tyb
speaking purely to the currency swap aspect of it. The tariff issue works both ways as you point out. If the currency keeps dropping then it has moar purchasing power. Costs go up on both sides though. It's still pretty fluid. Peso has advanced quite a bit in last several yrs and it's not like their situation has improved to account for it, financially speaking. All a big game in the FOREX mkts. Black shit going on there too.
sorry fucked that up… been a long day. it returning to a moar normalized value would then make the playing field moar level for both. Can have a moar fair trade balance instead of one way from them to us.
"Elon Musk Is A Charlatan": Fund Manager Slams Tesla On CNBC, Says Company Will Have To Restructure
Fund manager William B. Smith of Blaine Capital appeared on CNBC to offer up his thoughts on one of the street's most talked about names: Tesla.
Blaine, based in Stamford, CT, is short the name and when prompted by the hosts on CNBC to explain his reasoning why it's his "favorite short", Smith didn't mince words. "We've been short Tesla since the low 300's. We believe the company is going to have to restructure," he says. "We believe the company is going to be zeroed out, it's going to be worthless as far as the equity is concerned."
"They have very poor management. Elon Musk is not a genius, he's not a visionary. He's a charlatan, he's a carnival barker. He can not replace any of the massive amounts of management that are leaving the company," Smith continues.
Smith discussed the company's recent capital raise: "They have a toxic balance sheet and while they were able to pull of a recent secondary, that secondary was done at $242 and the shares are right now $179."
He then turns his attention to the Model 3: "If you look at the product that Tesla is actually making now, this Model 3, it is absolute garbage. This is not the 'S' and it's not the 'X'. That's the old Tesla. This new Tesla is being thrown together by hand in a tent. You can't go through a car wash. These things are blowing up all the time. The batteries are incinerating. It is not a quality product."
Finally, he turns his ire to the company's financials: "They have never made a profit in 16 years," Smith concludes.
Blaine Capital, on its website, calls itself "an event driven Investment Manager that analyzes and invests in the public equity and debt securities of companies that trade at steep discounts to Private Market Value (PMV) and Sum-of-Parts (SOP) valuations."
https://www.zerohedge.com/news/2019-06-06/elon-musk-charlatan-fund-manager-slams-tesla-cnbc-says-company-will-have
>Do you two really not know?
really nigga? Just because you or we know doesn't mean the many other new people that come here everyday do. You can beat this in to people and they still can't get it. The difference here is that someone is speaking to this on a broadcast platform-that is what has changed. The guy is short so has his agenda but he's not wrong. Surprised it's taken this long as it was obvious 2 year's ago, actually longer but being generous, that this is nothing moar then a ponzi scheme.
it's dealing with the aspect of FIAT currency and that is still a problem. Get the trade deals in place before they pull the pin on the paper machines and we get a better swap of value. i read that back when I posted it and went..ah no screwed the pooch on that with the lower currency moar power.
They need to be fairly balanced, that ;s why the peso shit the bed on that news.
Lot's to factor and we only have a small bit of what's really going on. forex is the canary as that is so much larger then stocks etc.
Wish I knew the answers to it…honest enough to say I don't know it all.
trips confirm most people had zero idea, just got back from getting some food and people were asking others, what was that again?
fuggen spergs…