Jim Chanos Has Approximately Thoughts On Tesla (Tsla)
If I were inwards Mr. Chanos' seat I wouldn't survive talking well-nigh the day-to-day nuttiness of the Elon Show.
Rather, Mr. C powerfulness desire to larn dorsum to a dependent land he knows really well, the unfolding disaster at the SolarCity subsidiary. Some links below.
From MarketWatch:
‘The corporate-governance disaster that is Tesla continues,’ says 1 of the fiercest critics of Musk too company
Tesla shares are downward 5.8% since CEO Elon Musk’s Aug. seven go-private tweet
Some previous commentary on SolarCity too the merger:
August 1
On Elon Musk: Some People Are....Different (and the phony SolarCity invoices) TSLA
June 21, 2018
Reuters Exclusive - "Tesla to unopen a dozen solar facilities inwards nine states: documents" (TSLA)
Dec. 18, 2017
So, How Was Tesla's Purchase Of SolarCity Not a Fraud? (TSLA; SCTY)
Dec. 4, 2017
The Short Argument Against Tesla
Mr. Chanos was taken to the cleaners past times Mr. Musk on SolarCity, had Tesla non bought it, SCTY was on its agency to bankruptcy court. We cause got quite a few posts on the bad blood betwixt the two, role the 'Search Blog' box search term SCTY if interested....
TSLA $302.87 Down $3.66, terminal (1.19%)
Oct. 25, 2017
"Tesla cites functioning reviews equally it fires SolarCity employees, though workers enjoin reviews never took place" (TSLA)
The query that comes to heed is: Was the acquisition of SCTY afraudulent altruistic stupid bright bailout of the Rive boys too perchance fifty-fifty Elon himself?
July 27, 2017
Why SolarCity Has Become a Shell of Its Former Self Since Tesla Buyout (TSLA)
This is a $3,000,000,000 scandal too no 1 seems to care....
June 22, 2016
SolarCity/Tesla: Analysts React (SCTY; TSLA)
Not exclusively is Tesla taking on almost $3 billion inwards SolarCity debt, it is also buying into the occupation of fifty-fifty to a greater extent than negative cash flows, both Operating too FreeCashFlow.
Which of course, along amongst the corp. governance nastiness, explains why Tesla has lost almost 11% of its marketplace cap, amounting to $3.14 billion on the 133 1000000 shares out too to a greater extent than than the entire marketplace cap for SCTY (98,296,422 shares at $22.30, upwards 5.2%).
The marketplace is maxim SCTY is worth less than naught to Tesla.
We'll cause got a lot to a greater extent than to enjoin well-nigh this inwards the coming days....
Tesla-Solar City: Cousins Shouldn't Get Married (to each other) TSLA; SCTY--UPDATED
So, Who Will Write Influenza A virus subtype H5N1 Fairness Opinion On The Tesla/SolarCity Deal? (TSLA; SCTY)
More On SolarCity/Tesla too Fairness Opinions (SCTY; TSLA)
"Elon Musk Faces Cash Squeeze at Tesla, SolarCity" (TSLA; SCTY)
"Short-Seller Chanos Calls Tesla-SolarCity Merger 'Crazy': CNBC Conference" (TSLA; SCTY)
Today In Depreciation: Does Tesla Really Understand What It’s Buying inwards SolarCity? (TSLA; SCTY)
Tesla, SolarCity Tumble Ahead Of New Merger Financials (TSLA; SCTY)
Attentive reader may cause got noticed nosotros didn't comprehend Mr. Musk's press conference on the roof tile solar panels terminal Friday. We've been at the marketplace long plenty to recognize a main magician's "hey, aspect at this" misdirection. The tiles aren't going to affair to anyone for at to the lowest degree a year, in all likelihood two, too past times too hence I would hold off the marketplace to cause got changed to the quest that they volition survive recognized equally a niche at best.
The oohing too ahing from the assembled journos was kinda funny though; inwards a naïve, never had to bet existent coin sort of way....
October 13, 2016
"Wait, Tesla Motors Might Need to Raise $12 Billion?!?!" (TSLA; SCTY)
Rather, Mr. C powerfulness desire to larn dorsum to a dependent land he knows really well, the unfolding disaster at the SolarCity subsidiary. Some links below.
