Greenlight Capital's David Einhorn likens Tesla to Lehman Brothers

submitted by magnora7 from reuters.com

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[–]allie 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

I've never found Elon's PR and Elon's shills convincing.

[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Who is the Goldman Sachs of electric? Is there any serious competition?

This fits nicely with my theory that Musk is deliberately driving the stock price down. He'll come back in 3 years and the stock will split.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I think unlike banking and oil, electricity is more regional. So there might be a biggest electric company within a nation, but I don't think there are many trans-national electric companies like there are for oil. I could be wrong, but that's the impression that I get.

I found this list that kind of backs that idea up: https://www.investopedia.com/articles/investing/022516/worlds-top-10-utility-companies.asp

[–]Tom_Bombadil 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

This Lehman analogy is bizarre.

Lehman was an investment bank that gambled it's assets. Hank Paulson was the Treasury secretary for Bush, and the former head of Goldman Sachs. He deliberately destroyed Lehman, and quickly bailed out AIG and Government Sachs, and many others. Lehman was a revenge kill.

Tesla is an auto manufacturer, which produces a value-added product that has very favorable reviews.

They may both have accounting problems, but beyond that how are they similar?

I am mystified as to why various groups are trying to sabotage the Tesla stock value.