Extreme opinions about Tesla are completely wrong — here's why (TSLA)

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Tesla is about to enter yet another critical moment. The carmaker will report first-quarter earnings next week, and after two consecutive quarters of profits, analysts expect a loss — and they’ve been guided toward that prediction by CEO Elon Musk himself.

Tesla shares have slid 12% year-to-date, and at about $270, they’re far, far away from the now-notorious $420 price that Musk proposed to take the company private last year. Tesla also didn’t climb above $350 a share this year before it had to cover a convertible bond payout, so the carmaker took care of the bill with over $900 million in precious cash.

That just the tip of the troubling iceberg, too. Tesla reported lower-than-expected vehicle sales for Q1 (although 10,000 cars were in transit to owners and weren’t counted in the total), disappointing investors who had seen almost 250,000 vehicles delivered in 2018.

Read more: Tesla isn’t the next Theranos — here are 10 reasons why

I won’t go on, but the bad news has invigorated Tesla bears — both professional investors such as hedge-fund manager David Einhorn, who has been short Tesla for years, and the ad-hoc “#TSLAQ” community that congregates on Twitter, widely discussing Tesla’s impending