Doug Kass Not Impressed With Tesla’s Battery Day

Whitney Tilson’s email to investors discussing Tesla‘s Battery Day; Doug Kass re-shorts Tesla; how similar is the VW ID.4 to the Tesla Model Y?

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Q2 2020 hedge fund letters, conferences and more

Doug Kass On Tesla’s Battery Day

1) Neither was Doug Kass wasn’t impressed with Tesla’s Battery Day :

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More

Back Short Tesla

After what I would describe as a disappointing “Battery Day”, which raises more execution issues, I am back in a small short in

Tesla (TSLA) .

Tesla is on my Best Ideas List (short).

Here is my short thesis.

Position: Short TSLA (small)

(Doug’s short thesis from a month ago is below)

2) Pretty funny…

Tesla Model Y Owners Have Found Home Depot Shit Used To Mount A Critical Part

Tesla Model Y vs VW ID.4

3) From a friend:

How similar is the VW ID.4 to the Model Y? THIS similar:

VW comes after Tesla with detailed ID.4 and Model Y comparison – Electrek

The first European deliveries of the VW ID.4 should take place around November 1. The U.S. should be around December 15.

The VW ID.4 is produced in Zwickau, (former East) Germany right now.

U.S. production in Chattanooga is targeted for April 2022.

Chinese production supposedly some time in 2021.

Tesla’s advantages:

    1. Faster charging speed: 250 kW vs 125 kW.
    1. More horsepower, faster acceleration.
    1. Supposed optional 3rd row, if any human being could ever fit in there.

Volkswagen’s advantages:

    1. Quality and service.
    1. Perhaps better instrumentation (no single big center tablet).
    1. Android Auto and Apple CarPlay.

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