I wasn't sure whether to post it under "news" or "investors", but it is relevant to both subforums:
http://www.nytimes.com/2015/08/29/opinion/joe-nocera-the-tesla-cheerleader.html?_r=0
TLDR; Joe Nocera, author of the above linked column, believes that Adam Jonas (analyst at Morgan Stanley) has been pumping the share price of TSLA in order to benefit Morgan Stanley's investment bank business, despite the official division between analyst and iBanking groups. Morgan Stanley is one of the underwriters of the latest TSLA share offering. Mr. Nocera says that the timing of Mr. Jonas' upgrades to price targets suspiciously coincides with Tesla's capital raises. I don't have a problem with this part of the column.
However, Mr. Nocera can't help but take a swipe at Tesla, which he describes as, "a company that eats through cash, loses money on every sedan it sells,". He then says that the falling price of oil is one reason for Tesla's overvaluation.
Merlin's :cursing:ing beard this is ridiculous. Does this guy not know how to read a quarterly cash flow statement?
The Times is as bad as the WSJ. What a :cursing: rag.
http://www.nytimes.com/2015/08/29/opinion/joe-nocera-the-tesla-cheerleader.html?_r=0
TLDR; Joe Nocera, author of the above linked column, believes that Adam Jonas (analyst at Morgan Stanley) has been pumping the share price of TSLA in order to benefit Morgan Stanley's investment bank business, despite the official division between analyst and iBanking groups. Morgan Stanley is one of the underwriters of the latest TSLA share offering. Mr. Nocera says that the timing of Mr. Jonas' upgrades to price targets suspiciously coincides with Tesla's capital raises. I don't have a problem with this part of the column.
However, Mr. Nocera can't help but take a swipe at Tesla, which he describes as, "a company that eats through cash, loses money on every sedan it sells,". He then says that the falling price of oil is one reason for Tesla's overvaluation.
Merlin's :cursing:ing beard this is ridiculous. Does this guy not know how to read a quarterly cash flow statement?
The Times is as bad as the WSJ. What a :cursing: rag.