She been saying this since at least Feb, but the top link is from this week.

Yeah I missed that. I love how she's talking about the $420 number as if it were something non facetious.

I wonder how many people have literally no idea or make no use of Twitter and Instagram or understand the 420 reference? It's funny to me that people have serious discussions and there's actual massive implications to "The Tweet" when he was just high af and just wanted to make a 420 joke but laced it with a believable dose of fake news. I'm sure she has no idea who Azealia Banks is either. Though that's petty bull**** going on there, you're supposed to know the ins and outs of TSLA...cray bitches need to be incorporated into the thesis. She could be a witness lol

Charles Gasparino reporting that banks pitching tesla to buyers for privatization, but if it doesnt work they will have to recapitalize


Thats such an awesome pitch "if you dont buy now, its guaranteed to be way cheaper in BK and a bunch more bidders"

I am going to be buying near term slightly OTM weekly puts every friday for the following friday for the next few weeks, likely 200-250 strike

It is not completely meaningless and recent developments can hurt TSLA. In an objective world, we could discuss the impact of the SEC investigation and Musk's lie about going private.

The reality is though that the last couple of pages are full of people quoting conspiracy theorists and making up conspiracies themselves.

The reality with TSLA is a lot less black and white like that. The company has substantial capital needs that can't be organically grown into. The company is also completely overvalued given the risk-reward the current price point implies.

But we are also discussing the case of bankruptcy which I think is far fetched and not entirely sure what it is based on despite some vague comparisons to Enron and Valeant.

The world is hardly moving in quarters, but we pretend that it matters whether Tesla has created a few hundred cars for non-existent (some would say: not yet existing) buyers and parks them in a parking lot somewhere.

honest opinion:
if you concede (which you just did), that the CEO of a 50b$ company lied about going private and you still want to put your money into that company, you should not be actively managing your money.

Really? How about running out of cash?

Vague?? Objective measures of impending bankruptcy:

- Strong history of structural lack of profitability
- Strong history of negative cash flow, particularly increasingly negative cash flow
- Quick Ratio (liquid assets vs near term liabilities) = 0.31!!!!!!!!!!!
- Frequently missed projections
- Proven history of lies and fraud
- Large $ value plausible litigation pending
- Debts > assets
- Bond prices suggesting a high risk of default.
- Multiple supplier lawsuits
- Core operating assets and revenue streams mortgaged

Any other company, this would be on death watch. The two outs Musk has are a large number of orders (hopefully enough above $50K), and raising large amounts of capital via offering equity. If neither of those things are possible, Tesla are bankrupt.

The billions in liability alone hanging over their heads from that dumb fraud tweet (which the bulls here thought was "nothing" at the time and couldn't see the fuss) alone is enough to make Chapter 11 a viable move.

It is >3000, not "a few hundred".

And you need to call up Musk and tell him "the world is hardly moving in quarters". It is 100% him that has created this absurd (sometimes straight up fraudulent) projections and then done crazy counterproductive things to try and meet them and keep the stock price artificially elevated via a carefully managed PR cycle. Do you not see the guy is legit unhinged? None of this needed to happen. He was handed Tesla on a silver platter. All he had to do was not overpromise, hire a competent COO/head of engineering with recent car manufacturing experience, capital raise for extra cushion, and Tesla would have zero problems right now. Musk did this to himself 100% of the way the entire time, because he's a not very bright narcissist.

Read through the Q2 balance sheet. Explain to everyone in the thread, based on the numbers you see in the balance sheet, why there is no case for bankruptcy, preferably by comparing it to the balance sheet of GM right before GM went bankrupt in 2008 if you are capable of doing so.

Spurious doesnt strike me as a guy who looks at balance sheets

I need more ****ing money, even LEAP puts with absolutely ridiculous strikes are incredibly expensive. Smart money seems to agree that the risk of ruin is huge.

At least she has a stake, unlike the bears ITT...

And the bullish price is based on the last earnings call... I didnt see allot of talk regarding that call on here or msm, very bullish after hearing the call

QFLOL

QFLOL

If you think bankruptcy is possible within the next 6 months and is the most likely outcome... You should probably immediately stop spending any time on this topic and redirect your time constructively, with hopefully an EV>0...


I should take my same advice for trolling you all ITT

the fish level of corporate finance ITT is discouraging...

5 posts with effectively nothing to say...

Flaming is cool, but elaborate. Otherwise you're wasting everyone's time including your own.

Listen, I realize you have major egg on your face after recent events, but 5 posts in a row? lol.

At this point the bears have ZERO credibility. You were all such utter assclowns you 100% believed that the go private tweet was real. Then when it was revealed as not real, you all thought it was "no big deal" and couldn't under the SEC fuss. Total ignorance of both Musk's character and the law.

Just like all the bulls were "very bullish"/dancing with glee when Elon said he's going private at $420 with "funding secured", and that "the only thing in doubt is the shareholder vote", and you all believed it was real? A lot of you probably added at $370+

I'm so happy you'll be holding until the end. Either way, you'll get what you deserve.

the ark bull case. this is pure gold:


source: https://ark-invest.com/research/tesla-private

It has been closer in the past and given current valuations + cash requirements, the money will easily be found. SpaceX probably has enough to cover an short term liquidity gaps. But as I said before, I think TSLA should raise money by selling equity. The reason why I don't think they are is because Musk does not want to lose more control.

GM had substantial structural problems. If you don't understand why GM went bankrupt and think you can compare GM to Tesla, you need to stop going by that historical reference. GM, Chrysler and nearly Ford had structural problems following a crisis. They had basically a way too big organization and substantial amounts of debt.

Definitely not on a daily basis.

Given your history, you shouldn't be talking anymore. Even recently when stuff went your way, you were wrong on the stock. When will you be right?

Lol, bull and bear have same revenue


I have staff accountants that do better work than this

no no no, you obviously need to look at the 4.2 million vehicle autonomous driving network with 80% margins that they will have by 2023.
don't you dare **** on their research!

i think when they recapitalize or go bk or whatever i'll get that thing framed and hang it somewhere. it's art.

I have been right on every fundamental issue with Tesla, right on Musk's personality and the truth of his claims, and right on his $420 tweets being bull****.

You have been wrong on every single fundamental (actual real world measurable outcomes), everything about Musk "just being optimistic" rather than doing deliberate fraud (he's now provably a major liar and fraud), wrong about production, wrong about autonomy.

I've also been right on a large majority of trades, posted in real time.

You're a megaclown and everyone laughs at you. Most of this thread, including the bulls, would much rather listen to me. Because I'm right and I'm rational and I present evidence. They certainly should have after that Musk tweet, which they all believed, like the incredible idiots they are when it comes to Musk, finance, business, etc.

Your response: "stock price bro!", even though it's down 18% since the Musk fraud, in a tech market making all time highs. The good news for the bulls: You actually have a chance to get out before you lose everything. The stupidity/fishiness of your fellows bulls and many of the shorts is a gift.

I dont want to get ahead of myself, but if we assume tesla goes BK or restructure. What important factors should one consider to determine if it will be a big gap down vs a slowish churn down over a few months?

Well, that right there is the issue, isn't it? I believe you are wrong on this. Time will tell.