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You sounds fairly informed about the financials, and that's appreciated. Still: >What we've seen in 2019, I think, is a focus on aligning the company for prof
by navigatesol 7y ago
You sounds fairly informed about the financials, and that's appreciated. Still:
>What we've seen in 2019, I think, is a focus on aligning the company for profit before the next push.
They are not profitable. They achieved profitability this quarter, but have lost money every year for their entire existence. Is this different from Q3'18?
>because it would be strange for them to sit on an increasing cash hoard ($5B+)
I'm not sure they have a "cash hoard" for any longer than the 10 minutes of their quarterly report. Drawing on debt debt to increase cash balance doesn't affect the balance sheet.
>Namely, building more factories for Model 3 & Y
Where did building more factories, and staffing them, show up in the financial reports? How can all of the labour and capital expenses stay the same (or fall) while this occurs? It's confusing that a company can essentially double its productive capacity without it being seen in the numbers. Can you shed light on that?
Despite what some of the conspiracy theorists on this site say, I may be...anti-Tesla? But only because I think it's such a compelling story. I don't short it (I don't short anything), and I don't talk about it outside of this site (where I talk about it too much). I really don't get it: the financials are a mess, Elon is, imho, a jerk, and yet...