How to Make $1 Million Shorting Tesla
The ACID Capitalist Podcast
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Tesla Is Now Growing Unit Sales by Slashing Prices, Okay?
Last year, let's talk run rate, okay? Because it's a growth stock. They sold 400,000 cars in Q4, okay? This year, according to their own guidance, which they always miss, by the way, they will sell 1.8 million cars,. But here's the problem. Last quarter, they had reasonable margins; this quarter, they slashed prices by an average of 12% versus last quarter. If you slashed prices on a car with a gross margin of 21%, by 12%, you got a problem. Tesla is now growing unit sales by slashing prices. It's just another car company and deserves a car company multiple, not a sexy tax stock multiple.
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