TSLA and Elon Musk
This has been a traumatic week for Elon. The quarterly results posted was disappointing and it follows the trend seen the last few quarters of falling sales and falling profit. Worst is that cash on hand seem to getting smaller.
What is good though is they seem to have subsycash on hand still which Elon claims can fund their continued commitment to Robotaxi and Optimus Robots.
Still, unlike previous Elon Musk post results, this time he was a lot more subdued. And alot less energetic. This is telling and it may suggest things are worst than is being let known.
Take note also the recent avalanche of departures of high level personnels. Also, look what happened to Elon's last great hope. The Cybertruck. Look at how it has/is failing.
All things considered, I feel it is better to be short than long Tesla. At least for the next few quarters as Elon has hinted.
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However, the present valuation is not reasonable nor sustainable. PE of over 160 in a market where blue chip companies are running below 18? Unreal.