The Model 3 will be coming soon. The Model 3 is a cheaper version of the Model S, a four-door electric sedan. A car design not very popular in America or elsewhere in the world. It is unclear that Tesla can sell it at a price that will make a meaningful profit. Meanwhile, the company is involved in the highly competitive home solar business for which government subsidies are coming under fire and the highly competitive battery business. In many investors’ minds this somehow adds up to being the next Amazon. The stock has risen nearly 70% since December 2015 on virtually no fundamental news. I can see why Mr. Musk suggested that the stock was overpriced. It will be a very interesting next few months as the Model 3 actually begins to appear.
Odey's Brook Absolute Return Fund was up 10.25% for the third quarter, smashing the MSCI World's total return of 2.47% in sterling. In his third-quarter letter to investors, which was reviewed by ValueWalk, James Hanbury said the quarter's macro environment was not ideal for Brook Asset Management. Despite that, they saw positive contributions and alpha Read More