By the end of this decade there will be 500-600 mile range EVs with fast charging (20-80% in 10 minutes) and demand will be huge for them. If he doesn’t keep innovating his company is toast.
To put it in investing perspective…Currently…
Ford PE Ratio (TTM) 10.67
GM PE Ratio (TTM) 7.53
Toyota PE Ratio (TTM) 7.72
Honda PE Ratio (TTM) 7.13
…
Tesla PE Ratio (TTM) 178.81
Tesla’s value is based on huge growth. If that doesn’t happen stock holders are in for a bad time to put it lightly.
So twitter is struggling and according to recent reports, demand for Tesla vehicles is dropping worldwide, with data showing a decline in sales across major markets like Europe and the US, marking the first annual sales drop for Tesla in over a decade; this is attributed to increased competition from other EV makers, potential consumer concerns regarding Elon Musk’s behavior, and a maturing EV market where early adopters have already purchased electric vehicles. Tesla share holders are concerned.
Yep.
They literally have thousands of Teslas that are not being sold just sitting in the parking lots of abandoned malls across the country.
There used to be a whole bunch of Cybertrucks over at their facility near 290/Hwy 6 parked in the grass but I passed by yesterday and they were all gone. Wonder what the deal was?
They rent the space, maybe they moved to another spot?
Seems his revenues are down significantly but profit is up since the days of Jack Dorsey. In fact, maybe there should be complaints about the profit margins
Interesting. Half the revenue but cut costs big time and doubled ebita.
Costing them rent, and property taxes for the inventory. That will be a drag on profits.
He did slash staff and removed safe guards monitored by actual people to stop misinformation and racist content.
He slashed the staff from about 6500 to just under 1000 to run and monitor twitter. Financially the site may be doing better than it did under Dorsey but the content is now awful and many advertisers have not come back.
That is interesting, good for him. I’m sure that makes his lenders and investors happy. At some point they are going to want growth, though.
I’m sure some banks were happy to get those loans off their balance sheet.
That was my first thought.
Yep, allows them to go make new loans.
The Big Short part 2 is on the horizon.
2 posts were merged into an existing topic: Moving to electric vehicles will dull recessions currently inflated by oil
Down doubie doo down down …
Did Tesla commit fraud in Canada?
What?!?! Elon games the system, again to enrich himself.
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