Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Elon Musk admitted that Tesla will fail to generate sales volume growth in the intermediate term. The company has become a growth stock that is not growing. It has the dubious distinction of being the worst performer in the S&P 500 Index this year, falling thirty five percent from $251 to $163 per share. The devaluation predicted by the Rabid Capitalist has begun (see https://therabidcapitalist.com/2024/03/03/tesla-touts-itself-faster-than-the-roadster-can-go-from-zero-to-sixty-miles-per-hour-2/). Electric vehicle demand, competition and Tesla’s product line issues have converged to impose reality on the story of the stock.
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