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by mrnobody_67 2047 days ago
Either way, ouch: https://www.plainsite.org/realitycheck/tesla.html
5 comments

Links to this kind of low quality, evidence-free junk is not worthy of Hacker News. All the claims made are just beyond absurd and desperate in their ridiculousness. This is exactly what you'd expect from a company that is demolishing the net worth of many short sellers.
What claims are absurd?

Tens of millions of people will own significant Tesla stock via the index despite obvious evidence of fraud and financial engineering at the company.

Even if everything was above board (i.e. the company had a general counsel or was able to obtain a D&O policy from someone other than Elon Musk himself)... this is probably the most overpriced car company on the planet by any metric, and it's revenue has flat-lined the last 8 quarters (no, it's not a growth stock).

> Its market capitalization has exceeded $80 billion at its peak

Well that aged well

At least the executive summary is mostly about how Tesla's products are bad and their financials are bad. The market disagrees on both counts.
Why ouch? How is this TSLAQ site relevant?
xD. Are working for a short seller?