Powerwall, Powerwall, Powerwall. Question: When will Tesla be profitable? Answer: Sales of Powerwall units are crazy off the hook. Next question please.
tema, you are thinking about old fashioned GAAP earnings, while most "investors and analysts" are into earnings which count all the revenue but only the expenses they want to count. Musk is a modern day guy so GAAP doesn't apply to him or the Eloons.
Welcome to Eloon world where tweets are far more important than earnings. And vision is more important than earnings, and, and, well you get the picture.
The SEC has rules about discussion of "earnings" but financial writers ignore them routinely. Whatever Benioff says is earnings becomes earnings in the article. Fact is that SalesForce has never had bottom line, real GAAP earnings. This writer is deliberately trying to mislead.
For a slick CEO, beating"earning" is as easy as 1 2 3. First they don't even have any real gaap earnings. The "earnings" you refer to are excluding certain expenses counted for gaap. In business 15 years and not a nickel of profit.
So the stock went up. Does that mean Tesla doesn't have any R&D expenses today? If you reply, please stay on topic.
The BIG question is where will Elon get the money to keep going. Stock offering or bonds? At what price or interest rate? Elon has missed almost every financial projection he's made but he just keeps on going like the energiser bunny. Fascinating to watch the losses mount and the Tesla fans just shrugging their head and saying "so what".
I would guess that many more"disruptors" fail then succeed. Additionally, the disruptors that succeeded likely weren't in industries as capital intensive as auto manufacturing. Time will tell.
Yes, shorted twice and made a few bucks. Into my 3rd short and at this point I've given back first two winnings. I use gambling terms because that's what it is with Tesla. No earnings, massive near term capex and little money in the bank. Elon is now at the mercy of lenders and or new stock offerings. The first wave of cult buyers has passed, so sales to the I don't care what the cost is group is almost gone. I've been investing for about 40 years, mostly emerging markets, and just find the whole Elon and Tesla story interesting.
But, but, EVERY car manufacturer has large expenditures for R&D. It's the lifeblood of the industry.
What's a dip? Could you be specific. I keep reading about "buy on the dip" Is the dip a %, or is a dip a $ amount.
Leroy is saying the stock will go up in the future because it has gone up in the past. That's his investment thesis.
Excellent description. Hard to believe something like this is still so easy to pull off by Bloomberg. Wonder how much money Wall Street insiders made on this nonexistent takeover rumor.
What about the losing money every quarter, every year, every car sold part of the once every 100 year story?
Not to be picky, but 400 X Tesla earnings is, take your choice, zero, nada, zilch.
If Tesla longs aren't obsessed with buyouts why the constant chatter about a buy out by Apple? There is no evidence of substance to it but the rumors keep popping up in the news. The Google non-story was worth 4 days to you guys, and last week a Bloomberg writer had the most ridiculous article of all---he recommended to British Petroleum that they buy Tesla. If you're not obsessed, many of your Tesla advocates are, and again, I ask why? Reread your post. It doesn't say "a", it says "the" buy out, which I remind you does not exist.