beautiful piece from business insider(under news section)...LMAO this guy destroy's TSLA.
Here's my favorite part of it
On the cost side, people are willing to ignore that as long as the demand appears to be there. Costs of their businesses are also extremely problematic. If you take out the zero emission vehicles (ZEV) credits they've never made a profit, and in the most recent quarter they got $68 million from these credits. You back that out and they've got a massive loss again. They've already said they have to wean themselves off these credits and that their ability to sell them is going to diminish relatively quickly. At least what they're saying is that they don't expect much of any by the end of the year. That they believe they can make a 25% gross margin just doesn't add up. ...Their ability to stick to that number, at such low volumes, is very unlikely.
The true "longs" on this board have no problem with this stock dropping 10-20 points in the next week or two. They are not traders like you. They know Musk and Co are going to produce super high quality vehicles for every market segment including trucks within 5 years. which will be affordable for all. Battery technology will make some incredible strides, and this company will dominate. If they wait for all the events to happen in order to justify valuation, they will be buying in @ a PE of 20 when the stock is @ $900/share. That like I say is several years away. That is how long they would have to wait and how much they would have to pay, which is a terrible way to play stocks.
All you shorts ever talk about is what is going to happen tomorrow. That is a fools errand.
Do you turds even have a semblance of how the market functions? 30% in a day? You think just because a stock doubles in a month it has to drop 50% in a week for the stock to make sense?
The stock is not going down because some recent graduate analyst explains the business model. Stock markets are built on emotions and irrationality. King Ben is the most irrational impetus to hit stock markets in recent memory and until he decides to let Congress sort out the mess this stock market is going to go ballistic ala 2009-10.
Expect to see stocks not only slightly surprise to upside but totally blow out upside. This market and this stock will not have dramatic falls until we start seeing 2 to 3% daily stock market moves and 10-15% individual stock moves on seemingly no news while CNBC tries to explain the large gyrations.
TSLA has dislodged itself from the markets and is on it's own on this parabolic runup. Yes a 30+% decline is to be expected when the funds find there is more money shorting it then squeezing it.
Seen it over and over. Of course I am "wrong", just like I am "wrong" every time I join a board and preach doom, but in the end I am right. LOL...funny how that is.
Pump and dumps are so easy, just watch the borrowing rate to short it and you can find the top(free hint for ya)
I don’t know how anyone can seriously bash this company. They recorded $93.4M in automotive income last quarter. $67.9M was from ZEV credits, $17.1M from GHG credits, and $2.4m from Toyota and Roadster sales. That means that Model S sales raked in a cool $6.0M in gross profit. And while this equates to a modest gross margin of 1.3%, at least it’s positive, and shows that they’re well on their way to 25%. Where are the naysayers now?
What you say may be true but wait for a tweet and your analysis and the herd soon part company. This is a sea saw battle. But if this is going down why the resistance when the sell offs reach $13-14 off the previous highs. California is in a mini-boom, home prices are up, Silicon valley is awash in investor capital gains. I think they will have a nice summer sales season coming up. Despite the valuation this baby could take off again anytime with a positive announcement and a generally up market.