A rational middle ground is hard to hold. But Tesla moderates can take solace in the probability that the extremists are wrong.
" community that congregates on Twitter, widely discussing Tesla's impending bankruptcy. But plenty of bulls have doubled down. Cathie Wood of ARK Invest hasn't backed off on her firm's ambitious $4,000-per-share target, Loup Ventures' Gene Munster remains thoroughly Tesla-positive, and assorted sell-side analysts have re-affirmed buy ratings and price targets above where Tesla has been trading.
This is all good for business. Bulls and bears both need to market their views, and in the auto segment, Tesla is the only chance to use a public company to stake out outlandish positions. Everybody else — Ford, GM, FCA, Ferrari — has a relatively transparent enterprise and has spent the past decade doing nothing but making money. But anyone who wants to rationally assess Tesla needs to block out the noise and locate the signal.
The big short sellers have been, at the macro level, wrong for years. But so have the mega-bulls, with their crazy futuristic visions drawn from Silicon Valley examples, such as Apple and the smartphone business or Amazon and its disdain for profits. That hasn't stopped them from endlessly chasing new angles.I will tell you, however, that's it's lonely in the middle — or scary, as when Odysseus had to navigate between the Scylla and Charybdis.
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