3 ms·
>Just SHOW ME THE NUMBERS Tesla is: - Missing weekly production targets (currently at ~15%) - Burning through cash reserves (-34% YTD) - Increasing liabilit
by bduerst 8y ago
>Just SHOW ME THE NUMBERS
Tesla is:
- Missing weekly production targets (currently at ~15%)
- Burning through cash reserves (-34% YTD)
- Increasing liabilities (+20% YTD)
This is all while there are Model 3 quality issues, and refusing a cash injection from VW. The solarcity acquisition was questionable as well, considering Musk founded solarcity, and now there is a lawsuit by Tesla investors against him.
Some investors are still cutting the CEO slack because of his previous success with Paypal, but automobile manufacturing is a different beast.
- jzoch 8y agoI believe he asked for numbers :)
- bduerst 8y agoAdded.
- HeadsUpHigh 8y agoNumbers, not FUD. Give me links to reputable publications that include sources and not some random nonsense.
- bduerst 8y agoWhat I said is not FUD, please do not accuse me of spreading it unless I said something that wasn't factual. Production Tracker: https://www.bloomberg.com/graphics/2018-tesla-tracker/ https://www.bloomberg.com/graphics/2018-tesla-tracker/ Tesla Financials: https://finance.yahoo.com/quote/TSLA/financials https://finance.yahoo.com/quote/TSLA/financials Model 3 Quality Issues: https://www.forbes.com/sites/brookecrothers/2018/09/02/tesla-model-3-owner-review-quality-issues-consumer-reports-customer-satisfaction/#75e323e137a4 https://www.forbes.com/sites/brookecrothers/2018/09/02/tesla... Refusing VW Cash: https://www.wsj.com/articles/public-bravado-private-doubts-how-elon-musks-tesla-plan-unraveled-1535326249 https://www.wsj.com/articles/public-bravado-private-doubts-h... Shareholders suing over Solarcity Acquisition: https://www.reuters.com/article/us-tesla-shareholders/tesla-shareholder-lawsuit-against-solarcity-deal-set-to-proceed-idUSKBN1H43A3 https://www.reuters.com/article/us-tesla-shareholders/tesla-...
- Reedx 8y ago> Some investors are still cutting the CEO slack because of his previous success with Paypal, but automobile manufacturing is a different beast. There's a lot more to it than that though. Telsa is a huge achievement already. They've not only created cars that a lot of people love, they disrupted and accelerated an entire industry. Not to mention SpaceX.
- bduerst 8y agoOh I agree, but Tesla's value seems to be in the IP at the moment, not automobile production. That's why VW would have been such an ideal partner, because VW knows mass automobile production (but Musk nixed it). SpaceX is great too but I would say it's still a little too early to say it's as successful as Paypal was.