As many here are aware, John Peterson is a famous naysayer on Seeking Alpha. On April 7/8 John Peterson wrote a Seeking Alpha article entitled, Is Tesla's Gigafactory Becoming a Gigafarce? To refresh your memory, in it he indicated if you invested in TSLA, you would make money 1 time out of 64, break even 1 time out of 64, and lose money 62 times out of 64. In the comments section I asked John to pick 64 data points for verification, and when he didn’t respond, I chose 64 dates being the next 4 Mondays of April and the first Monday of every month from May 2014 until April of 2019. Well, as of today we have 8 data points, with the reference TSLA value being the close on 4/7/14 of 207.52. Here’s the data to date:
Close on 4/7: 207.52
Close on 4/8: 215.46 Gain: +7.94 TSLA wins
Close on 4/14: 198.09 Loss: -9.43 JP wins
Close on 4/21: 204.38 Loss: -3.14 JP wins
Close on 4/28: 198.51 Loss: -9.01 JP wins
Close on 5/5: 216.61 Gain: +9.09 TSLA wins
Close on 6/2: 204.70 Loss: -2.82 JP wins
Close on 7/7: 222.66 Gain: +15.14 TSLA wins
Close on 8/4: 238.52 Gain 31.00 TSLA wins
So TSLA wins 4 and JP wins 4. Wouldn’t be bad for JP except for two things – he said he’d win 62 of 64 times (oops) and as of today, he’s $45 in the hole (oopsx2). I hope none of you invested with him. BTW, John edited out the section of that article where he said TSLA would lose money 62 of 64 times, so don't click there looking for it. Hmmmm…
I'll try to remember to come back monthly to update, but I think the rout is on.
Close on 4/7: 207.52
Close on 4/8: 215.46 Gain: +7.94 TSLA wins
Close on 4/14: 198.09 Loss: -9.43 JP wins
Close on 4/21: 204.38 Loss: -3.14 JP wins
Close on 4/28: 198.51 Loss: -9.01 JP wins
Close on 5/5: 216.61 Gain: +9.09 TSLA wins
Close on 6/2: 204.70 Loss: -2.82 JP wins
Close on 7/7: 222.66 Gain: +15.14 TSLA wins
Close on 8/4: 238.52 Gain 31.00 TSLA wins
So TSLA wins 4 and JP wins 4. Wouldn’t be bad for JP except for two things – he said he’d win 62 of 64 times (oops) and as of today, he’s $45 in the hole (oopsx2). I hope none of you invested with him. BTW, John edited out the section of that article where he said TSLA would lose money 62 of 64 times, so don't click there looking for it. Hmmmm…
I'll try to remember to come back monthly to update, but I think the rout is on.