What matters is cash flow! As long as you have cash flow, the market doesn't care how much money you lose, because not even an idiot would think Tesla is worth north of $200 per share, but cash flow is king.
Goldman Sachs trying to get as much money for themselves as they can by upgrading this company that has never made money just so they can make more money by being the lead underwriter in the secondary offering. How is this #$%$ legal?
No company is stupid enough to pay $28 billion for a company that has never made money.
So they are going to spend $2.2 billion this year, and they don't have the money to do this. That means that they have to raise money through debt offering and stock issuance, either way it hurts the current shareholder of the stock. It's going down by at least 15% from $212.
This is getting ugly.
Model 3 will cost more to make and cost more to buy. Forget $35,000, think more like $50,000
Just like before, nobody is getting a model 3 at $35,000. It's going to be more like $45,000 or more.
You are right, but this is no Amazon. How many product lines does amazon sell? How many $100,000 items does Amazon sell, or even $35,000 to $40,000 items? Not any. This sir, is no Amazon.
The company has never done anything but lose money. That could be just one reason.
All I know is that Chanos is winning right now, and even if he covered his shorts right now, he'd still be right. He's doing great on his short.
Do people realize that it is going to take forever to charge these cars at home unless they install a 240v by an electrician? This will cost an extra $3,500 to $5,000. I don't think people thought about this when they put down their huge $1,000 refundable deposit.