Power Moves!!!! Some Institution Bull is taking it for the team... Imagine when they release the Q 10 in 2 weeks ? It's gonna be even worst then the fiction companies peddle at earnings... 702 Million Loss, Q10 might reveal 900 Million ? Bond payment with non gaap, that's 1.6 Bil negative cash flow Serious buying spree when numbers came out, reversing tho
That is why I sell Iron Butterflies and verticals on it. It is kind of sad that the average person can predict production numbers better than the company. I mean I know they have to lie, but still...
They have no choice, minus 1.6 Bil in a quarter is seriousss cash flow problems... They have around 1 Bil cash flow liquid, we will see in Q10 how much in China but still roughly 600-700 Million Minus customer deposits, and delayed payments to suppliers, they are supremely broke... More debt asap!!!! He will fetch 10-11 % in Junk guaranteed
Imagine T. Rowe Price sold their holdings (they did) in the 290s and now they are supporting the stock at the 260 level and slowly buying back. If they believe in Tesla, that is a perfectly valid strategy...
Earnings call live blog: https://www.thestreet.com/investing/stocks/tesla-q1-earnings-live-blog-14936638
Elon stumbling, stuttering and muttering through his opening remarks, opens by once again claiming that there will be 1 million Tesla robo-taxis on the road in 2020 (!!!) capable of generating $10-$30k per year passive income for their owners. I actually feel bad for the guy, he sounds like he's on the verge of a breakdown.