Tesla just posted a $675,000,000 loss for the latest qtr,
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Tesla just posted a $675,000,000 loss for the latest qtr,
with a projected $2,000,000,000 loss for last year, how the heck is this sustainable?
Better yet the company is approaching the cutoff for the tax credit (sold enough vehicles that the credit is eliminated) which will tank sales
The dude is running one hell of a ponzi scheme.. go Musk
Better yet the company is approaching the cutoff for the tax credit (sold enough vehicles that the credit is eliminated) which will tank sales
The dude is running one hell of a ponzi scheme.. go Musk
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
How many billions of dollars of government money has Musk taken? $5B?ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
For Tesla? And if so, what do you mean by "taken"?Mcl3 Hokie wrote:How many billions of dollars of government money has Musk taken? $5B?ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
Re: Tesla just posted a $675,000,000 loss for the latest qtr
133743Hokie wrote:For Tesla? And if so, what do you mean by "taken"?Mcl3 Hokie wrote:How many billions of dollars of government money has Musk taken? $5B?ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
His companies have taken ~$5 billion in federal and state government subsidies.
"I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
What subsidies?HokieJoe wrote:133743Hokie wrote:For Tesla? And if so, what do you mean by "taken"?Mcl3 Hokie wrote:How many billions of dollars of government money has Musk taken? $5B?ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
His companies have taken ~$5 billion in federal and state government subsidies.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
http://www.latimes.com/business/la-fi-h ... story.html133743Hokie wrote:What subsidies?HokieJoe wrote:133743Hokie wrote:For Tesla? And if so, what do you mean by "taken"?Mcl3 Hokie wrote:How many billions of dollars of government money has Musk taken? $5B?ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
His companies have taken ~$5 billion in federal and state government subsidies.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
ElbertoHokie wrote:And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
the key line in the article linked in this thread is " without the gov. subsidies and grants and such none of his companies would exist" That is not the case for other corporations that get a tax package for siting a facility in a certain place for instance. Without all the taxpayer dollars Tesla, space x and Solar city would not exist.... let that sink in.
The reason I brought up the loss is because several analysts are now questioning wether his endeavors will ever show a profit.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Again though, why are those subsidies his fault? He's using the system just like every american does on their taxes. You clearly show disdain for him and his companies yet they're employing thousands of people in high paying jobs. Sure the USA was an early philanthropic investor but how much revenue for the Federal Gov't will employing those thousands of people generate? I see it very much like incentivizing Amazon to place their headquarters in location X. Since NASA's mission has been crushed due to reduced funding and the swapping back and forth of congressional and executive leadership, SpaceX stepped in and is filling the void. I've probably come across 10 engineers, some from VCU and some from VT that their DREAM company to work for is SpaceX.cwtcr hokie wrote:ElbertoHokie wrote:And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
the key line in the article linked in this thread is " without the gov. subsidies and grants and such none of his companies would exist" That is not the case for other corporations that get a tax package for siting a facility in a certain place for instance. Without all the taxpayer dollars Tesla, space x and Solar city would not exist.... let that sink in.
The reason I brought up the loss is because several analysts are now questioning wether his endeavors will ever show a profit.
And as far as whether he ever makes a profit or not, that's caveat emptor for those investors. I worked for a gold mine startup that was making $0 and made $0 for 5 to 6 years. We had $100 million dollars in the bank from investors and my paycheck and everyone else was paid out of that with the promise that eventually we'd bring in revenue. The possibility of ever getting a permit to do that is always up in the air. People make risky bets all the time but everyone is looking for the big payoff.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
I don't have disdain for his ventures, I am a financial guy, the question is sustainability and yes I am well aware of how risk works. I assist running companies for others I and I operate my own businesses, very well versed in risk.ElbertoHokie wrote:Again though, why are those subsidies his fault? He's using the system just like every american does on their taxes. You clearly show disdain for him and his companies yet they're employing thousands of people in high paying jobs. Sure the USA was an early philanthropic investor but how much revenue for the Federal Gov't will employing those thousands of people generate? I see it very much like incentivizing Amazon to place their headquarters in location X. Since NASA's mission has been crushed due to reduced funding and the swapping back and forth of congressional and executive leadership, SpaceX stepped in and is filling the void. I've probably come across 10 engineers, some from VCU and some from VT that their DREAM company to work for is SpaceX.cwtcr hokie wrote:ElbertoHokie wrote:And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
the key line in the article linked in this thread is " without the gov. subsidies and grants and such none of his companies would exist" That is not the case for other corporations that get a tax package for siting a facility in a certain place for instance. Without all the taxpayer dollars Tesla, space x and Solar city would not exist.... let that sink in.
The reason I brought up the loss is because several analysts are now questioning wether his endeavors will ever show a profit.
