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Technology Stocks : Tesla EVs - TSLA -- Ignore unavailable to you. Want to Upgrade?


To: MorganBucks who wrote (10148)6/16/2019 10:45:41 PM
From: FL_Guy  Respond to of 15770
 
How you calculating that "loss"?
Lutz was/ is wrong he was negative on Tesla when they went public, costing anyone that listened 1000% profits



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

Recommended By
FL_Guy

  Respond to of 15770
 
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.