Are you serious? That false narrative fueled by FUD has been the talking point by short-sellers since 2008 (Only Tesla and Ford survived the 2008 market crash btw).
It's now 2019 and you would think people would know any better.
The second one is kinda whatever. I don't actually fear they will go out of business. But neither do I have infinite confidence in their business model.
Once again, tons imply that it’s the majority. Unless you have actual verifiable data to cite, you’re just operating on opinionated data.
Have you been living under a rock? I didn't even know about the insane short interest and the countess $TSLAQ Twitter trolls until I became a Tesla owner. Which is apparently been there since the early days.
Is it BS because it does not fit your narrative? or is it a baseless claim? If so, can you please cite sources?
> Would you believe that it's martians spreading "fud" about Tesla, if Elon says so?
Is that your attempt at insulting my intelligence? I look at everything objectively... I typically stay quiet if I don't know enough on a particular topic or don't have anecdotes.
I have no interest in discussing your intelligence, but but once you start bringing out "shortseller fud" your credibility goes straight out of the window. Even claiming that Elon is behaving like a jerk because he's hiding from hit squads hired by Saudi Aramco would be both more plausible and make more sense.
Really? Because Elon said so you think I blindly believe it? What a snooty baseless statement.
What is this then? https://www.nasdaq.com/market-activity/stocks/tsla/short-int...
Also this: http://shortsqueeze.com/shortinterest/stock/TSLA.htm
More: https://www.reddit.com/r/teslainvestorsclub/comments/brj8zf/...
Should I go on? Let's stick to just facts, and get off your high horse.
Tesla now operates in Billions of dollars. A 10% miss in sales results in Billions in losses.
It sure was! They had some troubles delivering the very first Roadsters and Elon had to use his own money to keep the company afloat (also SpaceX) and continue making payroll.
> A 10% miss in sales results in Billions in losses.
Well that's how the market inherently works you know? Tesla vehicle sales have also been rising year-over-year so your 10% miss does not apply.
like you said in 2008 there wasn't anything there. They lose millions the whole company dies
now Tesla operates in billions of dollars. They lose billions it's still only 10%
I'm sure the shady silicon valley dealings are isolated to WeWork, even though Tesla is being sued for similar self-dealing. Good luck!
In Fiscal Year 2018, they had positive operating cash flow of $2.1 billion. Part of the reason for the difference between accounting earnings (a loss) and actual cash flow is the huge depreciation charges ($1.9 billion) for historical capital expenditures, versus present-day cash outflows.
In that year, Tesla still spent a lot of cap-ex dollars on Model 3 capacity and battery capacity (to the tune of $2.3 billion), so overall cash flow was slightly negative - about $200 million for the year, off of $21 billion in revenue.
In the six months since then, they're reported additional positive operating cash flow: $224mm off of $10.9 billion in revenue.
This is a company experiencing 47% y/y revenue growth for the first half of the year. Yes, they're spending on cap-ex, but they are producing positive operating cash flow and their total operating+cap-ex cash flow is running a little in the red, but <1% of revenues.
And in context, they have $5 billion in cash and $10 billion in short term assets.
Tesla is not at significant financial risk.
Revenue — $17 billion Gross Profit — $5.8 billion EBITDA — $2 billion Market Cap — $111 billion Debt — $14 billion Enterprise Value — $125 billion
Tesla
Revenue — $25B Gross Profit — $4B EBITDA — $2.33B Market Cap — $39B Debt — $14B Enterprise Value — $54B
-------------------
Uber
Revenue — $12 billion Gross Profit — $4 billion EBITDA — negative $7.6 billion Market Cap — $53 billion Debt — $6.2 billion Enterprise Value — $50.5 billion
Tesla
Revenue — $25B Gross Profit — $4B EBITDA — $2.33B Market Cap — $39B Debt — $14B Enterprise Value — $54B
I can go on but hopefully you get the point.
Tesla's Q2 Gross Profit was 900 million with a Gross profit of -170 Million.
Where did you get the 25B Gross Profit from?
I think this means that the Gross Profit was $4B, not 25. And Gross Profit is Revenue - Cost of Goods Sold [0], so they may still have had losses after R&D and expansion.
The EBITDA number of $2.33B also seems reasonable as a "last four quarters" measure here [1] (which actually lists $2.35B).
0: https://www.investopedia.com/terms/g/grossprofit.asp
1: https://www.macrotrends.net/stocks/charts/TSLA/tesla/ebitda
Do you actually know how read financials? I hope you don't actually dabble in active trading...
If you do, you should stop now and just put your hard-earned money into an index fund and call it a day.
There is clearly some dark art in accounting, but I don't think it's always because the companies are covering up bad business. It might be because they're trying to make as little taxable profit as possible.