Any company that pays 10 times the value for a bit of ground in Texas and then buys mining machines on borrowed money then sells them for fourpence is unlikely to be successful.
C26 you have a point about taking it private, Michael de Picciotto is on Yew Tree board and he was involved with promoting the investment scam of the infamous Bernie Madoff at one time.
I don't actually think that the tariffs will have much effect on sales since the buyers of theses vehicles can afford them no matter what the price. Whilst it might give Tesla an advantage in the US, the folk who are currently buying Astons don't want an electric ca r. I cannot think of any other ultra luxury car made in the US and our direct competitors (Ferrari, Lamorghini etc.) will go up by the same amount as us so it will not attect our relative competitive position with these. Just my opinion.
RE: Never has a profit warning been so obvious.1 Oct 2024 10:56
Son of Swiss "It could go private". Not so far-fetched, keep the price low, raise a lot from investors to keep the lights on, Stroll, Picciotto and co could build a substantial holding at a low price then make a low ball bid to take it private. Investors would be left in the cold nursing heavy losses. Picciotto has a history with Madoff's ponzi scheme via his involvement with Union Bancaire Privee so is a smooth operator.