Best April Fool Joke

Source: Tesla Files For All Chapters Of Bankruptcy



FYI, here is the target: Tesla Is On The Verge Of Bankruptcy - Vilas Capital | Seeking Alpha

By VW Staff
. . .
I think Tesla is going to crash in the next 3-6 months, partially due to their incompetence in making and delivering the Model 3, partially due to falling demand for the Model S and X, partially due to the extreme valuation, partially due to their horrendous finances that will imminently require a huge capital raise, partially due to a likely downgrade of their credit rating by Moody's from B- to CCC (default likely) which should scare their parts suppliers into requiring cash on delivery (a death knell), partially due to the market's recent falling appetite for risk, and partially due to our suspicions of fraudulent accounting activities, evidenced by 85 SEC letters/investigations and two top finance people leaving in the last month. We are doubtful that they can raise a meaningful sum in the face of these material issues. If the fall happened quickly, it could add substantially to the Fund (+30 to +50%), in part due to our purchase of put options. Tesla, without any doubt, is on the verge of bankruptcy.
. . .
For this reason, and the fact that our main holdings are at give away prices after the market fall, I am personally adding $500,000 to the Fund April 1. For those who have the ability to and choose to add at this time, I believe high returns will result over the next few years.​

<snicker>"VW Staff", what a poor choice.

Bob Wilson

ps. I have no financial association with either Tesla or Vilas Capital. But I am amused.

 

Tesla stock was and may still be over priced. Only bitcoin was (is) worse because it makes no product. But I think a bigger picture is needed.

On Monday, another Falcon 9 launch of a reused, Dragon spaceship. The first stage was not recovered but used for another landing test at sea. The next Falcon 9 series, block 5, is expected to be man certified. SpaceX continues to work on flaring recovery, the only ones doing this with history of booster recovery. With block 5, the USA will be able to replace crew on ISS without paying the Russians and because of reuse, at an affordable rate. No one else is doing as much for reusable space flight.

Until Tesla comes out with a range extended model, I won't be a customer. It is a great inter-City car but I need an inter-State car which they don't have, yet. The the block-to-block speed of the cannonball run pretty well shows the long-range BEV limits.

Bob Wilson