Hacker News new | ask | show | jobs
by AndrewBissell 2500 days ago
The financial press has gone very easy on Tesla & Musk. They will routinely write "Elon Musk says" articles which are little more than stenographic regurgitation of some statement by Musk or Tesla. Longs and Tesla touts like Ron Baron, Cathie Wood, Gene Munster, and even the utterly inexperienced Galileo Russell are routinely given long CNBC segments to hold forth with their bullish theses. And even if it can temporarily push the stock price one direction or another, press coverage has little to nothing to do with their audited financial results.

Netflix attracted a ton of short interest back when the stock was around $100. Somehow that didn't, in and of itself, hold back the company at all.

> It is curious that since 2013 Tesla sales have jumped from approx 20,000 per year to approx 30,000 per month and yet the stock price hasn't shown an equivalent increase.

Yes, it's almost as though the company has a complete lack of operating leverage and is losing more money the more cars it sells.