Tesla fighting to show it’s the 2018 version of Amazon circa 2001

Note: This post first appeared on Patreon on 12 Jun 2018

A week ago, I was talking about shares in companies like Tesla going to zero. Regarding Tesla specifically, I was comparing it to Amazon circa February 2001, when Lehman Brothers' Ravi Suria was writing about Amazon’s facing a “creditor squeeze”. And right on cue, Tesla has now announced a massive round of layoffs. Here's how I see it.
The make or break moment for Amazon
Before I get into Tesla's announcement, let's go back to 2001. Here's how I described it five months ago. Focus on the parts I have highlighted in bold.
The denouement came in February 2001 with a negative research note from Lehman Brothers’ Ravi Suria. The Lehman convertible bond analyst covered Amazon because the Internet company had issued convertible debt at the...

As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More