Volt outsold Model S in US for October.
Volt 2035 vs Model S with 1900
Tesla has also fallen to 5th and 7th place in France and Germany.
The company only began operating out of a former Nissan research facility in California last year, but already has over 400 workers, and is aiming to have 500 by the end of 2015, news.com.au said. Some of the staff include the head designer of the BMW i8, a SpaceX battery specialist, and a former interior designer for Ferrari. Others have resumes with employers like Facebook, Google, Ford, General Motors, and Volvo.
Unusually, Faraday has refused to disclose the name of its CEO. Its de facto spokesman has been Nick Sampson, a senior VP who previously served as the director of vehicle and chassis engineering for Tesla.
The company is planning to spend $1 billion on a manufacturing plant in California, Nevada, Georgia, or Louisiana, and on top of selling cars the company has claimed it "plans to explore other aspects of the automotive and technology industries, including unique ownership and usage models, in-vehicle content and autonomous driving."
Its first vehicle is slated for 2017 and will allegedly have a battery with 15 percent more range than the Tesla Model S 85kW-hr, or about 310 miles. Other than that, only a concept render of the vehicle has been produced.
Faraday has so far refused to say where its vast cash resources have come from. "We are keeping our partners confidential," the company told the Wall Street Journal.
The fact that Faraday has already teased a car may count against an Apple connection, but the kinds of hires the company has picked up are consistent with those attributed to Apple's electric car project. Apple has expressed a particular interest in BMW's i-series vehicles.
Moreover, the iPhone maker might need to finance a front company as big as Faraday in order to prepare for the launch of a self-branded vehicle in 2019 or 2020. It's difficult to conceal the labor and manufacturing resources a car requires, and indeed numerous leaks have led car manufacturers like Tesla to publicly assume Apple has a car in development.
If Elon is mentioning $35k for the Gen 3, then with Musk math it really means it starts at $42,500 since
he usually refers to the after tax incentive price.
I doubt the Gen 3 will be cheap, as Tesla has a history of underestimating vehicle prices. If its over $42k then Tesla is going head to head with BMW, Mercedes, etc. Thats not going to work out well for Tesla.
Cut him some slack, Adam has an undiagnosed chemical imbalance which causes him hallucinate.
It is amazing someone from Morgan Stanley hasnt thrown a net over him yet.
Guess getting time to bring the cap above $50 million isnt going to bring the stock price up. I thought it might help, but I guess things are past that?
I have watched this stock slide for years, having been in and out of it several times.
With continued losses, and heavy debt, is there anything short of war driven oil spiking that will potentially save MPO?
Why have they not declared BK yet?
Is there any potentially workable plan to save this company?
If you were able to have a secondary right now, you'd need more than 72 million shares to be authorized and issued. There's only 32 million shares outstanding now.
... I dont see them getting rid of the debt anytime soon.
Pensions arent considered part of the billion dollars of debt are they?
How will pension obligations affect the company going forward?
Is this an edge for competitors, ie will other companies be able to undercut, etc.?
... but it is almost $2B in debt, which means it is bankrupt!
Profit Margin (ttm): -122.40%
Qtrly Revenue Growth (yoy): -47.00%
Net Income Avl to Common (ttm): -632.35M
Diluted EPS (ttm): -94.27
Total Debt (mrq): 1.92B
Book Value Per Share (mrq): -47.56
Levered Free Cash Flow (ttm): -225.35M
Rigging EPA tests is one thing, but entering into a deal with Tesla is another. Let's hope
VW management is tired of bad decisions and avoids Tesla like pretty much every other company has.
ie the long line of companies that have avoiding partnering with Tesla.
Ford has had profits consistently since 2009 I believe? You're making it sound like they've been having recent losses for the last 3 years and that's not the case. Ford did show a profit with revenues over $140B
Ford, and VW will be giving Tesla a lot of competition in the next few years.
Wrong, one aircraft that McCain "lost" was hit by an accidentally launched missile onboard the carrier.
It was not a crash.
I'm also not sure getting shot down and ejecting really qualifies as a crash? ... but don't let facts get in the
way of your agenda.