Boy how low-tier news sources like to throw around the ‘C’ word. Tesla Motors is down a quick 7% on the session after they reported delivering 17,400 vehicles in the fourth quarter. The number was met with grief because the company delivered as promised.
The management team at Tesla estimated 50-52k Model X and S cars would be delivered, and they managed to deliver 50,580. This sounds like a company that has a decent handle on their process and did a good job communicating with the dolts of Wall Street.
The stock was up 8% in 2015 and erased those gains in a single day. It sucks, I suppose, but it is not a crash. Welcome to high valuation story stock investing, asshats.
Cavemen like to point to the burn rate over at Tesla with their stubby fingers, citing their negative $550 million dollar net cash flow last year. They talk about how this path is unsustainable. I do not listen to close minded, bumbling fools. I do listen to top Tesla employees, however, and rumor is they have a cash flow positive party planned for 2016. A big one.
I consider any major dip in Tesla a buying opportunity. I also consider minor dips buying opportunities, but for now I am just chilling–letting the pros slug each other in the ribs and scrotum (scroti? is there a plural form?).
Tesla motors is not crashing. It is taking heat on a hot market day. If you cannot take it, buy some burnt up carbon like WMT.
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Elon, i.e. the smartest guy on the planet, will come out on top
no doubt
I can’t sip on this flavor of kool-aid. I will have to sit out on the cash flow positive party until I see that R&D shaved inches lower
Who else would you prefer to see spending dollars researching the world’s biggest limitation-the storage of energy? The government? Pfffffff….I say let’em spend.
The science on that has been around a long time. Perhaps they should redirect their efforts towards cold fusion. Or lottery tickets.
I don’t follow tesla at all but aren’t they only remotely in the range of being profitable because of the cafe credits they get to sell to the other auto manufacturers