Tesla quality is ranked dead last among 31 brands, Stock Headed To zero: Shortseller

Excerpted from Stanphyl Capital’s September 2020 letter to investors.We remain short the biggest bubble in modern stock market history, Tesla Inc. (TSLA), which currently has a fully diluted market cap of approximately $445 billion, roughly equal to those of Toyota, VW, GM, Daimler, BMW and Ford combined despite unprofitably selling fewer than 500,000 cars a year to their nearly 40 million. The core points of our Tesla short thesis are:Tesla has no “moat” of any kind; i.e., nothing meaningfully proprietary in terms of electric car technology, while existing automakers—unlike Tesla—have a decad…

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HEDGE accordingly