Jason DeBolt has not retired. Tesla bulls having a stressful few days!

Jason DeBolt has not retired. Tesla bulls having a stressful few days!

Here’s my latest video on the YouTube channel, as things heat up for Tesla bulls:

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    I listened to a Baillie Gifford presentation today – their Keystone Positive Change Fund which they have relatively recently taken over from the previous managers and turned into a kind of ESG fund. They own Tesla and still basically like it though as we know the big funds (Scot Am especially and Am Growth) have cut back a lot. I know defending Tesla is a kind of mantra at this manager but they really still base their view on electric cars/climate change and phenomenal growth. Though I simply do not believe the argument that bitcoin isn’t really bad news for excessive power consumption and thus consider this weakens the justification for the Tesla purchase in this fund.

    I had a quick look at the projected numbers for this year on Market Screener. As I write the market cap (I think) is around $575bn and projected sales (this year to December)$48bn so P/Sales around x12, projected net income is $3.2b rising to $7bn for December 2023. Not quite as horrendous as one might think if achieved. I completely agree that your friend Jason doesn’t really grasp the significance of pension income and certainly doesn’t have a very balanced portfolio. I also agree that if you don’t understand shorting and gearing (leverage) stay well clear of it. But if you have been a passenger in a Tesla you know it is a pretty amazing car.

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