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3 Banks Funding Fossil Fuels The Most Keep Telling You To Sell Tesla Stock [TSLA]

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Published on November 12th, 2019 |

by Zachary Shahan

3 Banks Funding Fossil Fuels The Most Keep Telling You To Sell Tesla Stock [TSLA]

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November 12th, 2019 by Zachary Shahan

A few weeks ago, thanks to a friendly Tesla fan on Twitter, The Guardian, and Rainforest Action Network, I shared the news that the top 3 banks funding fossil fuel development also — through a different arm — are providing bearish forecasts for Tesla [TSLA] and recommending traders sell the stock rather than buy it. The update this week: despite a surprise profit in quarter 3 and much of the market swinging in the other direction, the Tesla analysts at these top 3 fossil fuel funders are holding steady on their bearish stance and recommendation to sell. [Full disclosure: I’m long Tesla.]

I don’t think there’s much more to say about that right now. As I’ve said before, there’s no indication that there are illegal or immoral doors and windows between the arms of these giant financing companies that are 1) financing fossil fuel development to such an enormous tune and 2) telling you to sell Tesla stock.

Nonetheless, I’m curious if there are certain facets of company culture that are so pessimistic and dirty, if there happen to be some hidden corruption at these banks (gasp), and how it is that some people can willingly choose short-term money over the long-term health and livability of planet Earth. Is humanity so bad at long-term thinking and action?

Also, note that the Tesla analysts for these top financial firms all show losses on their recommendations for Tesla stock. Recommendations from JP Morgan’s Ryan Brinkman have a -14.6% return, Citigroup’s Itay Michaeli is worse at -19%, and John Murphy of Merrill Lynch is a tad better at -12.7%.

Tesla Buy/Sell Graph for Ryan Brinkman of JP Morgan, via Tip Ranks

Tesla Buy/Sell Graph for Itay Michaeli of Citigroup, via Tip Ranks

Tesla Buy/Sell Graph for John Murphy of Merrill Lynch, via Tip Ranks

Any other thoughts on this topic? All just bad luck at these three banks? Or is there a corporate culture matter at play? Or are you ready to jump to conclusions and say that there’s more than simple correlation here? (My pick is #2, but I’m open to other arguments.)
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About the Author

Zachary Shahan is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director and chief editor. He's also the CEO of Important Media. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao.

Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he offers no investment advice and does not recommend investing in Tesla or any other company.

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Rolling Coal Is A Stupid Stunt — And Dangerous

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Published on November 11th, 2019 |

by Johnna Crider

Rolling Coal Is A Stupid Stunt — And Dangerous

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November 11th, 2019 by Johnna Crider

Doing stupid stunts while driving can endanger not only yourself but others around you. I am talking about the wanna-be bad boy (or girl, even) who was driving the pickup truck in a video posted by Tesla Owners of Silicon Valley.

The driver of this truck was driving very aggressively and intentionally coal rolling the owner of a Tesla while on a highway traveling at high speeds. The owner of the Tesla tries to get away, but the truck driver just cuts in front of the Tesla to do it again.

The Tesla’s cameras captured video of the incident, but you can’t really get the plate numbers from that.

In the video, the truck cuts in front of the Tesla and rolls the coal. What this term means is that the driver of the truck intentionally makes the smoke belch from the exhaust into the “face” of the driver behind him. This is considered not only an insult but can also be seen as a direct attack upon the driver behind them.

This is dangerous. As you can see in the video, for a moment, the smoke actually fills up the view and you can’t see anything. Do I need to emphasize how dangerous this could be, especially driving on a highway? Choosing to intentionally do stupid things like this could get you or others killed.

To those who feel the need to coal roll or show off your hatred for a total stranger, perhaps you should think twice. Ask yourself if it’s legal or at least ethical? What’s the point you’re trying to make here? Do you hate Tesla? Why do you hate Tesla? What did this Tesla driver to you to warrant your attack on them? Yes, visually impairing someone while they are driving is an attack. Driving recklessly and spewing smoke in the faces of others intentionally so they can not see is akin to someone attacking you on the streets. How would you feel if you caused an accident that actually took the lives of innocent people?

In an article published by Bicycling, a cyclist shares his experience of someone coal rolling him. “You pretty much get a blast of heat and a blast of black smoke in your face. Unfortunately, you just have to ride through it. It’s frustrating,” Conti told Bicycling.

To be honest, I have been coal rolled on also. I just didn’t know what it was at the time. I don’t think the attack was aimed at me, because the vehicles were honking at one another. I don’t have a car, so I walk, take the bus, or take Uber. Sometimes, these trucks will drive by and the next thing I know I am surrounded in this stuff. I have asthma, so I literally have to hold my breath and not breathe as I walk through it.
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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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