Tesla's only chance is selling off their parents. As an auto producer and seller they suck. They miss production deadlines. They miss earning a profit. . . .Elon is certainly visionary. I'm not sure he is very business savvy. Getting in the auto industry is a little different than his original business venture.
Sorry I cant see how you can make the comparison of an automaker that only does EV autos and solar panels to companies that have their hands in a multitude of business sectors and multiple opportunities per person across numerous industries. That's apples to oranges and as soon as that's realized we will see how over inflated they are. They're gonna have to sell everyone and their 3 unborn kids 2 vehicles and an acre of solar panels. They're struggling now and they pretty much own this corner of the market with next to no competitors. Its gonna get interesting once the real automakers that provide dividends and have a real valuation jump into the game.
I dont understand who invests into them. So many people say omfg the future they will turn into something. Okay but how about now. That's like buying a house and paying 3x the value of the house because maybe in 50 years itll he worth more. Nah I'll pay what it's worth now.... or keep on moving.
Tesla's reported $105 million in net income for the fourth quarter of 2019 was due entirely to the sale of $133 million in government-issued tax credits. The company continues to lose money on every car it sells.
A little excerpt from a financial newsletter I subscribe to. I won't deny 368,000 is a lot. When they say they are producing a million a year and miss production numbers by nearly 2/3 the mark.. . .not great business.
LOLZ.Do t get me wrong. I wouldn't touch Tesla stock with a 10 foot pole now. I personally think it's a trendy bubble.
I only wish I wouldn’t have been a pussy and would’ve bought into TSLA like my gut told me to. I hate stocks.