No debt, but seems to be doing poorly:
Profit Margin (ttm): -11.53%
Operating Margin (ttm): -1.63%
Return on Assets (ttm): -1.04%
Return on Equity (ttm): -15.83%
Qtrly Revenue Growth (yoy): -7.20%
Net Income Avl to Common (ttm): -27.05M
Diluted EPS (ttm): -0.48
... but not for long, reverse split sets up almost $1.6 authorized shares for dilution.
And this after the company said they would reduce authorized shares in the Pre-14C
Management is super sleazy,.
Audi, BMW, Daimler, and General Motors are leading the way toward autonomous driving, according to a new study from Navigant Research.
Fully automated vehicles that operate themselves with no driver present "are still a decade away," according to Navigant. Yet, automakers will begin adding the "incremental systems necessary as a foundation for the related technology" in the next five to 10 years.
Navigant ranked each of 18 vehicle manufacturers according to several criteria and, based on their scores, grouped them into ranked categories.
After the Leaders group of four, Navigant ranked Contenders including Volvo, Ford, Toyota and Honda. The Challengers group included Nissan, Jaguar Land Rover, Tesla and Hyundai/Kia. The last group included Fiat Chrysler, Mazda, Renault, PSA Peugeot Citroen and Mitsubishi.
Thanks for the post, I went and read the article. The Tesla Model S was evaluated and the LAPD went instead with BMW. Major win for BMW. More competition for Tesla every month.
Yes, but Elon will have to be restrained to do it.
His egotistical bet big schedules, falcon doors, etc
is what is pushing quality considerations aside.
Adults need to step in and supervise Elon.
He is making very stupid decisions that put the company at risk.
Tesla needs to take a breath, slow down and renew its commitment
to innovation and quality.
Regardless of who owns NTI ( which I assume is Krystul and friends ) it is being paid for licensing fees with stock if options are excercised.
NTI License Fees
The Company’s principal assets are licenses for product sales with NTI, an entity under common control. During the three months ended March 31, 2016, the Company extended all its licenses with NTI until December 31, 2020. The consideration given was 2,240,000 Series B preferred shares and 157,300,000 Series B preferred share warrants with a total fair value of $502,104 and a note payable of $1,500,000 due by February 12, 2017. During the year ended December 31, 2015, the Company issued 420,000 shares of Series B Preferred Stock valued at $102,480 as consideration for its licenses with NTI. The notes payable – related party was repaid through cash payments of $439,000 and the issuance of 40,000shares of Series B Preferred Stock valued at $150,000. During the year ended December 31, 2014, the Company issued $2,500,000 of notes payable – related party as consideration for its licenses with NTI. The debt was partially repaid through cash payments of $420,800 and issuances of 8,113,116 shares of common stock valued at $872,160.
During the three months ended March 31, 2016, the Company made principal payments of $169,000 on its note payable to NTI related to the 2014 acquisition of the Added Applications license rights. The note matures on March 31, 2017, does not bear interest, and no payments are required prior to maturity. As of March 31, 2016 and December 31, 2015, the balance of notes payable – related party outstanding with NTI was $2,631,491 and $1,300,491, respectively.
The Company also has an option (expiring December 31, 2020) to issue a controlling stake in the Company amounting to 52.5% to NTI for a perpetual exclusive license to manufacture and sell Nanotech Products for all North America, South America and Europe. If this option is exercised, the Company will have a similar option for the territo
Right. They dont want anyone confirming how there's little going on except some assembly work. There is no cell manufacturing taking place.
They dont want someone seeing large open unused areas of the majorly downsized factory.
There's a reason there are no partners for the gigafactory. No one else believes Musks line of nonsense.
While the paying off of some debt is good news, losses persist:
Profit Margin (ttm): -8.31%
Operating Margin (ttm): -10.61%
Return on Assets (ttm): -3.62%
Return on Equity (ttm): -10.97%
Qtrly Revenue Growth (yoy): -16.70%
Net Income Avl to Common (ttm): -68.97M
Diluted EPS (ttm): -3.03: 1.66
Total Debt (mrq): 534.91M
Operating Cash Flow (ttm): 32.89M
Levered Free Cash Flow (ttm): -402.48M
Some of the above numbers will improve with reduced debt load, but problems
and losses will seemingly continue for the foreseeable future.