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Will Tesla Be “Tripp’ed” Up By A Whistleblower?

July 12, 2018

Via: Forbes
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The Tesla whistleblower scandal intensified Wednesday with reports that Martin Tripp’s counsel, Meissner and Associates, had filed a claim on his behalf with the Securities and Exchange Commission. Other news outlets have done an excellent job of reporting on Tripp’s accusations, but my focus is on the potential downside for Tesla shares from an SEC investigation.

Tesla’s stock is less tethered to fundamentals than any I have ever seen, and so the potential involvement of the ultimate truth squad when it comes to reported fundamental data, the SEC, has to be terrifying to those who hold Tesla stock. When a company like GE is investigated by the SEC (as is happening currently) it drives analysts deep into the documents and into their spreadsheets to divine potential downside.

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