Is it possible you’re just a blind fanboy? It’s a serious question.
Let’s have a look at the evidence.
1) Two rounds of layoffs.
- Please name the last successful high growth company that had
one yet alone multiple rounds of layoffs during their highest growth phase
-
https://www.cnbc.com/2019/02/09/teslas-model-3-worries-delivery-employees-said-to-be-cut.html
- While I won’t say the word of former employees is factually correct, you do have to consider this report. If this report is true and a large number of employees are leaving from the delivery team, that spells gigantic issues, I don’t care how any fanboy wants to spin it, that’s a gargantuan negative.
2) CFO departing. He worked with Musk for 7 years before leaving, came back for 2 and left again. He isn’t leaving bc he can’t work with Musk, the evidence points to the contrary, so why is he leaving during what should be a huge success period for the company. This should be when his stock options skyrocket in value. If that’s what he thought, the odds that he’d be leaving unless he has some sort of terminal disease are somewhere between slim and none.
3) Price cuts across the board on all models. Some of them multiple times. Who cuts prices when demand is soaring? That isn’t how supply/demand work.
4) CEO/Chairman lying about a buyout to burn shorts. This is unheard of behavior, but I’m sure you can somehow defend that.
I can keep going, but fanboys aren’t interested in facts and evidence, so there really is no point.
With the above, if this was any other company in the world, the stock would’ve been halved in the last 6 months. Best quote I’ve read about Tesla in the last year was a joke;
company could file bankruptcy and still be valued at $30B by its investors