“Elon Musk, who is definitely not making this up as he goes...”
“Elon Musk, who is definitely not making this up as he goes...”
I agree, but being the current “it” car company will be fleeting if they don’t start firing on all cylinders very soon. They’re losing about $1 billion a year, and a big part of that has been poor business execution, not being able to match production to demand. Those are missed opportunities they may never get back…
Well...Tesla is a niche car company. They’ve sold a grand total of about 140,000 cars since 2008. GM sells that many cars every week.
No.
Losing money doesn’t matter... lol. Tell that to every business that has ever gone out of business in the history of the world.
The difference is the Tesla reality distortion field. Elon Musk is currently in that honeymoon period where despite factual reality, a great many people feel he can do no wrong. They even attribute his motives to altruism. Everything he does is for the betterment of mankind, they say, that kind of bullsh*t, and they…
OK, you can take Elon’s d*ck out of your mouth now. Results speak louder than words, even Musk’s words. Tesla still has to figure out how to halt the quarterly losses that have been ongoing for 12 consecutive quarters. Companies prove daily that it’s possible to grow while turning a profit, which is a major lesson…
Well, to be fair, you can order a Tesla today, but you have to wait a while to actually get it.
LOL! Oh, because this is 2016, when everything needs a snarky #label. “Cheating” is just so 19th century.
That’s crazy talk. Tell that to Apple. Good companies grow all the time without losing money, especially losing money for three years in a row. On top of that, Musk just keeps bullsh*tting investors by continually saying that they’ll be profitable that quarter.
It’s a conspiracy!!! 12 consecutive quarterly losses, and it’s a conspiracy I say!!!
The last remaining issue is whether the feds refer charges against Clinton or she gets indicted. That has to be the reason Sanders wants to remain in the wings, because “if” charges are filed against Hillary, the odds of Bernie being able to peel away those superdelegates dramatically increases.
If $800 million is now considered “nothing,” I would GLADLY take being worth nothing...
You actually have no idea about SpaceX’s financials because they’re a private company. You can’t possibly know where their money is coming from because no one outside their inner circle and the IRS does.
“The only thing investors really have to say about Tesla these days is ‘I wish I bought their stock sooner.’”
I guarantee you that I have a better idea of “how this works” than you do. I’ve been an investor in hundreds of companies, including Amazon, over the past 15 years.
Thousands — literally thousands — of companies accrue losses every year due to investments in hopeful future business prospects. Companies do it because they see it as an investment in their future.
Now watch there be some major security compromise or infiltration thanks to as-yet undiscovered exploits in the newer tech. We were probably safer using something obscure coupled with human checks and balances.
Thousands of business that go out of business because of losses can say the same thing. “We were reinvesting in the future and growing revenue... It just wasn’t translating into profits.”
Tesla has ABSOLUTELY been losing money. Period. End of discussion. To consider the Model S profitable you have to live in a willfully ignorant bubble that ignores generally accepted accounting principles.