Quote Originally Posted by Dassets View Post
Hi, a quarterly miss doesn't really mean much on its own. However for me it is quite obvious the reasons for the miss are much more the real story. I was playing safe due to my concerns about Musk selling in a structured way so reduced my short from 900 to 400 this morning. Don't regret rebuying shorts but I am now am confident from this result I have a good handle on the company.

I am going to build a bigger more permanent position. Finished product inventory over the next 12 months will keep growing.
There are downgrades happening. However that doesn't matter because retail buys it until they don't.
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Note my comment re inventory build up. My earlier comments point out the issue with this. It is a permanent development and will suck capital. For instance the inventory build up for Q4 sucks up another US$1bil, yes that is right. That is probably now $1.5BIL in inventory build-up for Q3 and Q4. Cash is basically accounted for, ie no buy-back or meaningful one. Might be a pretend one.