I never said I was short $TSLA in my SS post. @fortune@bloomberg The article also reports on an older $500 million bet. No, it was $5 million. 13Fs and journalists…
The full text of what I wrote:
“Outgrowing dilution, for purposes of achieving maximum present value for an enterprise, is not easy.
Tesla dilutes its shareholders at about 3.6% per year, with no buybacks. The chart above shows the kind of present value destruction that this level of dilution can impart.
With recent news of Elon Musk’s $1 trillion dollar pay package, dilution is certain to continue. Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time.
[As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots – until competition shows up.]
Another beauty is Palantir, which has been diluting shareholders at about a 4.6% annual rate despite buybacks. Palantir has no earnings after adjusting for stock-based compensation.
Palantir has the distinction of being the first billionaire:revenue ratio greater than one that I have seen. Five billionaires due to stock ownership, and less than four billion in annual revenue.”
@JaneAdams95 צייד של רט״ג רק יכול לצוד ולדלל חזירים. רואים שאת לא מחיפה רק מחבקת חזירים שלא מבינה מה. זה לפחד לצאת מהבית או שלהקה מתנפלת עליך עם שקיות מהסופר .. רואים שאת דווקא חסרת לב וישע מעדיפה חיות על בני האדם. איכס