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New Developments For Tesla

Mar. 28, 2021 5:20 PM ETTesla, Inc. (TSLA)
Ruerd Heeg profile picture
Ruerd Heeg's Blog
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Deep Value, Foreign Companies, Nano-cap, Long Only

Seeking Alpha Analyst Since 2012

As a mathematician (Ph.D.) I use 7 quantitative strategies with statistically extremely high returns. I select these cheap companies with software comparing thousands of global stocks on value metrics, liquidity, quality metrics, and momentum. I focus on global nanocaps and net-nets. Check Turning Rough Stones: turningroughstones.substack.com

During the last 4 days the main development for Tesla (TSLA) were many reports people unintentionally paid their car twice. See here, here, here, and here. See also this refund issue suggesting Tesla's accounting records can disappear. Similar reports have appeared before, about butt-dial purchases of "products" from the Tesla app such as Full Self-Driving. That was also close to a quarter end. I see these reports as another sign of financial distress. So I am surprised to see this after Tesla raised $10 billion in the second half of 2020.

Furthermore see this video with important points of Tesla short sellers. I have not found any factual errors in this video. Allegedly Tesla fans tried to get the video removed. Apparently the original video was indeed removed from YouTube but it suffered from the Streisand effect.

Lastly do read Montana Skeptic's new article. Because of new requirements from the Chinese state Tesla needs to make large and probably expensive modifications to software and hardware in the cars made in China.

Bottom line: my opinion is still strong sell.

Global Deep Value Stocks is a long only newsletter. I do not publish research on stocks like Tesla in Global Deep Value Stocks. See here for examples of what I do at Global Deep Value Stocks. For more information see here or send me a DM.

Analyst's Disclosure: I am/we are short TSLA.

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