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It's a very very stupid idea. But the idea itself is not really the problem here. If they did deliver the truck they announced, with the price they announced,
by TheAlchemist 3y ago
It's a very very stupid idea. But the idea itself is not really the problem here.
If they did deliver the truck they announced, with the price they announced, I think it may sell well - only in the US, but still.
The problem is, that they delivered a truck with 1/2 the range, 2x the price and that's very clearly not yet finished.
I have this theory, that Tesla is going to need to raise a lot of capital very soon or it will go belly up, and hence Musk is trying every trick he has available to sell some kind of futuristic vision, so that investors turn a blind eye to their actual business.
- DennisP 3y agoFrom a glance at their financials, they have $29 billion in cash, $9.5 billion in debt, and positive cash flow of $4 billion annually. Why would they go belly up?
- MissTake 3y agoWorldcom ($100bn assets at bankruptcy) have entered the chat, and are requesting someone to hold their beer…
- lotsofpulp 3y agoIs there any evidence that Tesla is committing fraud in its financial statements? If not, what is the purpose of your comment?
- MissTake 3y agoThe point is that claiming that having billions of dollars in assets can be meaningless when there are other circumstances at play. Worldcom was great right up until it turned out it wasn’t. I’m not claiming that there’s any actual fraud going on at Tesla (although it’s been accused of many such things), but there wasn’t any at Worldcom either, until there was.
- Spooky23 3y agoThey are a growth company that has stopped growing. Hence the stock. So the underpaid staff will start bailing as layoffs continue and their stock compensation is worthless. Other than the cyber truck, which is stupid, the entire lineup is aging. The cars all look like the 2024 equivalent of 2004 Camrys. Nice cars, but the competition is much more robust than it had been. Market headwinds with rates is driving costs down. Elon lost his mojo here. He’s busy fucking around on Twitter and took eyes off ball.
- lotsofpulp 3y agoI suggest reading their audited reports and understand their financials instead of guessing (a guess that is completely wrong). https://ir.tesla.com/sec-filings https://ir.tesla.com/sec-filings https://ir.tesla.com/_flysystem/s3/sec/000162828024002390/tsla-20231231-gen.pdf https://ir.tesla.com/_flysystem/s3/sec/000162828024002390/ts... This website offers nice breakdowns and history of the financials: https://www.macrotrends.net/stocks/charts/TSLA/tesla/long-term-debt https://www.macrotrends.net/stocks/charts/TSLA/tesla/long-te...
- niemandhier 3y agoIt would be great if someone could summarise this or point us to some sensible summary.
- speedgoose 3y agoTesla has a lot of money and makes a lot of money.
- lotsofpulp 3y agoNet income is the amount of money they pocket. These are obviously very big numbers trending in the right direction. https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-inc... Net margin is profit margin, which is also already very healthy and obviously trending in the right direction: https://www.macrotrends.net/stocks/charts/TSLA/tesla/profit-margins https://www.macrotrends.net/stocks/charts/TSLA/tesla/profit-... Under assets and liabilities, you can also see cash on hand with very large numbers and trending in the right direction, and long term debt with relatively low numbers compared to profit and revenue.
- TheAlchemist 3y agoI did read them, thanks. I can't articulate it properly without sounding like a conspiracy theory, so I won't. Here is a point of view that's similar to mine: https://bradmunchen.substack.com/p/could-tesla-go-bankrupt-the-odds https://bradmunchen.substack.com/p/could-tesla-go-bankrupt-t...