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Tesla burns through $480,000 every hour but has a higher market cap than Ford
Posted on 12/1/17 at 9:16 am
Posted on 12/1/17 at 9:16 am
Astounding.
SIAP.
quote:
Tesla blows through $8,000 every minute amid Model 3 woes
LINK
Elon Musk said last week that Tesla Inc. is designing a new sports car that could go from zero to 60 mph in 1.9 seconds. Not bad, but here’s a speed number that investors might want to focus on instead:
Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour), Bloomberg data show. At this pace, the company is on track to exhaust its current cash pile on Monday, Aug. 6.
quote:
It’s blowing through more than $1 billion a quarter thanks to massive investment in making the Model 3, a $35,000 car that’s looking less likely to generate a return anytime soon.
“Whether they can last another 10 months or a year, he needs money, and quickly,” said Kevin Tynan, senior analyst with Bloomberg Intelligence, who estimates Tesla will be required to raise at least $2 billion in fresh capital by mid-2018.
SIAP.
11
Posted on 12/1/17 at 9:27 am to dewster
quote:"Who cares because of technology and shite." - Musk fanboys
Tesla burns through $480,000 every hour but has a higher market cap than Ford
Posted on 12/1/17 at 9:29 am to LSURussian
Just make the gd cars musk
Posted on 12/1/17 at 9:30 am to dewster
I bet 70%+ of that is from salaries. Might be time to trim the fat!
Posted on 12/1/17 at 9:31 am to dewster
No wonder why Musk can’t find a date. He burns through more money than any woman out there.
Posted on 12/1/17 at 9:39 am to dewster
Tesla is one of the only exceptions I can agree with when it comes to the Government giving companies big subsidies. I think that this technology is necessary to advance humanity, but isn’t far enough along to turn a solid profit yet. If they weren’t burning money at Tesla this tech would take a lot longer to come around.
It’s a necessary evil.
It’s a necessary evil.
Posted on 12/1/17 at 9:40 am to dewster
When shite got serious in 2008 / 2009 and GM needed and got a bailout, Ford said "nope we're good" back at the beginning of 2009. I picked up a chunk of F at 1.87 a share.
That was one of the few times I picked the bottom when valuation made literally no sense (along with the Altria shares I picked up following the Engle case in 2000 -- that my stock picking magnum opus). I won't mention any of my many stupid arse picks.
Thanks, Ford.
That was one of the few times I picked the bottom when valuation made literally no sense (along with the Altria shares I picked up following the Engle case in 2000 -- that my stock picking magnum opus). I won't mention any of my many stupid arse picks.
Thanks, Ford.
Posted on 12/1/17 at 9:45 am to Rand AlThor
quote:
Tesla is one of the only exceptions I can agree with when it comes to the Government giving companies big subsidies. I think that this technology is necessary to advance humanity, but isn’t far enough along to turn a solid profit yet. If they weren’t burning money at Tesla this tech would take a lot longer to come around.
You can buy a $30,000 Chevrolet with a 250 mile range....right now. Next year you'll be able to do the same with a Nissan Leaf. The year after there will be 3 more competitors from Toyota, Honda, and Mazda.
It's not 2011 anymore. Tesla's three isn't breaking new ground with either their Model 3 or their "proposed" sports car that is 3-5 years away. It's got established competitors. Every year they delay their products, more competitors join the market.
This post was edited on 12/1/17 at 9:47 am
Posted on 12/1/17 at 9:46 am to TigerCoon
I'm not a genius, but it seems making a sedan that gets great mileage, is fun to drive, and a bit more affordable might be more attractive to a wider swath of the country than a sports car that gets to 60 in under 2 seconds and costs $200k.
Posted on 12/1/17 at 9:48 am to Sterling Archer
quote:
I bet 70%+ of that is from salaries. Might be time to trim the fat!
shite I volunteer to work for half of that.
Posted on 12/1/17 at 9:50 am to dewster
Yeah it’s way overvalued stay away.
Posted on 12/1/17 at 9:52 am to LSURussian
quote:
"Who cares because of technology and shite." - Musk fanboys
I don't think their value reflects the reality in which they exist anymore.
Posted on 12/1/17 at 9:54 am to member12
quote:This. It isn't groundbreaking tech anymore.
You can buy a $30,000 Chevrolet with a 250 mile range....right now. Next year you'll be able to do the same with a Nissan Leaf. The year after there will be 3 more competitors from Toyota, Honda, and Mazda.
It's not 2011 anymore. Tesla's three isn't breaking new ground with either their Model 3 or their "proposed" sports car that is 3-5 years away. It's got established competitors. Every year they delay their products, more competitors join the market.
He is losing the race and losing it fast.
Musk better start putting out a product.
Posted on 12/1/17 at 9:59 am to Chucktown_Badger
quote:Well yea, so does that mean Lamborghin and Ferrari should scrap their current business model and start selling $20k cars?
I'm not a genius, but it seems making a sedan that gets great mileage, is fun to drive, and a bit more affordable might be more attractive to a wider swath of the country than a sports car that gets to 60 in under 2 seconds and costs $200k.
Posted on 12/1/17 at 10:11 am to shel311
quote:
Well yea, so does that mean Lamborghin and Ferrari should scrap their current business model and start selling $20k cars?
Both are owned by larger company which do indeed make economy cars. They also meet deadlines and production goals which at this point if Tesla did so would be classified as a miracle.
Posted on 12/1/17 at 10:18 am to shel311
quote:
Well yea, so does that mean Lamborghin and Ferrari should scrap their current business model and start selling $20k cars?
Is it possible for you to hear any criticism of Tesla without going full retard?
Posted on 12/1/17 at 10:20 am to Scruffy
quote:
This. It isn't groundbreaking tech anymore.
He is losing the race and losing it fast.
Musk better start putting out a product.
i tend to agree for the most part
i stopped investing into it 6 months ago
Posted on 12/1/17 at 10:21 am to dewster
I think its silly to give someone a $7500 tax credit when they are spending $100K on a Tesla.
Posted on 12/1/17 at 10:24 am to dewster
Anything with a PE Ratio of "N/A" is overvalued.
Posted on 12/1/17 at 10:26 am to dewster
The stock price is a bet on future performance, not current.
It's not only a car company. The solar roof stuff and power wall have massive potential.
The Semi is promising, IMO.
They have also managed to break down the dealership model in car buying. Except in Louisiana, because Louisiana.
They'll have a ton more competition in the car space soon. But it with everything else going on with them I wouldn't bet against them.
It's not only a car company. The solar roof stuff and power wall have massive potential.
The Semi is promising, IMO.
They have also managed to break down the dealership model in car buying. Except in Louisiana, because Louisiana.
They'll have a ton more competition in the car space soon. But it with everything else going on with them I wouldn't bet against them.
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