Tesla will plunge below $100 this year claims former hedge fund manager

[Sanity Check]

Tesla has disappointed its investors and will tank more than 60% of its value by the end of this year, former hedge fund manager Whitney Tilson said on Monday.

"Today I’m making one of my rare big calls: we will look back on last Friday as the beginning of the end for Tesla’s stock," Tilson said in a newsletter distributed Monday seen by the research firm Quoth the Raven. He added that stock will be at "under $100" before the end of 2019.

"I sense that the number of investors who are losing confidence in Musk is finally exceeding those who are drinking his Kool Aid," Tilson said.

On Thursday, CEO Elon Musk warned Tesla might not be profitable in the first quarter of 2019 after achieving two consecutive quarters of profitability in the second half of last year, a first in the company's history. In February, Musk said the company would be profitable in "all quarters going forward."

Tesla also announced it was shifting to online-only sales and closing most of its 378 retail stores. In part to its moves to shift all sales online and other ongoing cost efficiencies, Tesla slashed the prices of its Model 3, Model S, and Model X vehicles by about 6% on average,according to a blog post.

The company's announcement showed that Tesla has lost its rising momentum, according to Tilson. "If Tesla had any positive card to play, they would have played it on Thursday afternoon in order to soften the blow," he said. "I think this means they are out of bullets."

Tilson previously managed Kase Capital, a $50 million hedge fund. He closed Kase in September of 2017 after its underperformance.

Tesla was down 2.54% to $287.29 a share Monday and was down 5% so far this year.

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https://markets.businessinsider.com/news/stocks/tesla-stock-price-below-100-year-end-whitney-tilson-2019-3-1028001932

I for one hope Elon Musk beats expectations.

[RoyBacon]

Be careful!

TSLA has bludgeoned shorts for years. I'm a short currently but I have great respect for TSLA. Folks were saying they were done @ $119 a share/ Now they are $275.

I think TSLA will see lower ground as they wade into the $35k a car category. Maybe $150-$250 as a trading range. So yes there is money to be made on the downside but be careful. This stock has killed many a short sellers.

[Sanity Check]

TSLA will always be undervalued imo.

There are too many leftists whose primary role in life is trying to put down winners like Donald Trump and Elon Musk.

Leftists don't create value to society, they don't innovate or build anything worthwhile.

They only obstruct and sabotage others from being innovative and creating value.

[Thor4140]

2 trillion more on the debt in only two years after being handed a stable economy from a guy who brought down unemployment from 10 to 4.8 after being handed an absolute shitstorm If these pigs u blindly follow are innovators u might be the dumbest fuk on this board. Please save us the comparison of Trump and Musk. The only thing u know about winning is that you are not a winner.

[RoyBacon]

2 trillion more on the debt in only two years after being handed a stable economy from a guy who brought down unemployment from 10 to 4.8 after being handed an absolute shitstorm If these pigs u blindly follow are innovators u might be the dumbest fuk on this board. Please save us the comparison of Trump and Musk. The only thing u know about winning is that you are not a winner.

tards

[HockeyRocks]

TSLA will always be undervalued imo.

There are too many leftists whose primary role in life is trying to put down winners like Donald Trump and Elon Musk.

Leftists don't create value to society, they don't innovate or build anything worthwhile.

They only obstruct and sabotage others from being innovative and creating value.

Comparing Donald Trump, a maybe billionaire to Elon Musk, a proven muti-billionaire with a brilliant mind....PRICELESS...

[Thor4140]

tards

hey if I was dumb enuf to believe Fox news spin an listening how Obama was destroying the country I would believe the assinine stuff u believe too. Guys like me use the eye test. Pigeons an puppets like u fall for anything. That is why u only have one news source. They prey on imbeciles like u than laugh in the green room shaking their heads that they have imbeciles like u watching them. Same thing Vince McMahon does but he is at least decent enuf to let the braindead know he is just putting on a show. Have a nice day

[RoyBacon]

hey if I was dumb enuf to believe Fox news spin an listening how Obama was destroying the country I would believe the assinine stuff u believe too. Guys like me use the eye test. Pigeons an puppets like u fall for anything. That is why u only have one news source. They prey on imbeciles like u than laugh in the green room shaking their heads that they have imbeciles like u watching them. Same thing Vince McMahon does but he is at least decent enuf to let the braindead know he is just putting on a show. Have a nice day

Let's see how the Obama loving NY Times described Obama's economy towards the end;

"For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

[Sanity Check]

hey if I was dumb enuf to believe Fox news spin an listening how Obama was destroying the country I would believe the assinine stuff u believe too. Guys like me use the eye test. Pigeons an puppets like u fall for anything. That is why u only have one news source. They prey on imbeciles like u than laugh in the green room shaking their heads that they have imbeciles like u watching them. Same thing Vince McMahon does but he is at least decent enuf to let the braindead know he is just putting on a show. Have a nice day

I'm from hawaii and I like Obama.

