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A 9% adjustment isn’t bad against a business that is running as hot as Tesla...
Are they running hot? They're in serious financial trouble and have been unable to meet self-imposed production levels. Now they're laying off thousands of people.
$4 billion -> $7 billion -> $11.7 billion -> ~$17 billion
How is 4x growth in three fiscal years anything other than running hot?
This is definitely the move of a company in the process of scaling up production of their mass market vehicle that their valuation hinges on. Definitely not about managing cash flow.
Are you missing a "/s"? Or do you mean that they are preparing for another round of funding and want to improve their valuation?
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Considering demand for product is outstripping their ability to produce product, their sales & marketing teams are setting a high standard of work the rest of the company has yet to meet. Feels a little unfair if they were the ones getting axed.
Or maybe they aren't needed at all? Most people I know that want a Tesla have wanted one forever and weren't really coerced into it by sales and marketing.
A 9% adjustment isn’t bad against a business that is running as hot as Tesla...
Are they running hot? They're in serious financial trouble and have been unable to meet self-imposed production levels. Now they're laying off thousands of people.
Or maybe they didn't, and their choice of words is unintentionally amusing and ironic.
Tesla's market cap is $55B If you do a quick math let's say they sold 400,000 Tesla (which they haven't yet) at an average of $100,000 each (which is probably lower) its net worth comes around $44B. I feel like company is way over valued and there is lot of fluff in the evaluation.
I think of Tesla not so much as a business than as a charitable religious nonprofit that relies on donations to assist the disadvantaged in acquiring luxury automobiles. Never underestimate the power of belief.
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Are they running hot? They're in serious financial trouble and have been unable to meet self-imposed production levels. Now they're laying off thousands of people.
They are not in financial trouble. Most people are only skeptical if they can do it without raising capital. However everybody agrees that they both have many costumers waiting and would be able to raise capital. Nobody believes that Tesla is in real real serious troupe.
Lots of customers is good, but the more cars they have made the more money they have lost. Negative operating leverage is really bad for any company, but especially one as cash intensive as manufacturing vehicles.
I'm rooting for them, but Tesla is indeed in serious financial trouble. Just ask Elon who fired 3,500 people so he could make the books look nicer.
Tesla and SpaceX are businesses and I never understood the public fandom behind them and Elon Musk. 3,500+ people losing their jobs is pretty significant for a leader who touts altruism as one of his top motivators.
Strange statement. Why would a business guy be judged on firing people. Its not like he is running a charity. I like SpaceX because of what they do, not because they 'provide jobs to the community'.
So they’re not a profitable business, and not a charity. What are they exactly?
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>> illegal efforts Yet to be determined by a court. Precision in language is important, no matter how heated you are about a situation.
Don't feed the trolls. He's a new account perhaps a UAW shill.
> It means that Tesla could let go over 3,000 employees in this round of layoffs. > The CEO also confirmed that Tesla didn’t renew its contract with Home Depot to sell its energy products at their stores. Tesla energy advisors were supposed to be at 800 Home Depots across the US earlier this year. If they had 3.5 employees per store, and a team of 200 managing the entire effort, these layoffs could be attributed enti…
I wasn't even aware they HAD a contract. My local Home Depot has zero mention of any product Tesla makes.