THE TESLA MOTORS CAR COMPANY IS DOA!
Last Wednesday, Tesla reported June-quarter sales of $2.3 billion. Despite a 25% gross margin on its cars, Tesla lost $336 million, or $2.04 a share, and that was after selling $100 million worth of “zero emissions” tax credits to other carmakers. Those losses and the capital spending for the Model 3 production line consumed more than $1 billion of cash in the quarter. Ramping capacity to build the Model 3 at an annual rate of 250,000 units will require another $2 billion in capital spending before year-end 2017.
Tesla’s capital-spending plans “will make your eyes water,” wrote Morgan Stanley’s Adam Jonas on Wednesday, adding that “time will tell if they are tears of joy.” In May, Jonas tamped his enthusiasm for the stock down to a Neutral rating when Tesla shares shot past his price target of $305. Bears like Cowen’s Osborne have targets far lower.
While Elon Musk Buys “reviews” from main stream media fraud news, the truth is out: Tesla is the most dangerous car maker on Earth
Tesla Cars Have More Deaths And Destruction Per Volume Than Any Car In History!
TESLA BRIBED FDERAL OFFICIALS TO AVOID DOING THESE SAFETY STUDIES. TESLA HAS NEVER COMPLIED WITH THE SAFETY STUDIES REQUESTED BY CONSUMER GRIUPS BECAUSE TESLA WOULD FAIL!!!!!