Even I have to admit things were really bad with democrats running things and circumstances are much improved with Trump in office.

Obamacare was funded by 20 tax hikes and did nothing to fix healthcare.

Now people want "medicare for all" which will probably cost 20-40 tax hikes and not do anything more to fix healthcare than obamacare did.

History repeats itself cuz people refuse to know it.

[Thor4140]

Let's see how the Obama loving NY Times described Obama's economy towards the end;

"For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

did i hear this right today? 20 thousand jobs for February? Has there ever been a number lower in the history of these numbers being taken? Try not to give me a month after a republican destroyed the country and a Dem took over.

[Thor4140]

I'm from hawaii and I like Obama.

Even I have to admit things were really bad with democrats running things and circumstances are much improved with Trump in office.

Obamacare was funded by 20 tax hikes and did nothing to fix healthcare.

Now people want "medicare for all" which will probably cost 20-40 tax hikes and not do anything more to fix healthcare than obamacare did.

History repeats itself cuz people refuse to know it.

Help me out here first off this plan wasn't what Obama wanted this is all he could get because a whole lot of folks do not want affordable healthcare for the people of this nation. Those folks would be all Republicans an blue dick democrats (who refuse to vote with the public option). If u missed it we saw 9 years of undermining the affordable care act by these Republicans. Did they ever say "hey lets step in with a few ideas and help this out"? No, what they said was that we can't let the nation have affordable healthcare because our donors will get mad. That would be the reality but once again on your brain dead sites they will most likely say that Republicans tried all they could to help. The no good mother fukers tried and succeeded to undermine it just like they did when Hillary and Bill tried to pass it.

[keely85]

I like how we got 2 posts before someone came in and turned the conversation into a “trump is better” argument. Lmao ur boner is showing Sanity.

[Thor4140]

Let's see how the Obama loving NY Times described Obama's economy towards the end;

"For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%."

From the shit sandwich he was given what could be the worst presidential handoff in history and absolutely nothing but obstruction by Republicans maybe we should be thankful it was that high. Those are fact. Obstruction, Obstruction, Obstruction from the party who only cares about deficit and debt when a Democrat is in office.

[MinnesotaFats]

From the shit sandwich he was given what could be the worst presidential handoff in history and absolutely nothing but obstruction by Republicans maybe we should be thankful it was that high. Those are fact. Obstruction, Obstruction, Obstruction from the party who only cares about deficit and debt when a Democrat is in office.

This makes zero sense.

GOP congress oked Obama budgets to the extent of doubling our national debt in his 2 terms.

The fact us that GOVT spending does NOT grow the economy, it contracts the private investment available for true growth.

The growth you've seen and will see continue (so long as congress is split) is because private investment is free from the fear of overreaching taxation and spending increases similar to 08-16.

Should the congress go left in both chambers, or a lefty Pres, then you'll see contraction again... countered by a GOVT spending plan that will fail in comparison to the alternative (tax cut- stimulus)

[keely85]

Well the floor is gonna drop out soon. The market is due for a correction. And we’re gonna start seeing the negative effects of the tax cuts this year. Would hate to be anyone running for POTUS in 2020. It’ll be a trash heap

[Sanity Check]

Help me out here first off this plan wasn't what Obama wanted this is all he could get because a whole lot of folks do not want affordable healthcare for the people of this nation. Those folks would be all Republicans an blue dick democrats (who refuse to vote with the public option). If u missed it we saw 9 years of undermining the affordable care act by these Republicans. Did they ever say "hey lets step in with a few ideas and help this out"? No, what they said was that we can't let the nation have affordable healthcare because our donors will get mad. That would be the reality but once again on your brain dead sites they will most likely say that Republicans tried all they could to help. The no good mother fukers tried and succeeded to undermine it just like they did when Hillary and Bill tried to pass it.

Obamacare failed because it raised taxes 20 times and spent trillions in tax revenues while doing nothing to make healthcare cheaper or more affordable.

It doesn't get simpler than that.

We all know US healthcare is expensive because drug makers hike prices -- neither obamacare nor medicare for all will do anything to fix those types of issues, which is why they're both guaranteed to fail.

The CBO (congressional box office) and other fake news outlets which have served as as loudspeakers for democrat policy can lie to the public all it wants claiming obamacare will make "healthcare cheaper". It was bullshit 10 years ago and its bullshit today. Nothing has changed.