And as far as whether he ever makes a profit or not, that's caveat emptor for those investors. I worked for a gold mine startup that was making $0 and made $0 for 5 to 6 years. We had $100 million dollars in the bank from investors and my paycheck and everyone else was paid out of that with the promise that eventually we'd bring in revenue. The possibility of ever getting a permit to do that is always up in the air. People make risky bets all the time but everyone is looking for the big payoff.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Sorry I drove the Tesla X last year. I want one!cwtcr hokie wrote:I don't have disdain for his ventures, I am a financial guy, the question is sustainability and yes I am well aware of how risk works. I assist running companies for others I and I operate my own businesses, very well versed in risk.ElbertoHokie wrote:Again though, why are those subsidies his fault? He's using the system just like every american does on their taxes. You clearly show disdain for him and his companies yet they're employing thousands of people in high paying jobs. Sure the USA was an early philanthropic investor but how much revenue for the Federal Gov't will employing those thousands of people generate? I see it very much like incentivizing Amazon to place their headquarters in location X. Since NASA's mission has been crushed due to reduced funding and the swapping back and forth of congressional and executive leadership, SpaceX stepped in and is filling the void. I've probably come across 10 engineers, some from VCU and some from VT that their DREAM company to work for is SpaceX.cwtcr hokie wrote:ElbertoHokie wrote:And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
the key line in the article linked in this thread is " without the gov. subsidies and grants and such none of his companies would exist" That is not the case for other corporations that get a tax package for siting a facility in a certain place for instance. Without all the taxpayer dollars Tesla, space x and Solar city would not exist.... let that sink in.
The reason I brought up the loss is because several analysts are now questioning wether his endeavors will ever show a profit.
And as far as whether he ever makes a profit or not, that's caveat emptor for those investors. I worked for a gold mine startup that was making $0 and made $0 for 5 to 6 years. We had $100 million dollars in the bank from investors and my paycheck and everyone else was paid out of that with the promise that eventually we'd bring in revenue. The possibility of ever getting a permit to do that is always up in the air. People make risky bets all the time but everyone is looking for the big payoff.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
.[/quote]
Sorry I drove the Tesla X last year. I want one![/quote]
I agree TMo2. They are nice looking cars. I would never own one in the city, but when do the SUVs hit the market?
Sorry I drove the Tesla X last year. I want one![/quote]
I agree TMo2. They are nice looking cars. I would never own one in the city, but when do the SUVs hit the market?
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Yeah, I read that article 3 years ago. Almost all of the subsidies you're lamenting were offered up by jurisdictions to get factories, etc. All states do this for a wide range of businesses. When you threw out the $5B figure I thought you had something beyond the normal subsidies offered everywhere for major employers. The only things "special" to Tesla are also in place for other electric vehicle makers, so IMO this is all much ado about nothing.Mcl3 Hokie wrote:http://www.latimes.com/business/la-fi-h ... story.html133743Hokie wrote:What subsidies?HokieJoe wrote:133743Hokie wrote:For Tesla? And if so, what do you mean by "taken"?Mcl3 Hokie wrote:How many billions of dollars of government money has Musk taken? $5B?ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
His companies have taken ~$5 billion in federal and state government subsidies.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
I know for a fact that what you have just stated is absolutely 100% false wrt SpaceX. Let that sink in before you spout off about things you don't know about.cwtcr hokie wrote:ElbertoHokie wrote:And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
the key line in the article linked in this thread is " without the gov. subsidies and grants and such none of his companies would exist" That is not the case for other corporations that get a tax package for siting a facility in a certain place for instance. Without all the taxpayer dollars Tesla, space x and Solar city would not exist.... let that sink in.
The reason I brought up the loss is because several analysts are now questioning wether his endeavors will ever show a profit.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
The $2B loss isn't that big of a deal. It's a lot of money, but there are VC funds out there with a lot of ammo. For example, the latest SoftBank fund is $100B of investment capital. Tesla has revenue of about $11B and a market cap of $50B, so it's around 4.5X sales. Rich, yes. Balance sheet shows over $3B in cash, so they can probably do another offering and pull in a few billion later this year or next.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
“With God there are only individuals” - Philosopher Nicolas Gomez Davila
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
The quote was from an article in that was posted in this thread, I am not sure what you are saying is false, I even put quotation marks around it133743Hokie wrote:I know for a fact that what you have just stated is absolutely 100% false wrt SpaceX. Let that sink in before you spout off about things you don't know about.cwtcr hokie wrote:ElbertoHokie wrote:And he's in line to buy that one. My partially loaded F-150 work truck MSRP's for $43,000. You can't get modest vehicles for less than $35,000 nowadays. And if he took a government handout for what it was offering, why is that his fault? It's his job to see if he can keep the business afloat from now on. Do Exxon and other large, extremely profitable corporations willingly take subsidies or tax breaks? Absolutely. Why does that make them evil?133743Hokie wrote:At this point in time you can't get the $35k stripped down model, only the fully loaded one at about $55k+ElbertoHokie wrote:Why do you hate that so much? It's like any other tech start up, Amazon didn't make a profit for a decade. But the potential is there and as long as investors willingly line up for a slice of the pie, going concern for Tesla won't be an issue. Let the market decide what happens to it like everything else.
