Tesla Doesn’t Burn Fuel, It Burns Cash

#1

Post by dx034 » Mon, Apr 30, 2018, 8:46 AM UTC

Tesla Doesn’t Burn Fuel, It Burns Cash
bloomberg.com

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#2

Post by cjbenedikt » Mon, Apr 30, 2018, 9:00 AM UTC

Methinks Uber should be a close runner up?

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#3

Post by the_duke » Mon, Apr 30, 2018, 10:02 AM UTC

WTF.

Criticism regarding Teslas prospects, cash flow and viability as a company may all be valid.

But the ridiculous animation and the live cash counter immediately take all credibility away for me. What credible news source would present a financial news article in this way?

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#4

Post by johnmarcus » Mon, Apr 30, 2018, 10:05 AM UTC

the_duke wrote: post #3

WTF. Criticism regarding Teslas prospects, cash flow and viability as a company may all be valid. But the ridiculous animation and the live cash counter immediately take all credibility away for me. What credible news source would present a financial news article in this way?

Sadly, are thier any credible news sources left? With respects to Bloomberg, there are many articles by 'experts' whom are nothing more than FUD spreading shills by larger corps, seen it many times. I suspect this is one of them.

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#5

Post by johnmarcus » Mon, Apr 30, 2018, 10:06 AM UTC

cjbenedikt wrote: post #2

Methinks Uber should be a close runner up?

Except Uber burns cash and fuel. Lulz.

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#6

Post by thisisit » Mon, Apr 30, 2018, 10:14 AM UTC

the_duke wrote: post #3

WTF. Criticism regarding Teslas prospects, cash flow and viability as a company may all be valid. But the ridiculous animation and the live cash counter immediately take all credibility away for me. What credible news source would present a financial news article in this way?

This is obviously jazzy infographic to entice people into reading boring stuff like prospects, cash flow and viability.

But, they sometimes provide good information too. For example Tesla Model 3 Tracker:

https://www.bloomberg.com/graphics/2018-tesla-tracker/

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#7

Post by tway2888888 » Mon, Apr 30, 2018, 10:19 AM UTC

"“Elon Musk is an engineer, and so he treats raising capital as one element that he needs to solve,” said Andrea James, a former analyst"

How is Musk an engineer? Musk has a degree in physics and economics according to Wikipedia. At least where I'm from, you don't call yourself or someone else an engineer if you didn't go to engineering school.

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#8

Post by ghaff » Mon, Apr 30, 2018, 10:19 AM UTC

the_duke wrote: post #3

WTF. Criticism regarding Teslas prospects, cash flow and viability as a company may all be valid. But the ridiculous animation and the live cash counter immediately take all credibility away for me. What credible news source would present a financial news article in this way?

The same sources that often do crappy infographics and poor data displays. (And headlines that verge on or are misleading.) There are a lot of incentives for people who aren't the reporter to spice up the presentation.

I agree with you in this case though. The cutesy animation is 1.) a bridge too far and 2.) even the numbers themselves don't add any intuitive sense. Knowing how much money a company is burning per minute doesn't tell me anything until I multiply it out to a quarter or a year.

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#9

Post by thisisit » Mon, Apr 30, 2018, 10:20 AM UTC

For all the discussions and/or criticisms about Tesla, I don't think there are any other better quotes than this:

Tesla’s current price is arguably fair if most cars are powered by electricity in 10 years, if most of these cars are made by Tesla, if Tesla can make those cars with sufficient margin and quality control and can service the cars properly, and if Tesla can raise additional capital sufficient to cover a $3 billion annual cash drain and another billion to service its debt.

Source:

https://www.researchaffiliates.com/en_us/publications/articl...

Re: Tesla Doesn’t Burn Fuel, It Burns Cash

#10

Post by buvanshak » Mon, Apr 30, 2018, 10:21 AM UTC

tway2888888 wrote: post #7

"“Elon Musk is an engineer, and so he treats raising capital as one element that he needs to solve,” said Andrea James, a former analyst" How is Musk an engineer? Musk has a degree in physics and economics according to Wikipedia. At least where I'm from, you don't call yourself or someone else an engineer if you didn't go to engineering school.

Even if you agree with that how is "treating raising capital as one element that he needs to solve" work any better that the, you know, the other, non-engineer like methods others use to raise capital?