I think Tesla’s product delays and high product prices are going to catch up with it, so I put on a small short position today.
Here’s a link to the post I did back on September 30th in which I said, “I think Tesla’s product delays and high product prices are going to catch up with it, so I put on a small short position today”. In the very brief time since then, it has lost about 20% of its value. Solar City is also pooing all over itself. The bloom is definitely off the Elon Musk rose.
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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