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rolosrevenge
Dr. EVS
This makes me happy. I'm glad that after his own misguided advice has cost him a fortune and he's lost his Swiss castle, he still stubbornly sticks to his guns.
Funny. Bought a fistful of options today before you posted JP had written an article. Love that I front ran him this time.
I will say something positive about JP since the karma in this thread is pretty rough. I had messaged him about comparison companies for Tesla several years ago, in terms of valuation and profitability, which I couldn't really think of any good ones. He mentioned Amazon, which I think he meant in a bad way, but I still think it was a great comparison and it is still one of the best comparisons today for Tesla IMO (and ironically AMZN has also gone up a few hundred percent since then).
Still wonder what his deal his, seems like he has an axe to grind for some reason(s). Too bad really because he seems like a fairly smart guy with some real experience.
Still wonder what his deal his, seems like he has an axe to grind for some reason(s). Too bad really because he seems like a fairly smart guy with some real experience.
Look up Axion Power. He was deeply invested in it and Tesla with their Li-Ion batteries were going to upend their world back in 2010
Yeah I remember that, but I thought they went bankrupt or something and he would have moved on by now. Guess it was a big hit.
RobStark
Well-Known Member
Sorry to be picky, but you forget that AXPW did not one, but two, reverse splits. They did 1:50, and 1:35. Their IPO price, of what would today be a single share, was about $21,000.
'a tale of momentum & inertia'
for the benefit of TSLA shorts living in retro-castles:
for the benefit of TSLA shorts living in retro-castles:
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
smorgasbord
Active Member
It's been almost 5 years since Petersen posted (http://seekingalpha.com/article/296...the-balance-and-found-wanting#comment-1942657):
So here we are just a couple weeks away from the 3rd anniversary of his prediction, with Tesla over $200 and Axion (pre-reverse-split) at $0.00001 How many orders of magnitude wrong is that?
adiggs
Well-Known Member
Looks like 7 orders of magnitude wrong. That's so wrong, our human brain has a hard time grokking just how big that is. That's 4 orders of magnitude beyond "become a millionaire by starting as a billionaire and starting a car company / airline" (which is only a 3 order of magnitude value destruction). Do that twice (turn billions into millions), and then lose another order of magnitude.
SebastianR
Active Member
I'm confused. Is Axiom Power the same as Axiom Energy?
Tesla co-founder and CTO JB Straubel invests in new energy storage startup Axiom Exergy
Edit: Ah Axion vs. Axiom if I understand correctly. Was worried there for a sec. Will leave the post in case anybody else makes my mistake.
Tesla co-founder and CTO JB Straubel invests in new energy storage startup Axiom Exergy
Edit: Ah Axion vs. Axiom if I understand correctly. Was worried there for a sec. Will leave the post in case anybody else makes my mistake.
Just in time for Halloween, like a zombie rising from the grave, he's back, and he's coming for your brain.
http://seekingalpha.com/article/401...nting-tomfoolery-meets-regulatory-shenanigans
http://seekingalpha.com/article/401...nting-tomfoolery-meets-regulatory-shenanigans
i always follow someone who's company did a
1:35 reverse split, then a 1:50 reverse split, then a 1:400 reverse split
for a cumulative
1 share for every 700,000 you used to have, and is still 1 cent per share
as a cautionary tale
adiggs
Well-Known Member
Just goes to show that there really ARE numbers much smaller than 1 cent
Nice of John to show us that.
So all he is basically saying is if California didn't have an environmental mandate and the ZEV credit program, Tesla wouldn't be as successful as they are. Well, they do have it. So, is he lobbying against the ZEV credit program? Oops, Quebec and other places are also introducing such programs. The argument foisted in the article (which you can read without registering if you view the Browser Source) is trite, it just goes on and on, that's all.
The desperation amuses me.
The desperation amuses me.
Johan
Ex got M3 in the divorce, waiting for EU Model Y!
AXPW market cap today exceeded 1 million dollars! (Imagine Dr. Evil saying "one MILLION dollars")
Petersen is still trying to beat down the Tesla. It's funny and sad at the same time. How many angles has he tried to attack Tesla?
1. Electrical grid
2. Life cycle assessments
3. Resource depletion
4. Finances (this can be broken down into like 10 separate sub-items)
5. That the early adopters would consume demand and then demand would vaporize
6. Car fires
7. The ZEV credits
8. Gigafactory
9. The "recalls"
10. Arguing about resource depletion and how short range hybrids/EVs would be better (despite no understanding that the batteries operate differently)
Those are just the ones that come to my mind, sure there are others.
Looks like the past 5 years with him and Tesla have been "the throw spaghetti on the wall and see what sticks".
Think he's cried wolf too many times and lost all credibility.
1. Electrical grid
2. Life cycle assessments
3. Resource depletion
4. Finances (this can be broken down into like 10 separate sub-items)
5. That the early adopters would consume demand and then demand would vaporize
6. Car fires
7. The ZEV credits
8. Gigafactory
9. The "recalls"
10. Arguing about resource depletion and how short range hybrids/EVs would be better (despite no understanding that the batteries operate differently)
Those are just the ones that come to my mind, sure there are others.
Looks like the past 5 years with him and Tesla have been "the throw spaghetti on the wall and see what sticks".
Think he's cried wolf too many times and lost all credibility.
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