500,000 is the same as 300,000 totally made up nonsense based on nothing.
Jonas can change the number back to 500,000 or 600,000 or anything else he needs it to be.
The house of cards is trembling now.
The unbridled growth model has lead tesla into massive debt. Sales targets are not being met.
Example: The insatiable demand for EVs in Germany was going to mean 10,000 Tesla sales there. Last month they moved 57 units.
According to Adam Jonas ( a Tesla bull) Tesla will miss sales by 200,000 units.
That means the giga-factory will become a massive money loser. The entire business will be selling only 330,000 units.
And yet we're supposed to like this stock ???????????
Suggestion: Start accompany. Lose money for 11 years in a row. Go public. Then talk to MS and see if they will pump your stock into the stratosphere.
((( Cash Burn Rate, and Lack Of Sales )))
So far Tesla has been able to make sales by offering special financing and other enticements.
The quality of sales has deteriorated some. The current buyers are less motivated. If future buyers sense better deals are coming then Tesla will need to sweeten the pot. This suggests the losses will continue.
((( Tesla's stock falls to 7-month low after Morgan Stanley cuts Model 3 volume estimates )))
Yup. The drop is due entirely to Morgan Stanly. That's it people. Good ole Jonas sais BOO !! and the long ran for cover.
BTW the decline started long before MS downgraded Tesla.
Almost everyone who sells luxury sedans in China stretches them. Most wealthy Chinese people have drivers. The driver sits in the front and the owner rides in the back seat.
((( half a million deliveries in 2020. )))
They are spending $5 billion to make batteries for 500,000 cars.
Stop. Look around. Look at the vast number of electric cars that are not being sold. The entire EV market is maybe 100,000 per year. How does Tesla capture 100% of that ?
Here's a question - why doesn't Tesla pour on the overtime and make more cars ?
Answer: there is no demand. This company is not making money.
They are adding complexity to the line with the AWD cars. That was needed for a reason IMO - to spur demand.
I am not following China that closely because Elon makes it difficult to get information.
The departure of Veronica Wu suggests a debacle. We'll see,
Why is this failure okay? They promised 35,000 deliveries. That's not much. Almost every car company with a market cap over $1 billion does that. Why can't Tesla?
((( Yeah, i'm sure Tesla will meet the projected 53,000 cars sold for 2015. ))
I hope that is sarcasm.
Tesla has run out of new markets. Sales is the mature markets have dropped. Sales incentives are helping volume but the losses are growing.
35,000 sales in 2014 has been abandoned.
(( A recent study of Project Better Place's plan by Deutsche Bank concluded that not only can it be financially successful, but that it has the potential to "wipe out gasoline cars.)))
Thanks for the laugh.
In the time it takes to read that sentence Exxon producers more wealth than all of the welfare-green-energy scam corporations will ever produce.
((( 33,000 is still probably going to happen, )))
The original goal was 35,000.
((( although it will take 3000+ US December deliveries to do it. )))
This company is a money loser. It's a short term money loser and a long term money loser.
((( I'm all for falling oil prices but this is getting out of hand. ))))
Cheap oil hurts Tesla. Strong dollar hurts Tesla.
The easy sales are pretty much done. Now Tesla has to roll up it's sleeves and make deals.
The latest comments from Saudi Arabia are incredible. They are basically saying they intend to flood the oil market and drive the price down. They are telling everyone to drill drill drill.