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Tesla might be one of the biggest crash and burn stories ever
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Date: November 17th, 2017 11:17 AM Author: passionate school Their free cash flow was negative $1.1 billion in the last quarter and they forecast an additional $2 billion in capital spending before the year is out. They have produced less than 300 Model 3's and will have negative gross margins on them for years probably because overhead costs will dwarf deliveries before production ramps up. They are producing cool stuff and I want them to maeke it, but holy shit they are burning through cash. Asking for deposits for vehicles that won't be built for years is a pretty desperate cash grab. Musk should just sell the business to Google or Apple and concentrate on SpaceX. Maybe they want to buy and are just waiting for the cash problems to worsen and Musk to get desperate. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709294) |
Date: November 17th, 2017 11:19 AM Author: Histrionic useless gaming laptop Why just concentrate on SpaceX that seems like an even bigger cash burn (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709300) |
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Date: November 17th, 2017 11:22 AM Author: passionate school They have actually turned a profit and it is clearly his passion. It is like a multi-billion dollar nerd hobby business. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709319) |
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Date: November 17th, 2017 11:23 AM Author: red rigor kitty “profit”
call me when they have less net debt in the end of the year than the beginning. |
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Date: November 17th, 2017 11:29 AM Author: passionate school I haven't really looked at their numbers. I just read somewhere they made a profit, which surprised me. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709355) |
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Date: November 17th, 2017 11:23 AM Author: Ruddy thriller corner puppy don't forget solar city! (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709326) |
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Date: November 17th, 2017 11:23 AM Author: red rigor kitty tesla bought it. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709331) |
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Date: November 17th, 2017 11:26 AM Author: passionate school Now part of Tesla. Their solar roofs are another example of Musk's approach. Really cool demo and a good idea, but no capability to deliver anytime soon. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709343) |
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Date: November 17th, 2017 10:19 PM Author: Effete stead dirtiest deal in yrs (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34714399) |
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Date: November 17th, 2017 11:23 AM Author: maize laughsome office goal in life you might turn out to be 100% correct but understand they are burning through cash with the understanding that there are institutional investors who are betting on Musk long term and willing to finance the company well into the future. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709329) |
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Date: November 17th, 2017 11:28 AM Author: passionate school Yeah, I do understand this. Tons of people have tried to short Tesla and lost big. Musk is running a huge gamble that will either turn into an Amazon/Apple style success story or really flame out in grand fashion. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709353) |
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Date: November 17th, 2017 11:34 AM Author: maize laughsome office goal in life sure, but in his mind it's not a huge gamble. as for the bulls, they definitely see the Amazon/Apple success stories as the rationale behind their bullishness. they are betting on the CEO and his genius which is not limited to technical know-how but also includes marketing smarts. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709390) |
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Date: November 17th, 2017 11:25 AM Author: Cerise Contagious Brunch Amazon received similar criticism in the early days. You can still find the old articles:
http://www.slate.com/articles/briefing/articles/1997/01/amazoncon.html |
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Date: November 17th, 2017 11:30 AM Author: passionate school Yeah, he is obviously following Bezo's playbook. Tesla will either be a trillion dollar company that produces the Apple of cars and dominates renewable energy or will be bought for like a dollar by Apple/Google/Facebook/Amazon or an industry competitor. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709359) |
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Date: November 17th, 2017 11:32 AM Author: Cerebral Gold Property (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709377) |
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Date: November 17th, 2017 11:35 AM Author: Cerise Contagious Brunch That expenditure was roughly .001 percent of his current net worth. It would be like you buying a cookie. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709394) |
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Date: November 17th, 2017 11:34 AM Author: passionate school LOL, that was written by the fabulist Stephen Glass. He probably didn't even order the books. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709388) |
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Date: November 17th, 2017 11:35 AM Author: Cerise Contagious Brunch Holy shit, I didn't even notice. (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34709395) |
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Date: November 17th, 2017 10:16 PM Author: Milky Patrolman Step-uncle's House calishitlawguru is buds with Stephen glass (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34714386) |
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Date: November 18th, 2017 1:34 PM Author: Turquoise marvelous area Did he appear in the acclaimed drama Shattered Glass (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34717518) |
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Date: November 17th, 2017 10:14 PM Author: ocher up-to-no-good base cuck (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34714377) |
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Date: November 17th, 2017 10:17 PM Author: odious smoky school cafeteria (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34714389) |
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Date: November 17th, 2017 10:36 PM Author: azure church haunted graveyard how much money does he get from subsidies? (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34714451) |
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Date: November 18th, 2017 12:09 PM Author: ocher up-to-no-good base cuck (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34717033) |
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Date: November 18th, 2017 2:03 PM Author: Black pit therapy Lol at OP referring to negative gross margins because of overhead costs ... overhead costs aren't included in gross margins, dumb fuck. How's your TTT degree treating you in the real world? (http://www.autoadmit.com/thread.php?thread_id=3800570&forum_id=2#34717695) |