Tesla won't 'ever report another profitable quarter,' former hedge-fund manager Whitney Tilson says

The electric-car maker also last week said it was shifting to online-only sales, and shutting down the majority of its 378 retail stores.

"Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6% on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected," the company said in a blog post.has been mixed, with the majority of analysts holding firm on their previous calls.

"In our opinion this announcement is a potential game changer for Musk and Tesla as the $35k vehicle at profitable margins is a linchpin to the bull thesis in the name and we view this news as a major step forward," Wedbush's Dan Ives said. Morgan Stanley's Adam Jonas was less optimisitic."While this may stabilize the air-pocket in Q1 sales, we're concerned it's a sign of a brand that may be, at the margin, losing its halo of exclusivity," he said."We think the bears have more material to work with than bulls here."

Says the guy who BKed his fund.

Coming from the guy who said 2004 that Google is overhyped. His fund underperformed S&P 500 significantly. Better listen to him (and do the opposite)

“...Won’t ever?” Really? What does he know that the rest of the market doesnt know? Or is he attention-seeking?

I’ll buy you a ham sandwich if he’s not short Tesla.

Says the dude whose 50milli hedge fund died. If you’re taking someone seriously maybe take someone who succeeded at whatever they do. Like, I don’t know..., the dude who built a car company that has grown revenue by over 1000% in a decade.

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