Big Q1 loss coming.
That's another big quality issue that didn't get any publicity.
The $178bn on Balance Sheet is $20bn cash for working capital, $158 held in offshore tax havens like Ireland. Apple has had to borrow $36 bn to fund buy backs and dividends in US. More has been borrowed since last report. It just haas no money to invest either in TSLA or Gigafactory.
Cash and investments that could be used to buy something are held overseas and can't be brought back without paying 35% tax. And if the money could come back, it is already committed to the buybacks promised to Icahn.
They have to be losing a bundle on sales there. No one seems to care.
That was their second biggest market in Europe.
The 10k implies that the company would fall apart without Musk even though he spends most of his time at SpaceX. He's so critical, TSLA had to give him 5000000 shares to motivate him even though he already owns 28% of the company. That's a billion dollar incentive! What about all the other poor smucks working there in the shadow of the megalomaniac's glory? I don't think that's a recommended management technique to glorify one guy and implicitly completely denigrate the people actually running the business.
TSLA is taking a bath on its euro sales. The euro is down over 30% since the glory days of 1500 sales in Norway last March. If they give up on the main auto markets to concentrate on the markets where they are sufficiently subsidized by the governments to have some decent sales (Holland and Norway), will they keep the superchargers going so a Dutch and Norwegians can drive to the south of France occasionally.
I have never heard about it before, but it must be pretty serious with aluminum and carbon fibre body and 500 km range.
The new battery will power the Bolt and Ford's new EV and I suppose will be used to increase the Leaf's range.
What happened to all TSLA's orders?
I wonder how many of the 2000 are just parking spots.
Thousands of cars built more than orders.
The numbers just don't make sense.
Sales were only 1,755? What gives?
I think he makes a lot of sense, even if Paul Krugman says he's just a cranky old guy.