Tesla to cut thousands of jobs as Elon Musk warns the ‘road ahead is very difficult’

H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
3
36
Tesla market share eroding?
This graph does not even show their explosion in the 3rd and 4th quarter
 
Twin_Moose

Twin_Moose

Hall of Fame Member
Apr 17, 2017
21,944
6,080
113
Twin Moose Creek
Tesla Was Weeks Away From Death in 2018

Here’s Why Tesla Will Go Bankrupt in 2019

But it's not even legal problems that are going to push Tesla (and, let's be honest, Musk) over the precipice. The problem is pure and simple: they have no money. In fact, they have a massive pile of growing debt, and the lenders are going to want that money back.
Recently, hedge fund manager (and Musk antagonist) David Einhorn of Greenlight Capital wrote to his investors that Tesla right now bears a grim resemblance to Lehman Brothers before its 2008 bankruptcy (a collapse that Einhorn predicted months earlier, and that helped tilt the planet into a catastrophic all-hands “correction”). For Tesla, as for Lehman Bros., a mixture of emboldened deception, arrogance, and desperation have turned the Muskman into a monster.

“There are many parallels to TSLA,” Einhorn wrote to his investors. “In 2013, TSLA was on the brink of failure as customers who had paid deposits weren’t taking delivery of the Model S. TSLA’s cash reserves fell to a dangerously low level and CEO Elon Musk secretly and desperately tried to sell the company to Google. Rather than communicating truth to shareholders, Mr. Musk bluffed his way through the crisis. There were no regulatory, legal or market consequences for failing to own up to reality. The business survived, and Mr. Musk was celebrated for his successful bluffing.”
Click to expand...

Tesla Faces A Margin Problem In 2019

https://www.marketwatch.com/investing/stock/tsla/profile

Profitability
Gross Margin
19.15
Operating Margin
-13.93
Pretax Margin
-18.79
Net Margin
-16.68
Return on Assets
-7.64
Return on Equity
-43.63
Return on Total Capital
-10.15
Return on Invested Capital
-14.25
 
H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
3
36
Reports of Tesla's insolvency have been coming out steadily since 2010
Here is why they won't go broke
 
H

Hoid

Hall of Fame Member
Oct 15, 2017
20,408
3
36
taxslave said:
The real question is have they managed to produce any of the cars they have sold yet?
Click to expand...
Well lets see
Model S sales are absolutely destroying the competition


(the model 3 is doing way better)
 
G

Gilgamesh

Council Member
Nov 15, 2014
1,107
60
48
As long as Tesla has to play these games, including billions in taxpayers subsidies, he is just proving that electric cars can't make it.
 
You must log in or register to reply here.
Top Bottom