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Let's admit it. You would never be happy regardless of what Tesla does. Goalposts will always move. Tesla sold only 100 cars in 2011. It is nothing short of a m
by dmode 8y ago
Let's admit it. You would never be happy regardless of what Tesla does. Goalposts will always move. Tesla sold only 100 cars in 2011. It is nothing short of a miracle that they are on track to produce and sell >200k cars in 7 years time. A miss here and there are irrelevant. As for capital raise. Who cares, there is unlimited capital in this world courtesy of Middle East sovereign funds. There is a story in HN front page about a Chinese startup without any revenue raising $1.5bn. It is time for Tesla skeptics to admit that they were wrong and recognize the sheer audacity of Tesla's achievements. It is time to admit defeat.
- dragontamer 8y agoI've outlined what would please me personally in another post: https://news.ycombinator.com/item?id=18096082 https://news.ycombinator.com/item?id=18096082 In short, I'm not impressed by gross profits (Revenue - COGS), but I agree with the Tesla Bulls that operating-profits (Revenue - COGS - SG&A - CapEx - R&D) is too strict. My definition of Tesla sustainability is (Revenue - COGS - SG&A). EDIT: Seems like this value is called "Operating Income". That is explicitly what would please me. SG&A (Sales, General, and Administrative) costs MUST be accounted for because Tesla decided to avoid dealerships. So all sales staff employed by Tesla need to be accounted, if you are planning to build a sustainable company at a sustainable price. > It is time for Tesla skeptics to admit that they were wrong and recognize the sheer audacity of Tesla's achievements. It is time to admit defeat. As soon as Tesla reaches positive "Operating Income" (Revenue - COGS - SG&A) for more than one quarter, I'll gladly admit that I was wrong. Sound fair?