Tesla (the business) is failing. That's why this is a stock scam.
But you bring up a great point. People here, including the longs, should step back and watch how the entire media seems to eat up everything Elon says and never question it.
Elon claims he's going to build a massive solar powered factory. Why? Just to increase the losses and burn more cash for no reason? It doesn't take much thinking to realize that a solar power factory is going to cost more money to build and operate. If solar saved money then other companies would be building solar powered factories. Even factories that make solar panels are not solar powered.
The media won't question Elon. Therefore investors should be MORE cautious in my opinion.
"Which is it? Failure or pie-in-the-sky?"
Both. Pie in the sky means that a preposterous goal has been set, a goal which will meet failure. Or, two things needed to keep this dream going are a strong investor in the gigafactory and government funding.
You mean like the record sales in Norway story? Oh wait, that was fact.. Regardless of what is said, implicitly you agree something will be said which means the price will go up. That's all that really matters.
sorry kam, this thing is heading lower... even Musk himself admitted that TSLA stock was likely overvalued weeks ago. It's not Elon's job to say things that make the stock rise, as you will soon find out... my goodness TSLA retail shareholders are unsophisticated...