Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

It was fairly obvious that this was going to happen when they announced their "Investor Autonomy Day" a couple of days before earnings. Get people thinking about the long term rather than this quarter.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#8

Post by hashberry » Thu, Apr 25, 2019, 12:26 AM UTC

> Mr. Musk, who had previously said the company did not need more capital, indicated that he had changed his mind because Tesla was now in a position to use capital more efficiently.

This concluding paragraph contradicts a quote in the middle of the article that explained the loss is due to inefficiency ("spiking costs for obvious strategy missteps really drew blood at the bottom line"). NYTimes journalists enjoy making Elon Musk look dumb, like when he smoked weed with Joe Rogan.

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#9

Post by arthurcolle » Thu, Apr 25, 2019, 12:28 AM UTC

LeoPanthera wrote: post #6

impostervt wrote: post #3

Short sellers must be gleeful. https://www.latimes.com/business/autos/la-fi-hy-tesla-short-...

After hours trading is mostly flat. So probably not.

Let's wait and see how they get treated on the open. The week's not over yet!

Re: Tesla Posts Big Quarterly Loss as Its Electric-Car Sales Lag

#10

Post by DamnYuppie » Thu, Apr 25, 2019, 12:28 AM UTC

I see this trend continuing for Tesla. Aside from Musk's leadership, which is very polarizing, I don't see their cars as being very compelling compared to the upcoming offerings of Audi and Porsche.

Tesla isn't really competing against Ford/Chevy/Honda/Toyota. Instead they are competing against BMW/Mercedes/Porsche/Audi. By comparison Teslas seems like a toy compared to those other brands so I will gladly wait and give either Audi/BMW/Porsche my money as I know what type of support I will get from each.