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Ep. 942: Vitaliy Katsenelson Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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Tesla's Path Dependent Company

Tesla was losing a lot of money, it had a lot of debt. If something happens and the bond market frees up and it can borrow money or it has promised productions or whatever, it can go bankrupt. But if you're shareholder, you get wiped out and somebody else comes in and owns the shares. Today, that's less likely to happen because they were able to take advantage of a high stock price and issue shares so they have much better balance even though the profitability is still very questionable.

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