Because they have not made any money and have no intentions to do so for many years??? Just a thought.
I am very, very sorry. You tried to do something altruistic and would save you coin and it turned into a pile of manure. Ref: American Politics in General.
And the Northwest Passage will be ice free by 2013. Some scientists should try and schedule a Sep/Oct trip thru!
And Polar Bears will near extinction in 2015.
And eggs are bad for you.
And margarine is better than butter for you.
And acid rain will put an end to 50% of the world's vegetation by 2010.
And Artic ice is receding.
And global warming has been accelerating for the last 18 years.
And the California shoreline will lose 300 meters by 2013 due to rising ocean levels caused by polar ice melts.
And best of all, man is God.
That is the stock price or are you also referring to:
1. Flawed business model regarding leases that extend double-digit years including known mandatory price increase?
2. Company losses more and more money about every quarter?
3. Technology in solar panel efficiency is changing quickly essentially stranding existing customers with more inefficient models they bought at much higher prices?
4. Voiding roof warranties on homes?
5. During a potential sale, a new prospective home owner now has, basically, two mortgages: One owed to the bank and one owed to SCTY?
6. State governments are killing retail panel sellers/installer business in their tracks (ref Nevada)?
7. Installers are dropping out like flies around the country?
8. Natty and Oil spot prices are killing renewables (and coal of course)?
Just trying to get an understanding. This could be a very hard landing even with Stifel's attempt to prop-up it's preferred client list who are invested with today's upgrade.
Interesting. It describes how the more affluent who buy solar actually shift cost of infrastructure to middle and lower income folk. Totally against most liberal principles. The word 'uncool' comes to mind. I see this stock in the 30s and then down to the teens as the tax credit expiry gets closer, state governments move to protect the middle and working class folk, etc..
Looks like headed to $40 again. There may be no bottom unless a few things change. Extension of the tax credit, oil/gas starts heading north, somehow the NY plant can beat the Chinese in price, states enact less favorable policies/rules for legacy utilities etc..
In a reality meets investor world, TSLA's market cap (even after the Consumer Reports price drop) is over half that of General Motors itself!
Really? Fairy dust and sprinkles? What Unicorn are they buying next? The Muskicorn?
No clue on the price. But what can be certain of is SCTY will:
1. Announce a very substantial quarterly loss (why they call it an earnings reports coming from Solar City, I have no idea ... a guess a loss report all the time just sounds horrible).
2. Pontificate how well they are doing attracting new customers (aka leaseholders)
3. Talk all sorts of talk about Gigafactory futures and how will will be the bomb. All the other battery manufacturers will shutter in fear (???)
4. Announce 1 or 2 major new partnerships with a University, Town or Entity
5. Espouse the new 500 sales hires and how much new biz they are going to bring in
Who knows though. I would venture if they just made a small profit that would be enough said.
Best to Longs and Shorts!
When does Solar City say they will break even again? Wouldn't you want to invest just before they do?
The most prudent would be to project the quarter before that and invest. Throwing investment dollars after a company (that currently) has rapidly increasing losses does not generally work it. It can, but not on a regular basis.
Ah, and now offers to sub-650 homeowners (read the news). Jimbo was right; and he is even more rich with his short.
Hope life is treating you well.
How is St. Louis? How about that driveway bid? Ferguson settled down? Safe to walk the streets?
The Missouri Energy Initiative must be taking a bunch of your time trying to figure out how to increase the use of fossil fuels in the Midwest, you seem to disappear for days.
How much of an accelerated loss to do you expect? Analysts are expecting a loss of $1.94/share versus a loss of $1.11 in the same quarter last year. Is anything less of a loss what you expect?
How is Missouri john_scott_conroy? How about those Rams beating Seattle two weeks ago!
Hey, while I am thinking of it, I need a new driveway put in. I hear you are in the cement business. Get me your address so I can request a bid please.
Blessings to you and your family.
And I see they maintained their 'neutral' rating. Hmmm, no buy or sell. I understand that ;-)
Darn the luck, an upside of pennies for a year of investment. Please Elon, please, have Tesla buy more SCTY shares with government money to jack the price back up so I can short. Pretty please!
But wait, whole milk is good for you and skim is very bad. New 'gov'ment' guidelines coming out. How could so many smart people be so totally blind to nature?