How are they going to build 50K cars a quarter for the model 3?
The short answer is they can't. Anyone that put in for a model 3 will be still waiting for 3 or 4 years!
On 6 November 2015, the company received a notification from the Listing Qualifications Department of NASDAQ advising that it is currently non-compliant with NASDAQ’s requirement that listed securities maintain a minimum bid price of $ US1.00 per share as outlined in the NASDAQ Listing Rules.
Although the price of the ADSs is expected to increase proportionally, the company can give no
assurance that this event will result in the company meeting NASDAQ’s minimum bid price requirement.
THEY CAN"T EXPECT TO HOLD $1 AFTER A 1 FOR 6 SPLIT? WOW!
It appears to me they are just collecting a nice salary for doing basically nothing. They don't show any urgency in doing anything. The mid-year update probably was written by a secretary on her lunch hour. Avoid at all cost!