Tesla as a company inspires controversy today just as its namesake scientist did many years ago.
Is TSLA price supported by a cult-like following rallying around its futuristic visions and outspoken genius-billionaire Elon Musk?
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More importantly, what stock price makes sense for Tesla? There’s no good answer; but based on fundamental factors alone (missed earnings, hazy forecasting, uncertain production and sales, dispute over what sectors the company operates in and what exactly the company “is” and “does,” and the conundrum that poses for risk and profitability assessment), Tesla should be trading at much lower prices. The shorts seem to think so, with short interest in the stock weighing in at almost one-third of the tradable float.
It’s clear many believe Tesla price will fall as the company’s visions don’t come to fruition. A plummeting stock price would lead to a funding debacle for Tesla’s varied projects.
The scientist Nikola Tesla was driven to madness and ruin as big money left his projects to wither. Without the nutrition of capital for funding his innovations, Nikola’s breakthrough ideas fell by the wayside and his business endeavors crumbled.
Big money and big players conspired against Tesla the scientist and his gregarious futuristic ideals. Will Tesla the company suffer the same fate as Tesla the scientist?
A lot of money is betting against the company and the fundamentals don’t make sense. Is Tesla price being propped by investors who believe in Musk’s vision and the revolutionary implications of his technologies, who will HODL no matter what the company’s stock does? The top handful of holders of Tesla stock own about 50% of the value of the company, including Musk himself. Musk recently agreed to a desirable pay package, so F.U.D. speculation that Elon was heading for the exits seems to be just that – F.U.D.
So we have a handful of believers HODL-ing half of Tesla stock, and big short interest – a third of the float – believing Tesla stock is headed down. Some analysts believe the stock will head higher, trigger a short squeeze, and catapult the stock price hundreds of dollars higher than it is now. Others believe Tesla’s efforts span too much breadth across too many industries and the company will collapse, unable to raise money for its endeavors.
Will Tesla the company persevere with its groundbreaking innovations in technologies spanning several industries and areas of life, squeezing the shorts and bringing life-changing value to shareholders and consumers alike?
Or will Tesla the company go the way of Tesla the scientist, ostracized as the big money clears out, leaving big ideas to wither?
Only time will tell. Initiative\activist investing can only go so far, but if things go right, they might go very right, not only in a business sense, but in a futuristic sense as well.
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