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

Tesla Q2 Deliveries Beat; Demand and Profit Trends Less Clear

Tesla: When a Spartan Diet + $2 Billion Isn't Enough

Bond Angle, LLC

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

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<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/093/375/original/tesla%20GA4%20tent%20%20%20%20source%20%20%20Stephen%20Lam%20Reuters.jpg?1563394610" class="editor-image img-responsive" data-smartkarma-image-id="93375"></figure><div class="content-caption">Tesla GA4 tent. Stephen Lam/Reuters</div>CNBC filed a <a href="https://www.cnbc.com/2019/07/15/tesla-workers-in-ga4-tent-describe-pressure-to-make-model-3-goals.html" target="_blank" rel="noopener">scathing report</a> this week detailing serious problems at the <a href="https://www.smartkarma.com/entities/tesla-motors-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla Motors (TSLA US)</a> GA4 tent, a supposedly temporary solution set up in the parking lot last year to ease Model 3 production constraints at the company's primary manufacturing plant in Fremont, California.Even more troubling, as I long have warned, is that the problems CNBC uncovered really aren't new. Tesla's troubles also are no longer about being a quirky start-up still figuring things out as it goes. This is a $45 billion company now more than sixteen years old and more than a year into full-scale production capability for all of its models that it's expanding across the globe.Tesla denies CNBC's findings, <a href="https://www.businessinsider.com.au/tesla-workers-took-shortcuts-used-electrical-tape-model-3-goals-2019-7" target="_blank" rel="noopener">telling Business Insider</a> they are “misleading” and that it has “dedicated teams” that “track every car throughout every shop in the assembly line.”<blockquote>“In order to ensure the highest quality, we review every vehicle for even the smallest refinement before it leaves the factory. Dedicated inspection teams track every car throughout every shop in the assembly line, and every vehicle is then subjected to an additional quality control process towards the end of line. And all of this happens before a vehicle leaves the factory and is delivered to a customer. This applies to all areas of the factory, including our operations at GA4, and it’s why Tesla is able to build the safest and best-performing cars available today,'' the company said in a statement."</blockquote>Gee, who should we believe? If only there was mounting evidence from multiple sources showing Tesla has a long history of serious and escalating problems with its working conditions, plant safety, quality controls, and management oversight which already have cost the company millions of dollars in fines and settlements and yet no signs of being convincingly resolved.Hint: there is. Lots, as I've been warning since last year.Read on for Bond Angle analysis.

Tesla GA4 tent. Stephen Lam/ReutersCNBC filed a scathing report this week detailing serious problems at the Tesla Motors (TSLA US) GA4 tent, a supposedly temporary solution set up in the parking lot last year to ease Model 3 production constraints at the company's primary manufacturing plant in Fremont, California.Even more troubling, as I long have warned, is that the problems CNBC uncovered really aren't new. Tesla's troubles also are no longer about being a quirky start-up still figuring things out as it goes. This is a $45 billion company now more than sixteen years old and more than a year into full-scale production capability for all of its models that it's expanding across the globe.Tesla denies CNBC's findings, telling Business Insider they are “misleading” and that it has “dedicated teams” that “track every car throughout every shop in the assembly line.”“In order to ensure the highest quality, we review every vehicle for even the smallest refinement before it leaves the factory. Dedicated inspection teams track every car throughout every shop in the assembly line, and every vehicle is then subjected to an additional quality control process towards the end of line. And all of this happens before a vehicle leaves the factory and is delivered to a customer. This applies to all areas of the factory, including our operations at GA4, and it’s why Tesla is able to build the safest and best-performing cars available today,'' the company said in a statement."Gee, who should we believe? If only there was mounting evidence from multiple sources showing Tesla has a long history of serious and escalating problems with its working conditions, plant safety, quality controls, and management oversight which already have cost the company millions of dollars in fines and settlements and yet no signs of being convincingly resolved.Hint: there is. Lots, as I've been warning since last year.Read on for Bond Angle analysis.

The Trouble With Tesla's Arrested Development