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March 3, 2019

Can’t Spell Felon Without ELON


For Part I Click Here This may surprise people, but accounting isn’t a black and white endeavor—there’s actually a lot of gray area—particularly when you deal with accruals and estimates for future events. This is the reason that two very similar companies can report very different short-term results. What is the useful life of equipment from a depreciation standpoint? What is the eventual cost ... Read More
Categories: Investments
Positions Mentioned: TSLA, TSLAQ
March 1, 2019

End Of The Road…


All Ponzi schemes follow a basic rule; as long as more money is coming in than out, the scheme can continue to inflate. When money stops flowing in, the scheme collapses—often quite rapidly. I believe that Tesla (TSLAQ – USA) is near the final stages of this arc. Excluding stock option exercises, cash is no longer inbound; meanwhile Tesla can no longer use financial ... Read More
Categories: Investments
Positions Mentioned: TSLAQ
July 4, 2018

Tesla Is The New Theranos (With A Curious Nazi Twist)


I originally started following Tesla (TSLA – USA) as I felt it was a structurally unprofitable business nearing a cash crunch as hundreds of competing products were about to enter the market. As I’ve studied Tesla more closely, I’ve come to realize that Elon Musk appears to be running a Ponzi Scheme disguised as an auto-manufacturer; where he has to keep unveiling new products, ... Read More
Positions Mentioned: TSLA
July 1, 2018

Ivar Kreuger Goes “Green”…


Let me start with an admission; following Tesla (TSLA – USA) has taken an increasingly disproportionate amount of my time over the past few months. At times, I cannot seem to look away from the unfolding train-wreck. I think this is because Tesla combines elements of every major securities fraud over the past century; along with the frenetic energy of a penny-stock promoter lurching ... Read More
Categories: Investments
Positions Mentioned: TSLA
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