They've only lost if TSLA is not overvalued. (The "us vs them" mentality is really tiring by the way.) The Q3 numbers don't significantly change expected future

They've only lost if TSLA is not overvalued. (The "us vs them" mentality is really tiring by the way.) The Q3 numbers don't significantly change expected future cashflows. Don't forget that they've tried really hard to make the numbers look as good as possible, they've pulled every trick they could think of. I've been quite bearish on Tesla and Q3 changed my mind to some extent. But, it's just one data point, people are biased to extrapolate short-term trends. Does Q3 really change our understanding of Tesla's financial situation? This is a good big picture analysis (the author is very knowledgable about equity valuation, check him out on wikipedia): http://aswathdamodaran.blogspot.com/2018/06/twists-and-turns-in-tesla-story-boring.html http://aswathdamodaran.blogspot.com/2018/06/twists-and-turns...