theschnell
Member
I think the moderator in this clip summed it up and to be honest I think it is the first time I heard anyone say it. These are two viewpoints looking at the same data and coming up with totally different conclusions through the way they interpret the data. Best I can tell, one side is looking at it strictly through historical perspectives and the other is looking at it through the prospect for future growth. Simple as that. Neither side is going to convince the other they're wrong. Time will play out in the end but until then neither side is going to budge.
Dan
I didn't watch the clip. I had to stop when he said he had a 7 figure short position. No one asked the size of his position.
Anyway, a large part of Spiegel's position has always been competition. That was an ok argument until the Bolt came out, which Spiegel tweeted many times would be the death of the Model 3. Now its the stupidest argument ever. Because the Bolt is a very good car, with very good range, with a price that is only 70% of the current Model 3, yet is it denting demand for Model 3?
So what in the world makes him think OEMs building EVs will dent demand for Tesla's products??? It's straight crazy to have a real life failure of your thesis, and yet still cling to that thesis.
I truly feel bad for him and even worse for anyone who invests their money with him. He just keeps burying his head deeper and deeper and deeper.
Now for Tesla to get and remain profitable. It is time for that, and that day is coming very soon assuming its not already here.