Video Highlights:
- Short – Plug Power, Inc. (PLUG): Missed by 18 cents; missed on sales but re-affirmed some of their long-term guidance; burning a lot of cash; company makes fuel cells for forklifts; numbers look awful; PLUG remains a short
- Short – Tesla, Inc. (TSLA): Hosted their investor day yesterday; big plan was “sustainable energy on Earth with no sacrifices”; no discussion of terms like climate change or CO2 emissions; no cool car or anything; just had to cut prices because inventories are in a vertical climb; TSLA remains a short
- Long - MP Materials Corp. (MP): Down on news from Tesla investor day looking to cut rare earth consumption; not surprising - we covered this in our MP deck; what actually is happening: rare earths are sold out so Tesla is looking for ways to cut rare earths; MP remains a long
