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  1. #12
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Beagle ....I hope one of your clients wasn't supplying Tesla

    “The Silicon Valley electric car company said it is asking its suppliers for cash back to help it become profitable, according to a memo reviewed by The Wall Street Journal that was sent to a supplier last week. Tesla requested the supplier return what it calls a meaningful amount of money of its payments since 2016, according to the memo.”

    LOL its nearly as much fun as attending the circus isn't it ! Its so bizarre its become comical. He's been all over CNBC this year saying he doesn't need cash and now lol. His recent antics in my opinion is all the proof you ever need that everyone needs checks and balances. Further I think his antics are seriously undermining confidence in Tesla as a brand. I give them less than 50 / 50 chance of being around to honor those 8 year battery warranties now after listening in to CNBC this morning and seeing their cash burn. Are there any more gullible investors pockets to mine when they eventually have to do a capital raise ?
    I think the big Euro manufactures are all over this electric thing and Tesla will face a tsunami of competition from highly credible manufactures with a long track record of quality control in the years ahead. I reckon Tesla is toast sooner or later.

    Sheeting this back to the issue I think the problem I have with the likes of Shane Jones $1b regional development fund is does he have any checks and balances or is he our version of Elon Musk ? Iis it just throw money at whatever project captures his imagination ?

    On another note...I see Julie Anne Genter is all over this now she's involved in motherhood https://www.msn.com/en-nz/news/natio...cid=spartandhp One supposes one could make a case for taking a speculative position in Evolve if one had confidence in management and believed that the Govt might extend the free 20 hour childcare program. Unfortunately I don't really have confidence in Evolve's management so probably best I don't take a punt on what the Govt might do but its a punt some others might like to take.
    Last edited by Beagle; 24-07-2018 at 11:17 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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