Sunday, November 27, 2022

Does He Also See Fairies At The Bottom Of The Garden…?

And elephants dancing on the lawn? Because some people say Tesla can't go on:
"Tesla has immense gross profit margins of 30%, when the rest of the industry is lucky to get 15% or 20%. We don't think that's sustainable. Investors are still looking for 40% to 50% growth for the next decade, which pretty much means Tesla is going to be the entire car industry by the early 2030s. We just don't think that's going to happen." (Chanos, who is short Tesla, underscored the relatively small size of the luxury-car market, and mounting competition from legacy automakers.)
Is Twitter run any better?  Really?

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