My brother signed up to buy one of the $35,000. he's anticipating no tax cut, he just loves the brand and wants to own one. Tesla ultimately won't be a car company anyway, it will really be a battery company.
the key line in the article linked in this thread is " without the gov. subsidies and grants and such none of his companies would exist" That is not the case for other corporations that get a tax package for siting a facility in a certain place for instance. Without all the taxpayer dollars Tesla, space x and Solar city would not exist.... let that sink in.
The reason I brought up the loss is because several analysts are now questioning wether his endeavors will ever show a profit.
and spouting off is what we do, or else there would be nobody here, have a nice day
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Bay_area_Hokie wrote:The $2B loss isn't that big of a deal. It's a lot of money, but there are VC funds out there with a lot of ammo. For example, the latest SoftBank fund is $100B of investment capital. Tesla has revenue of about $11B and a market cap of $50B, so it's around 4.5X sales. Rich, yes. Balance sheet shows over $3B in cash, so they can probably do another offering and pull in a few billion later this year or next.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
Is that considering they may not be able to actually turn a profit in any of the companies? They are fast approaching the tax credit being eliminated for them for the buyers of their vehicles, to me at least that means they lose sales after the buyer credit is phased out
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Amp up the retirement account by shorting the pig, cwtcr! It's trading over 300 a share right now. Buy it back at 100.cwtcr hokie wrote:Bay_area_Hokie wrote:The $2B loss isn't that big of a deal. It's a lot of money, but there are VC funds out there with a lot of ammo. For example, the latest SoftBank fund is $100B of investment capital. Tesla has revenue of about $11B and a market cap of $50B, so it's around 4.5X sales. Rich, yes. Balance sheet shows over $3B in cash, so they can probably do another offering and pull in a few billion later this year or next.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
Is that considering they may not be able to actually turn a profit in any of the companies? They are fast approaching the tax credit being eliminated for them for the buyers of their vehicles, to me at least that means they lose sales after the buyer credit is phased out
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Again, don't lump SpaceX in there. They are profitable.cwtcr hokie wrote:Bay_area_Hokie wrote:The $2B loss isn't that big of a deal. It's a lot of money, but there are VC funds out there with a lot of ammo. For example, the latest SoftBank fund is $100B of investment capital. Tesla has revenue of about $11B and a market cap of $50B, so it's around 4.5X sales. Rich, yes. Balance sheet shows over $3B in cash, so they can probably do another offering and pull in a few billion later this year or next.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
Is that considering they may not be able to actually turn a profit in any of the companies? They are fast approaching the tax credit being eliminated for them for the buyers of their vehicles, to me at least that means they lose sales after the buyer credit is phased out
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Re: Tesla just posted a $675,000,000 loss for the latest qtr
Space X is a private company and does not report financials, how would you know if they are profitable and what their financials look like?133743Hokie wrote:Again, don't lump SpaceX in there. They are profitable.cwtcr hokie wrote:Bay_area_Hokie wrote:The $2B loss isn't that big of a deal. It's a lot of money, but there are VC funds out there with a lot of ammo. For example, the latest SoftBank fund is $100B of investment capital. Tesla has revenue of about $11B and a market cap of $50B, so it's around 4.5X sales. Rich, yes. Balance sheet shows over $3B in cash, so they can probably do another offering and pull in a few billion later this year or next.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
Is that considering they may not be able to actually turn a profit in any of the companies? They are fast approaching the tax credit being eliminated for them for the buyers of their vehicles, to me at least that means they lose sales after the buyer credit is phased out
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- Joined: Thu Aug 22, 2013 12:29 am
Re: Tesla just posted a $675,000,000 loss for the latest qtr
My son has worked there for years and has significant stock holdings. They have an external valuation done quarterly and publish annual financials, which I look at every year.cwtcr hokie wrote:Space X is a private company and does not report financials, how would you know if they are profitable and what their financials look like?133743Hokie wrote:Again, don't lump SpaceX in there. They are profitable.cwtcr hokie wrote:Bay_area_Hokie wrote:The $2B loss isn't that big of a deal. It's a lot of money, but there are VC funds out there with a lot of ammo. For example, the latest SoftBank fund is $100B of investment capital. Tesla has revenue of about $11B and a market cap of $50B, so it's around 4.5X sales. Rich, yes. Balance sheet shows over $3B in cash, so they can probably do another offering and pull in a few billion later this year or next.
I don't have a position in it BTW. I just don't think this situation is that dire, as their brand is about as good as it could be right now. A major safety issue, recall, or something else bad would change all of that of course.
Is that considering they may not be able to actually turn a profit in any of the companies? They are fast approaching the tax credit being eliminated for them for the buyers of their vehicles, to me at least that means they lose sales after the buyer credit is phased out