[MinnesotaFats]

Well the floor is gonna drop out soon. The market is due for a correction. And we’re gonna start seeing the negative effects of the tax cuts this year. Would hate to be anyone running for POTUS in 2020. It’ll be a trash heap

What are the negative effects of tax cuts?

That people who earn money get to keep more to invest or spend as they wish or that people who don't pay into the system can't drain it anymore?

Best thing for the country would be forced austerity from lack of tax revenue...I'd welcome it with open arms.

[RoyBacon]

I'd like to know that too.

Originally Posted by keely85
Well the floor is gonna drop out soon. The market is due for a correction. And we’re gonna start seeing the negative effects of the tax cuts this year. Would hate to be anyone running for POTUS in 2020. It’ll be a trash heap

[Thor4140]

This makes zero sense.

GOP congress oked Obama budgets to the extent of doubling our national debt in his 2 terms.

The fact us that GOVT spending does NOT grow the economy, it contracts the private investment available for true growth.

The growth you've seen and will see continue (so long as congress is split) is because private investment is free from the fear of overreaching taxation and spending increases similar to 08-16.

Should the congress go left in both chambers, or a lefty Pres, then you'll see contraction again... countered by a GOVT spending plan that will fail in comparison to the alternative (tax cut- stimulus)

if he didn't spend we would have been smashed. The problem is that when it is time to spend it is always a dem that is in office because the Republicans hand the country garbage when they get finished paying their masters. Than of course the republican all of a sudden don't wanna spend anything after giving their donors a big handout. It is called trickledown economics. How come cutting spending is a big issues with republicans when democrats take charge? Why do they not care about spending when they are in charge.

[Thor4140]

Obamacare failed because it raised taxes 20 times and spent trillions in tax revenues while doing nothing to make healthcare cheaper or more affordable.

It doesn't get simpler than that.

We all know US healthcare is expensive because drug makers hike prices -- neither obamacare nor medicare for all will do anything to fix those types of issues, which is why they're both guaranteed to fail.

The CBO (congressional box office) and other fake news outlets which have served as as loudspeakers for democrat policy can lie to the public all it wants claiming obamacare will make "healthcare cheaper". It was bullshit 10 years ago and its bullshit today. Nothing has changed.

CBO doesn't fit your narrative so of course they are fake news. The bottom line in case you missed it is that one side did everything they could to undermine it. I know you didn't notice this on your Sinclair like sites (you want to talk about fake news my goodness) There were people protesting who didn't want to lose their ACC and were happy with it. Can you imagine if the Republicans actually were for the people and tried to help it along. Nah all they did is want to get rid of it. Simply because it would have been good for the country and it would have made the democrats look good. They couldn't have that. You must have great peripheral vision cause you can't see shit straight in front of you. Oh and drug prices are a fraction of total health care cost. A problem but not the whole problem.

[RoyBacon]

I'd like to know that too.

Originally Posted by keely85
Well the floor is gonna drop out soon. The market is due for a correction. And we’re gonna start seeing the negative effects of the tax cuts this year. Would hate to be anyone running for POTUS in 2020. It’ll be a trash heap

I guess we are not getting an explanation Keeljoy.

In the face of damning evidence Thor pivoted away from Obama's great economy(lol) to well yea, it was terrible but that's because of Bush!!

You can see where tards are heading in Keeljoy's post. They can no longer deny wages are growing and prosperity is returning. Their new counter narrative is yea ok, things have improved but a crash is coming.

[rkelly110]

Was watching this last night.

[Nitrogen]

Tilson said in a newsletter distributed Monday seen by the research firm Quoth the Raven. He added that stock will be at "under $100" before the end of 2019.

Stock is at $905 this morning.

Was in the $400's in December. Wow

[Sanity Check]

Not a bad thread.

I actually made a few half decent comments here. Thanks for bumping this.

[Shafted69]

I hope the OP shorted TSLA on 03-05-2019, held on to it til today and has jumped off a bridge.

[Sanity Check]

I hope the OP shorted TSLA on 03-05-2019, held on to it til today and has jumped off a bridge.

Imagine this guy brightening up a room with his presence.

The overwhelming positivity is great.

[chico2663]

did i hear this right today? 20 thousand jobs for February? Has there ever been a number lower in the history of these numbers being taken? Try not to give me a month after a republican destroyed the country and a Dem took over.

dig up gdp on past presidents...yu will see carter had better. they bitch about obama but aren't smart6 enough how yjay sugar high known as tax cuts doubled it.