For now... Based on the assumption Felon will get funding asap, then they will plummet within a week or so Tesla has a Billion liquid cash flow, with 800 Million Customer Deposits... I don't give a fuck which manager decides to lose other people's money, the company is toast literally. It loses on a per car basis, with demanding collapsing, Every other car maker is entering EV's with the 7,500 rebate that Tesla used already, when Tesla EV rebates dry up, the others will still have them. Tesla losing 1.6 Billion in cash flow right before a recession is suppose to make there bonds attractive ?
I was short 30K shares from 290. What’s your position, multinick? You think that bonds haven’t traded since APR 3. I hope you’ll understand if I ignore your opinion. Shares up 3.
Except it is not true, I mean too much bullshit. Example: 'We are creating a Tesla insurance product and we hope to launch that in about a month.'
Tesla promises return to profit in third quarter after large loss, may raise more capital Vibhuti Sharma, Alexandria Sage 3 Min Read (Reuters) - Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States. Shares of Tesla were about flat after the results, which came more than an hour after they were expected and after a sales contraction in the quarter raised investor concerns. The company, which many analysts predict will need to raise funds for its expansion, said it ended its first quarter with $2.2 billion in cash after paying off a $920 million convertible bond obligation in March. “There is some merit to raising capital,” said Chief Executive Elon Musk on a call discussing the results. “It’s probably about the right time.” He also said he would prefer Tesla to be private but “that ship has sailed.” The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future success, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 500,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter. Tesla said it would make a loss in its second quarter but predicted a return to profit in the third. Musk said that global deliveries were “the most difficult logistics problem” he had ever seen. Haris Anwar, senior analyst a financial markets platform Investing.com, called guidance for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said. Tesla said it planned to deliver 90,000 to 100,000 vehicles to customers in the second quarter, where it predicted that an estimated loss would be “significantly” less than the $702 million lost in the first quarter. The company delivered about 63,000 vehicles in the first quarter. The gross profit margin on the Model 3 - a focus for investors - remained steady at 20 percent. Tesla also announced it would start offering its own insurance product in about a month to better reflect the safety of its vehicles. Tesla reported net loss attributable to common shareholders of $702.1 million, or $4.10 per share, in the first quarter ended March 31, compared with a loss of $709.6 million, or $4.19 per share, a year earlier. Excluding some items, Tesla lost $1.77 per share, compared with Wall Street expectations of a loss of 69 cents, according to data from Refinitiv. “As the impact of higher deliveries and cost reduction take full effect, we expect to return to profitability in Q3 and significantly reduce our loss in Q2,” Musk said in a letter to investors. The Silicon Valley company has weathered a challenging few months, marked by a sharp drop in the number of vehicles delivered to global customers during the quarter and a public spat between Musk and financial regulators. Shares fell less than a percent to $258.00 in after-hours trade.
I posted my thoughts on Yahoo! Finance...See below So let's see...Their NY solar company having problems, fewer jobs. The state took that on the chin. Why all those cars in different parking lots in CA?? NV in the same boat as NY with millions given out for jobs. By the way, what is in all those trailers on the NV site?? Solar City dropping out of Home Depot. Few service centers (and months to get your car fixed). How much will a 5 MPH fender bender cost you?? Musk Insurance...Yeah, right, sure (good luck with your claim). China's plant will be up and running by the end of this year/next year??!!!?? It took 10 years for the Fremont plant and still problems. SEC...You decide. The fires are real with the cars...What would happen with any recall?? Where would you have it done...Their service centers?? Really?? Still have to pay those suppliers YEAH!! Panasonic wants to finish their agreement and walk away. Problems getting cars to Europe and Asia...What about service centers there? Earnings?? What earnings?? With their extra cash they will have to pay their venders/suppliers. What am I missing? Are any of these things a lie by me?? Am I just "a hater"...Or is there any truth in any of this?? Briana PS How are those trial lawyers going to like those self driving cars??
I am buying TSLA hand over fist. 259 average and will be buying more tomorrow. Tesla to float converts.