Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
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Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#2Seems like they’re having so many problems lately. It’s too bad.
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#3And their Chief People Officer, is not coming back from her leave.
From the outside it looks like Telsa is about going to go into a tough winter like moment.
They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit.
They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing.
Stop and think for a second that Tesla is one earthquake away from no longer being a company.
- They are cash flow negative,
- they have about a year of cash runway left( optimistically)
You can't just collect insurance money and build a new factory like you can with a house, this is a many year project.
Tesla can't afford to not build cars for multiple years.
Forget the SEC investigation hanging over their head. From what I read, they are likely to get a large fine and a strong talking to.
And the most worrying thing for them is that their next car will compete head on with Mercedes, BMW, Audi, and GM. That will be the first time they've had to compete head on with a competitor.
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#4A while ago I considered reserving a model 3, but I eventually decided against it. Feel like I dodged a bullet, there.
There was a time where Tesla had a genuine advantage over the incumbents, but it never was enough of an advantage to overcome their lack of experience. That's only obvious in retrospect, I suppose.
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#5And their Chief People Officer, is not coming back from her leave. From the outside it looks like Telsa is about going to go into a tough winter like moment. They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit. They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing. Stop and think f…
If they are at capacity, why don’t they charge more money?
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#6Non-amp URL: https://www.bloomberg.com/news/articles/2018-09-07/tesla-chi...
Better formatting, no hideously pixelated photos.
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#7IMO, they should fire musk, slow down their blue-sky research projects, rip autopilot out of the cars, and just build "boring" luxury electric cars with huge profit margins and rake in cash.
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#8And their Chief People Officer, is not coming back from her leave. From the outside it looks like Telsa is about going to go into a tough winter like moment. They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit. They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing. Stop and think f…
They can't afford any capex on new factories though. They are extremely close to breaching covenants on their debt and personally can't understand why they are not raising equity money as their stock price, despite Musk's crazy antics, is holding up well.
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#9And their Chief People Officer, is not coming back from her leave. From the outside it looks like Telsa is about going to go into a tough winter like moment. They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit. They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing. Stop and think f…
Same comments for 6 years now. Bla bla bla
Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges
#10And their Chief People Officer, is not coming back from her leave. From the outside it looks like Telsa is about going to go into a tough winter like moment. They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit. They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing. Stop and think f…
If they are at capacity, why don’t they charge more money?
>They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit.
Source?
They are now at capacity and they are expected (by Tesla top management) to announce profitablity for this quarter. In other words, they were not a capacity last quarter and not profitable.
That's why with the record sales and production of this summer, Q3 earnings publication will be very interesting. But we won't know the actual result until end of October. By then, the shorts (with billions in backing) will do all their best to give the company an extremely bad look. Because if Tesla manage to turn a profit this Q3, they'll lose dozens of billions. It's now or never for them.