From MarketWatch:
‘The corporate-governance disaster that is Tesla continues,’ says 1 of the fiercest critics of Musk too company
Tesla shares are downward 5.8% since CEO Elon Musk’s Aug. seven go-private tweet
Jim Chanos, the prominent investor at the caput of hedge fund Kynikos Associates, has to a greater extent than or less selection words for Tesla Inc. too its board a twenty-four hours after CEO Elon Musk position the kibosh on a conception to accept the electric-car maker from out of world hands:
Musk inwards a spider web log post service wrote on Fri that “given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe nosotros are ameliorate off equally a world company.”
Musk stunned fans too critics of Tesla alike on Aug. seven when he announced plans to accept the auto manufacturer somebody at $420 a share, describing that he had “funding secured,” suggesting that the procedure was inwards its afterwards stages....MOREIn pre-market merchandise the stock is at $313.50 downward $9.32 (2.89%) after dipping equally depression equally $303.52.
Some previous commentary on SolarCity too the merger:
August 1
On Elon Musk: Some People Are....Different (and the phony SolarCity invoices) TSLA
June 21, 2018
Reuters Exclusive - "Tesla to unopen a dozen solar facilities inwards nine states: documents" (TSLA)
Dec. 18, 2017
So, How Was Tesla's Purchase Of SolarCity Not a Fraud? (TSLA; SCTY)
Dec. 4, 2017
The Short Argument Against Tesla
Mr. Chanos was taken to the cleaners past times Mr. Musk on SolarCity, had Tesla non bought it, SCTY was on its agency to bankruptcy court. We cause got quite a few posts on the bad blood betwixt the two, role the 'Search Blog' box search term SCTY if interested....
TSLA $302.87 Down $3.66, terminal (1.19%)
Oct. 25, 2017
"Tesla cites functioning reviews equally it fires SolarCity employees, though workers enjoin reviews never took place" (TSLA)
The query that comes to heed is: Was the acquisition of SCTY a
July 27, 2017
Why SolarCity Has Become a Shell of Its Former Self Since Tesla Buyout (TSLA)
This is a $3,000,000,000 scandal too no 1 seems to care....
June 22, 2016
SolarCity/Tesla: Analysts React (SCTY; TSLA)
Not exclusively is Tesla taking on almost $3 billion inwards SolarCity debt, it is also buying into the occupation of fifty-fifty to a greater extent than negative cash flows, both Operating too FreeCashFlow.
Which of course, along amongst the corp. governance nastiness, explains why Tesla has lost almost 11% of its marketplace cap, amounting to $3.14 billion on the 133 1000000 shares out too to a greater extent than than the entire marketplace cap for SCTY (98,296,422 shares at $22.30, upwards 5.2%).
The marketplace is maxim SCTY is worth less than naught to Tesla.
We'll cause got a lot to a greater extent than to enjoin well-nigh this inwards the coming days....
Tesla-Solar City: Cousins Shouldn't Get Married (to each other) TSLA; SCTY--UPDATED
So, Who Will Write Influenza A virus subtype H5N1 Fairness Opinion On The Tesla/SolarCity Deal? (TSLA; SCTY)
More On SolarCity/Tesla too Fairness Opinions (SCTY; TSLA)
"Elon Musk Faces Cash Squeeze at Tesla, SolarCity" (TSLA; SCTY)
"Short-Seller Chanos Calls Tesla-SolarCity Merger 'Crazy': CNBC Conference" (TSLA; SCTY)
Today In Depreciation: Does Tesla Really Understand What It’s Buying inwards SolarCity? (TSLA; SCTY)
Tesla, SolarCity Tumble Ahead Of New Merger Financials (TSLA; SCTY)
Attentive reader may cause got noticed nosotros didn't comprehend Mr. Musk's press conference on the roof tile solar panels terminal Friday. We've been at the marketplace long plenty to recognize a main magician's "hey, aspect at this" misdirection. The tiles aren't going to affair to anyone for at to the lowest degree a year, in all likelihood two, too past times too hence I would hold off the marketplace to cause got changed to the quest that they volition survive recognized equally a niche at best.
The oohing too ahing from the assembled journos was kinda funny though; inwards a naïve, never had to bet existent coin sort of way....
October 13, 2016
"Wait, Tesla Motors Might Need to Raise $12 Billion?!?!" (TSLA; SCTY)
And many more, role the search spider web log box if interested.We've been thinking $6 billion to comprehend the build-out of the factories inwards Fremont, CA too Nevada too the New York SolarCity institute along amongst funding the higher cash burn downward after the SCTY merger.
And nosotros were at the high end....
No comments