BY TIM KNIGHT at Slope of Hope
Although I’m a dyed-in-the-wool chartist, I appreciate when people make thoughtful conjectures about what’s going to happen to a company, a financial instrument, or a country based on their broad observations. Remember, “speculate” is derived from the Latin verb speculare, which means to observe. Successful investors notice things.
As such, I’d like to share something I’ve noticed. It first started back on July 29th, when I got an email from Elon Musk (errr, not personally, but it a spammy kind of way). It started off like this:
It went on to say, at some length, that for every person I’d refer that bought a Tesla Model S, they’d get $1,000 off, and I would likewise get $1,000 off my next car. Not a bad deal! But it did strike me as a little surprising to get an email like this, since Tesla really never seemed to be hurting for interest in their cars before. And besides, Musk is reported to have a net worth of something like $13 billion, so why is he stooping to use his name on an all-text email solicitation?
Then, about a week later, this showed up:
In this email, it described the same offer, but it kindly included a spammy email that I could send on my own to my friends. So now, not only was I getting spammed, but I was being provided with ready-to-use junk mail I could use as well.
My puzzlement reached critical mass when my Tesla app was updated. I noticed a button I had never seen before:
Ummm……….so precious screen real estate is being used on a button called From Elon? (And, to be clear, this isn’t temporary; it apparently is there forever). I clicked it, and, yep, there was something resembling the