I'm sure it's a difficult problem and I'm rooting for them to figure it out but until they start to produce more cars, there's going to be people asking questions.
I'm sure it's a difficult problem and I'm rooting for them to figure it out but until they start to produce more cars, there's going to be people asking questions.
Obviously people have strong feelings about Tesla one way or the other, as it's obviously a pillar for the high-risk-high-reward ethos that gets people excited, but the future of Tesla is incredibly uncertain at the moment. Elon Musk is likely to be fired from his own company, they have to pay over a billion dollars in loans next year, their cash flow is a mess, and there is no telling when they will actually be GAAP profitable. I don't own TSLA stock nor do I have any short/put positions - but TSLA is almost as volatile as some cryptocurrencies.
https://www.bloomberg.com/news/articles/2018-04-11/apple-is-...
With that in mind, the dialogue about Jobs / Musk feels oddly familiar with institutional investors having major issues and everyone else probably being too optimistic.
It's usefulness is when you want to raise capital by floating shares; but Elon will just do that a lower price by diluting ownership more.