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eyephone said:
Tesla buys solar city.

Tesla makes a fantastic product, but it's a terrible stock simply because Elon Musk can't be trusted. On top of missing production goals - which is largely the basis of their valuation - he misleads investors on major capital allocation decisions. Two qtrs ago on the earnings call, mgmt told investors the co had no funding shortfalls and won't need to issue equity. A week later they issued equity. CFO quit shortly after. Last qtr they pushed production goals yet again, then their heads of manufacturing quit. Now Musk is diluting Tesla shareholders to bail out one of his failing companies. It's like he's pulling out a ponzi scheme right under our noses.

But the product itself is unbelievable.
 
New highs...Will the August swoon of the last 5 year's  show up?  Who knows? What I do know is the media and fear mongers will get the public riled up about something soon...
 

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