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Technology Stocks : Tesla EVs - TSLA
TSLA 260.17+1.8%4:00 PM EDT

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To: MorganBucks who wrote (10148)6/16/2019 11:12:31 PM
From: kidl1 Recommendation

Recommended By
FL_Guy

   of 10755
 
Lutz was/ is wrong he was negative on Tesla when they went public
Simply not true.Back in the early days, Bob Lutz was a champion of Tesla and Musk, citing the Roadster as a major inspiration for the Volt, and saying that he would “always owe them a debt of gratitude for having kind of broken the ice.”

Lutz turned negative on Tesla a few years after the IPO (2014?) when it became clear that Tesla would remain a cash burning monster for many years to come. Those who got in on the IPO and got out when Lutz turned negative, did well. Those who stayed in, now find themselves with essentially a zero 5 year return as the SP is pretty well where it was in 2014.
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