I do know there was a reason Mr. Musk has been trying to lower expectations. A couple weeks ago it was "Elon Musk: Tesla's stock price is higher than we 'deserve' right now (TSLA)".
That was followed by recode's report last Saturday: "Elon Musk is preparing to go through ‘production hell’ to deliver Tesla’s Model 3 on time"
Here's the last year's action via FinViz:
And today's story, from Reuters:
Investor Einhorn sees cash burn at Tesla, sticks with short bet
Billionaire investor David Einhorn, who has been hurt by his bet against Tesla Inc, said on Tuesday that the electric car maker is over-valued and that the company is not adequately capitalized.
Here's the investor relations homepage. We'll be back with more."The company is expected to burn over $2 billion this year as it begins production of its Model 3," Einhorn said on an earnings call for his reinsurance company Greenlight Capital Re. "It is currently only capitalized for the next three quarters," he added.Performance at Einhorn's Greenlight Capital has been hurt by bets against high-flying stocks like Tesla, Amazon.com Inc and Athenahealth Inc which he calls his bubble basket stocks. But he is sticking with those short bets....MORE
