,
12 tweets,
3 min read
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1/ Short thread on the leaked $TSLA email. First question: is it real? I'm assuming it is. 
2/ Second question: was it twitter sitter approved? Hard to say, but I'll guess yes. Musk runs the show at $TSLA and can get just about anything he wants.
3/ Third question: what does it mean? I'm with @orthereaboot. It's carefully crafted to be misleading. Are "orders" same as "deposits"? Do "orders" include used car purchases? The ambiguities are deliberate.
4/ Fourth question: was it designed to be leaked? I have little doubt about that. For one thing, the leaker worked hard to establish his credentials as a $TSLA employee. For another thing, every internal email to all employees is leaked...
5/ And for another, and most important thing, Musk absolutely had to do something to counter the narrative that has taken hold after the devastating Adam Jonas call yesterday. stamfordadvocate.com/technology/bus…
6/ Even without the Jonas call, Musk had to shift the focus away from this devastating news from Consumer Reports: consumerreports.org/autonomous-dri…
7/ Now, most importantly, what does the email mean for $TSLAQ traders? It means this: As always, brace yourself. The rat is cornered. There will be more pumps. Desperate times require desperate measures...
8/ But in the long run, the email changes nothing. $TSLA won't deliver 90k cars in Q2. It will miss its own endlessly reiterated guidance. Will it deliver even 80k? Maybe, with continued price slashing and another subsidy cliff...
9/ Just take a look at the European data to see what's in store for $TSLA. The S & X are being crushed by offerings from Jag & Audi, with Porsche & Mercedes on deck...
10/ The Model 3 is a grand exercise in brand destruction.
11/ Will $TSLA show a Q2 profit? Not a chance. Q2's financials will be a catastrophe. Perhaps even worse than Q1, despite more deliveries. What does that add up to? A company that is structurally bankrupt.
12/ Adjust your investing horizons, perhaps, to allow your trades to benefit for Q2 delivery numbers & (even more importantly) Q2 financial results. But, otherwise, ignore the noise. Go about your business. Expect more desperate pumps, but tune them out.
