Thread by @bobbyjoejimjack

01 I’m old enough to remember the Q2 conference call. The stock had bottomed couple of days before in the 270s after falling 100 points in the last 6 weeks. Now 3 months later and the stock is about the same level. What has happened since? A lot, so much so that I’m sure some of

02 this is out of chronological order.
The earnings were horrible, huge cash burn, crap production except for 5k the last week of Q2, but Elon was semi apologetic on the conference call,

03 This had the bulls all lathered up, since he was coming off the original pedo comments, he was clearly a changed more mature man. Also on the call, Elon made the wildly insane claim that Tesla did not need to raise, and would be funding itself from cash flow going forward.

04 The next day the stock gapped up huge and the Liz Clamans and Jim Cramers of the world made fun of the bears.
The stock was starting to roll over again when Elon made his infamous $420 tweet sending it to Mars.

05 From there the stock has again melted down, this time 140 points peak to trough. According to the pundits, short sellers never manage to make any money on these giant dips but do lose every time it goes up.
Part of the meltdown was because people almost immediately decided

06 Elon was lying about the $420. It was just too preposterous. Except for of course Ross Gerber, Cathie Wood, and Jim Cramer, all of them totally believed the $420.

07 recall Cathie even felt short-changed by it, and made a couple of TV appearances to explain her clownish thinking of why Tesla was going to was it $4k? The TV talking heads did not laugh at her.

08 What else has happened in the last 3 months? News came out that the burst week 5k production was 80% unsaleable and needed to be reworked. $TSLAQ air and ground forces documented multiple locations housing thousands of “built to order” Teslas baking in the summer sun.

09 Elons girlfriend invited a friend over for weekend at Elons, and then didn’t hang out with the friend. The friend told a crazy tale of drugs and the $420 being a made up number to impress his girlfriend. Basically this whole tale would later be proven true.

10 Tesla did a cut-the-line, weekend sales event for people to buy a made to order car. Not in line? No problem, if you have cash you can have a car.
More and more people were able place an order for a car with a multi-month backlog, and take deliver within days to weeks.

11 NUMEROUS reports popped up in pro-Tesla forums of people paying all their money, then getting their order canceled, or delayed into Q4, but not getting their money back. VIN numbers got switched as their car got sold elsewhere.

12 Elon claimed delivery hell was at least partially because there was a shortage of car haulers and that Tesla was making it’s own car haulers. Vaporware. Ready to go car haulers were quickly identified by $TSLAQ research.

13 A handful of Teslas got impounded by Union Pacific in, Utah I, and not until this was revealed on social media did Tesla get them freed.

14 When too many people complained about not getting their Teslas repaired in a timely fashion thanks to a long wait for parts from Tesla, Elon blamed the repair shops and promised to move car repair in-house.

15 Elon went on a hastily arranged Thursday night Joe Rogan podcast where he smoked weed. The uproar overshadowed the news the next day that the 2nd Tesla chief accounting officer within a year had left. This one after barely getting his foot in the door.

16 So many other Tesla executives departed that you need a very big spreadsheet to keep up with them.
Elon doubled down on calling a hero cave diver a pedo, including the logical idea that he must be a pedo or he would sue me. The diver sued Elon.

17 Tesla board member Cletus Musk appeared on CNBC and touted eating and his support of his mouthy brother.
Elon decided it was a good idea to thumb his nose at the most stupidly lenient settlement ever by the SEC.

18 The market thought otherwise. Elon quickly changed his mind. The settlement was delayed by a federal judge, which set more mature Elon on twitter tilt, dissing the SEC. The SEC decided this was OK and didn’t change the settlement.

19 Tesla made a clerical error, like we all do from time to time, and forgot to pay $655k in taxes it had collected from it’s workers. They paid it, but not until Q4.
Tesla had an all hands on deck, sell sell sell, channel stuff last week of car selling.

20 Smaller news, another Tesla attacked another helpless firetruck. Speaking of fire, another fire broke out at the state of the art Tesla factory in it’s state of the art trash pile.

21 A few Tesla’s lost their bumpers after driving into ankle deep water. Many more lost their wheels after, umm, just because.

22 Whistleblowers. I think our Q3 WB was the security guy that said the cartels were running drugs out of the gigafactory and millions in scrap went missing.
An earlier WB tweeted a list of vins that supposedly had batteries in them that should have been scrapped.

23 What’s crazy is I’m forgetting tons of stuff, which hopefully will be chronicled in the comments. Still, this is a lot of insanity for only 3 months.
After all that, the stock trades at the same price, but the business is much worse off.

24 The backlog of profitable configs is gone. Billions in liability have been added from the $420 tweets. The Tesla brand has been and continues to be dragged through the mud, by Musk antics and the alien juggernaut lemon factory. That's all the past though.

25 Tesla is about the future. A future where ZEV is $0. A future without enough cash to pay the bills. A future with a muzzled Elon with new board members. A future WITH competition entering the EV market from all directions. For a short seller