Brad Cornell teaches financial economics at the California Institute of Technology.
He is also the managing director of hedge fund SMBP LLC.
Tuesday, January 24, 2017
Tesla is at $250 - Again
Once again the stock is hitting $250. And once again, the fundamentals are largely unchanged. Time to write some more options. The auto business remains low margin with high fixed and capital costs. To make matters worse, delivering the Model 3 at $35,000 seems like a real stretch.