Fund Manager Explains “Why I Canceled My Tesla Model 3 Order”
Take a gander at the Model 3 shopping experience. If you still like Tesla, as a company, you are delusional or you are a satanic network shill who is helping to push the slavery of this world with Agenda 21 programming. You are the enemy of Christ and the people around you. But you soy-boys who hate decency and kindness to all know that already don’t you. I know…why don’t you go beat up on some defenseless minor children or virtue signal with a pussy hat, like you usually do.
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| The reason there are NO TESLA CARS AT ANY DEALERSHIP is because they do not produce the car in volume numbers that Musk says they do. He lies. I put up a video PROVING that no cars are being produced at the Tent facility in Fremont Calif. NONE. If they were making 5000 cars a week of each model, there would plenty around to test drive and people would NOT STILL BE WAITING THREE YEARS TO TAKE OWNERSHIP OF THE CAR THEY ALREADY PAID FOR. |
Fund manager Vitaliy Katsenelson explains Why I Canceled My Model 3 Order.
I put a $1,000 deposit on a Tesla Model 3 the day it was announced. At the time I thought of the Model 3 as a smaller, cheaper version of the Model S. So a few days ago I stopped by a Tesla store to check out the Model 3. I was at the store not as an investor evaluating Tesla’s latest product but as a buyer, ready to buy. Little did I know…
The shopping experience ended up being quite odd. Tesla’s Denver store did not have a Model 3 in the showroom or available for a test drive. I was told they will not get one for several months – the Model 3 is infamously behind schedule, like by THREE FUCKING YEARS. But still, Tesla claims they are producing thousands of cars: Why not send 100 to their stores so people can see and drive before they buy? Might it be because that thousands of cars a week is a complete load of bullshit? I smell a rat!
I thought it was also odd that when I asked a salesman to show me pictures of the Model 3, he did a Google search. A FUCKING GOOGLE SEARCH. He did not even have pictures of the car on Tesla’s internal site (the one he used to show me pricing options). Tesla’s external site also doesn’t have photos of the Model 3, just a few videos.
Also, at $35,000, the basic Model 3 is truly basic. If you want a semi-decent car with leather seats and safety sensors, the price quickly jumps to $55,000 (all-wheel drive won’t be available until late 2018). If you order a Model 3 today, there is a chance you may get tax credits (which could be as high as $12,000 between federal and state), but this completely depends on Tesla’s production schedule, which so far has been disappointing. If your car is delivered after June, the tax credits rapidly decline and then disappear. The real price of the model 3 penciled out to over 90,000.00 FUCKING DOLLARS, for a car I have to wait three years to get.…As I was contemplating writing a check for $55,000, the Model 3 started to feel less and less appealing. I started thinking about a three-year-old Model S instead (plus, I’d get to use Tesla superchargers for free). Or maybe I should wait for electric cars from other automakers.I share this experience because I’m probably not the only one thinking this way. As the dollar meets the road and a lot of Model 3 depositors visit Tesla showrooms, they will likely have similar second thoughts.
Beyond unconscious
It is truly unconscious for a dealer to not have a car on display for people to see. But they do not really produce but a few cars and then, only the most expensive ones. That’s how it is.
Tesla goes beyond unconscious to not even having images. Dealers have to go online and get pictures from the public to show people. Hell, I could have done that at home. What a fucking waste of time and money. I want my money back.
That said, until sentiment collapses, it is very tough to short story stocks. One can easily get blown out of the water.
Krispy Kreme Comparison
Does anyone remember Krispy Kreme Donuts? People were shorting the stock at $10. It rose to nearly $50.
Story Stocks
Story stocks are very difficult to time correctly.
Following a meteoric rise, Krispy Kreme fell to one dollar. The article I linked to said it was undervalued at $18.39. That was in 2014.
On May 9, 2016, Krispy Kreme was sold for $21 a share in cash, or roughly 25% more than the doughnut chain’s closing price .
There was plenty of money to be made, long or short. But I ask: How many did?
Moreover, there was far more money to be had by being patient and buying at $1, $2, or even $5 between 2008 and 2010 than being short.
Someone taunted me the other day: “How’s your Tesla short going?”
I am not short, but those kind of taunts and this kind of news suggests it may be a good idea.