Tesla’s demise could bring down the whole ‘house of cards,’ warns strategist
May 22, 2019 at 15:58 PM EDT
“It’s all so embarrassing,” says Bill Blain, strategist at London-based Shard Capital, which oversees more than $1 billion in assets. “Peak Musk” has come and gone, he warned in his Morning Porridge note Wednesday. The negativity, sales concerns, ongoing capital burn... he sees it’s all coming to a head.