Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Vicki Bryan founded Bond Angle in 2018, after more than 20 years in investment management and research, with a primary focus in high yield and distressed markets and selected coverage in investment-grade fixed income and equity. 

Vicki Bryan's Bond Angle provides insightful commentary and analysis on high yield bond markets and market movers, including financial, economic, and industry catalysts, noted for spotting management stumbles and shenanigans early and often. Follow Vicki at bondangle.substack.com and on Twitter @VickiBryanBondA and LinkedIn.

Founder & CEO Bond Angle, LLC

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Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

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<ul>
<li>Tesla's big miss on Q4 deliveries turned into stalling revenue growth, sharply lower margins, and reduced guidance—as I expected. </li>
<li>As usual, actual profit and cash generated were much lower versus reported, excluding energy credit sales and unusual items. </li>
<li>So with cash burn up and guidance down, what was the mysterious $4.4 billion "investment"? Asking for a bird.</li>
</ul>


Tesla's big miss on Q4 deliveries turned into stalling revenue growth, sharply lower margins, and reduced guidance—as I expected. 
As usual, actual profit and cash generated were much lower versus reported, excluding energy credit sales and unusual items. 
So with cash burn up and guidance down, what was the mysterious $4.4 billion "investment"? Asking for a bird.


Tesla Q4: Stalling Growth, Shrinking Margins, Weaker Guidance, Mystery "Investment"