Everyone thinks Prius battery can last 8 years or more Tesla should also. Couldn't be more wrong. Burden on all electric car battery maybe 10 , 20 times more taxing.
There are already consumer complaints on Tesla drive system. Its really a battery problem they are not calling it battery problem.
Those lithium batteries heat up fast. Older batteries are particularly dangerous. And they lose capacity over time. Anyone got Tesla's battery service record ? Reputable car companies are moving away from lithium battery.
This is a richman's gov't subsidized toy. The short range makes it impractical for just about anyone who has to commute to work. You can't even take a weekend vacation with it.
Really not important how profitable they will be. The bleeding stops. Bankruptcy out of the picture.
Penny will be bought out by companies that seek growth. Chains like TJX, Ross........a dozen others. have no room to grow. They must make acquisition to maintain growth or their stock valuation become stagnant (already).
20% rally on 10 times volume. Most likely cause is Imet's orphan and fast track status is near approval with FDA. Or there are more complete remission cases at Mayo Clinic. Someone will go to jail for this. Insider trading.
Just a theory. New shares had to be rationed. Investment funds didn't get no where near the amount they want to buy. So they bought in the market. This happens quite often.