Below is a brief note from Hedgeye CEO Keith McCullough explaining why we're adding Tesla (TSLA) to Investing Ideas:
"Jay Van Sciver is adding Short TSLA to our Best Ideas (Institutional Research) list today, expecting underperformance as Tesla’s exciting concepts transition to mundane execution. Concepts, ideas, and vision can easily win the market’s beauty pageant.
Grinding out a cheap version of a high-end platform in a competitive market, with a less tolerant customer and expiring tax credits? That gets ugly.
We're hosting a LIVE call @HedgeyeTV for paying subscribers at 11AM EST."