Things at Tesla are worse than they appear | CNN Business
Things at Tesla are worse than they appear | CNN Business
How bad are things at Tesla? So bad that it would have lost money in the first three months of the year had it not been the sale of regulatory credits, credits that could be going away if the Trump administration gets its way on auto emissions rules.
It was only able to post a $409 million profit in the quarter thanks to the sale of $595 million worth of regulatory credits to other automakers.
But if the Trump administration gets its way, the company can kiss those regulatory credits keeping it in the black goodbye, too.
Bwahahaha.
You mean just maybe Tesla isn’t worth more than all other car makers combined. I can’t believe it.
Que Halo 2 marine scene “I don’t believe it!”
Cue
Don't worry, he will angel invest in something else, force the owners out, and steal the idea soon enough. You don't change what works.
“We’ve gone through many a crisis over the years and actually been… on the ragged edge of death – at least, maybe a dozen times,” he told investors on the conference call Tuesday. “This is not one of those times. We’re not on the ragged edge of death, not even close. There are some challenges and I expect that this year will be probably be some unexpected bumps this year but I remain extremely optimistic about the future of the company.”
I was wondering why the stock price got so much air in the last few days. He got on the phone with his tech bro stock holders and promised miracles. But... Full Self Drive is a joke, there aren't any new models being developed, the cyber truck is a disaster, and he's outted himself as a mother fucking Nazi. It may take a while but his bag of tricks is running close to empty and being a ketamine junky isn't helping him.
.. . and Tesla stock is somehow STILL over-valued.
It’s really outrageous that it’s illegal to sell snap benefits, but Tesla can make like half of its income off of doing nothing but selling regulatory credits to other auto makers, and it’s also the only thing that is allowing them to stay afloat right now it seems like.
They are getting wrecked because the CEO is a Nazi schatze and other companies are innovating in a practical, deliverable manner and not selling vaporware.
That’s a good one-two punch in the grapes for any company.
They appear very bad
Let's do what we can to help them be even worse.
The Tesla board is not doing its job to protect the investors by keeping Melon as CEO!
We’re not on the ragged edge of death, not even close.
Musk is very confident that they're not on the "ragged edge of death". So they're definitely on the ragged edge of death.
I just hope that if/when they go under that the charging infrastructure they built up is able to remain.
Someone like Electrify America will buy it up.
Good
(F)ELON
How did I not notice this until now?