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Money Tesla short says Elon Musk makes Donald Trump look like an angel

16:56  12 november  2017
16:56  12 november  2017 Source:   cnbc.com

Snoop Dogg shares album cover featuring a Trump corpse

  Snoop Dogg shares album cover featuring a Trump corpse Snoop Dogg is writing a hypothetical death certificate for Donald Trump. The rapper alluded to Trump's assassination on the cover for his EP "Make America Crip Again," which recreates Ice Cube's 1091 album, "Death Certificate." Snoop Dogg, who has bashed the President in the past, is posing behind the body that has a tag with the name "Trump" attached to the toe. "The President says he wants to make America great again. F--k that shit. We gonna make America crip again," he raps on the track. However, despite its appearance, the "Gin and Juice" singer said the image was "not a statement or political act." "It's just good music. Certain people feel like we should make America 'great again,' but that time they're referring to always takes me back to separation and segregation so I'd rather Make America Crip Again," he said in a statement obtained by Rolling Stone. When describing what "crip" means, the star, whose real name is Calvin Cordozar Broadus Jr., said he is referring to a time when young black men came together to help their communities. "A lot of people glorify the gang-banging and violence but forget that in the beginning, the Crips' main and sole purpose was to be the reflection of the Black Panthers," he explained. "They looked after kids, provided after-school activities, fed them, and stepped in as role models and father figures.

Tesla is Hoffman's largest short position. " Tesla already has a billion diluted market cap. To say that it is going to trillion is unbelievable." Hoffman said Musk is "full of it" on Tesla 's timeline for autonomous cars.

Breaking into autonomous taxis could drive Tesla shares higher, says ARKInvest analyst Tasha Keeney. But Tesla short Gabe Hoffman isn't buying it. You are using an older browser version. Please use a supported version for the best MSN experience. Tesla short says Elon Musk makes

Elon Musk, CEO of Tesla © Provided by CNBC Elon Musk, CEO of Tesla

Breaking into autonomous taxis could drive TeslaTSLA shares higher, says one analyst. But a short investor isn't buying that idea.

ARKInvest analyst Tasha Keeney said on CNBC's "Closing Bell" on Friday that billionaire investor Ron Baron may not be wrong to believe he can still make 20 times his money on his investments.

"If you look at the opportunity in autonomous cars, which we think is the largest market opportunity Tesla has in front of it, that is quite possible," Keeney said on Friday.

The potential market for autonomous taxi services is actually much larger than the market for manufacturing cars alone, Keeney said. She also thinks Tesla is much further ahead than any traditional automaker in this space. Keeney does not own any shares of Tesla, but ARKInvest owns shares.

Tesla Founder Elon Musk Lost $800 Million This Week

  Tesla Founder Elon Musk Lost $800 Million This Week The downside of owing most of your net worth to an erratically profitable company: Your paper value fluctuates. A lot. After a earnings report that did little to pique investor optimism over the Model 3, shares of Tesla fell, leading to a roughly 7% drop off since Monday. That made Elon Musk’s net worth drop by roughly $800 million over the same period. The billionaire CEO who backs Tesla and aerospace company SpaceX, who owes the majority of his net worth to his electric car company, owned a stake in Tesla worth about $10 billion as of Friday. His net worth is now nearly $19 billion thanks to his $9.6 billion stake in SpaceX, and excluding some liabilities, based on data from Bloomberg. Musk’s net worth has fluctuated by billions of dollars, as investors have increasingly bet on, or against, Tesla’s success. At one point earlier this year, the billionaire was worth nearly $23 billion thanks to optimism surrounding the Model 3. And both bulls and bears have a case. Tesla has been burning cash in a bid to produce its mass market Model 3. It has only posted two profitable quarters in its history as a company. Yet in a letter to shareholders recently, Tesla warned of Model 3 production bottlenecks. s a result, Tesla said it would reach a rate of producing 5,000 Model 3 vehicles at the start of 2018. Previously, Tesla said it would reach the rate by the end of 2018. On the other hand, bullish investors are betting on the future of electric vehicles, arguing some patience will result in a successful Model 3 production ramp, leading to steady profitability. Musk is also in a sense, better off than he was just a year ago. Over the course of the past 12 months, Tesla’s stock has risen 59%. According to the Bloomberg Billionaire Index, his net worth was about $8.2 billion back then.

Breaking into autonomous taxis could drive Tesla shares higher, says ARKInvest analyst Tasha Keeney. But Tesla short Gabe Hoffman isn't buying it.

Breaking into autonomous taxis could drive Tesla shares higher, says ARKInvest analyst Tasha Keeney. But Tesla short Gabe Hoffman isn't buying it.

She maintains that while Tesla makes a few thousand dollars off each Model 3, it could make more than $10,000 a year in cash off each car if they were used in an autonomous taxi service.

At least one Tesla analyst remains skeptical. Gabe Hoffman of investment firm Candens Capital says such claims about Tesla's upside potential are "absolutely ridiculous."

Tesla is Hoffman's largest short position.

"Tesla already has a $50 billion diluted market cap. To say that it is going to $1 trillion is unbelievable."

Hoffman said recently issued Tesla bonds are "trading in junk territory and will get downgraded to junk."

He also said the Model 3 will "complete disaster" both in quality and safety, and that autonomous cars are at least 10 years away, based on what he reads from autonomous technology engineers.

Elon Musk Says This Is Why Tesla Just Fired 2 Percent of Its Work Force

  Elon Musk Says This Is Why Tesla Just Fired 2 Percent of Its Work Force There's a lot to unpack in this message. Here's the good, the bad, and the ugly.And his response was ... interesting.

Don 't like this video? Sign in to make your opinion count. Tesla Motors - Elon Musk -Documentary - Nat Geo - Duration: 48:29. Fares Alahdab 121,259 views.

Tesla is Hoffman's largest short position. " Tesla already has a billion diluted market cap. To say that it is going to trillion is unbelievable." Hoffman said Musk is "full of it" on Tesla 's timeline for autonomous cars.

Hoffman said Musk is "full of it" on Tesla's timeline for autonomous cars.

"Elon Musk makes Donald Trump like an angel," Hoffman said.

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Musk beats deadline for building world's biggest battery .
Entrepreneur Elon Musk has won a US$50 million bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said. State Premier Jay Weatherill said testing of the massive lithium ion battery would begin within days, ahead of the December 1 deadline Musk set for himself when he signed off on the project earlier this year.Musk had pledged to build the battery in the South Australian outback for free if it was not completed within the 100 days. He estimated that would cost at least US$50 million -- local authorities will now pick up the tab.

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