Mark Spiegel on TSLA

“Tesla you know you know last day look BMW was it was 60 billion euros or something it's got 3.2 billion shares outstanding so you're looking at I don't know 17 a share are you [ __ ] [ __ ] maybe I mean that's what that's what the damn thing is generously worth”

“so you're looking at I don't know 17 a share maybe I mean that's what that's what the damn thing is generously worth because it's not really growing much anymore”

“if Tesla sold at six times earnings which it should because it's like any other freaking car maker and it earns three dollars this year that would be 18 a share”

“BMW has a market cap now of I think about 60 billion hold on one second let me let me look it up live hang on yeah roughly 60 billion US Dollars okay Tesla has over 3 billion shares outstanding roughly 3.15 billion if Tesla were valued the way BMW is it would sell for around 18 or 19 a share so and by the way that's only if the Tesla financials were legit which I think they're not”

“Tesla will be lucky to earn three dollars a share Gap this year I'm pretty sure it's going to be in the two handles”

“I also have no doubt that Tesla Gap earnings this year 2023 will be at least 30 percent lower than 2022's earnings”

“fundamentally this stock is worth less than twenty dollars a share and by the way at fifteen dollars at twenty dollars a share it would still have a 60 something billion dollar market cap which is probably absurd”

“Tesla's going to get crushed Tesla had this window of being having essentially a monopoly on luxury electric cars and it still couldn't make money and now that window is slamming shut”

“my target is maybe 30 40”

“20 times two dollars would make it a 40 stock right it's now 707 right so what is that you know there's there's probably 95 downside or something in this stock before it gets a very generous valuation”

“it looks like towards the second half of the year it's possible Tesla starts to look cheap again even at $1400 per share”

“I think when Tesla reports the current quarterly results they will likely be profitable for this quarter and for the last four quarters so spiegel statement here won't age very well starting in about two weeks then by the end of the year I think Tesla will be quite profitable”

“at a p/e of 25 on four hundred million ten billion dollars that's the debt it leaves zero value for the equity”

“this is really as good as it gets in terms of profitability and probably deliveries”

“bankruptcy filing out on the next year or something like that you know very very very high... 80%”

“I'd say it's 90% that this stock trades under $100 within the next year”

“these other cars will be in the showrooms between now and next year and by the middle of 2020 everybody's gonna see what's going on”

“I've never been more sure of anything in my life that this thing is gonna be way down by ninety percent within twelve months”

“the incumbents are gonna destroy Tesla”

“there are three broad reasons why the equity in Tesla is worth zero”

“I think the equity in Tesla is worth zero”