Looks like the down-voting has begun, whatever. I won't let people on this site get in the way of voicing my own personal view and opinion on Tesla and their losses. Feel free to disagree.
Looks like the down-voting has begun, whatever. I won't let people on this site get in the way of voicing my own personal view and opinion on Tesla and their losses. Feel free to disagree.
Tesla Motors has only been around for 10 years (founded 2003), and their first product didn't sell until 5 years later. I think it's safe to say that Tesla Motors is still a startup. They are a startup in an industry that measures time in decades.
Dave McClure makes a fair point that until a company works out the following three things, they're a startup, not a business.
1. What its product is,
2. Who its customers are.
3. How to make money.
So yes, a post-IPO company valued at $21B which still hasn't worked out two of those three items is still a startup in my opinion...
To me, Tesla does seem to have IPOed unusually early. The "usual route" I have in mind is that tech companies typically acquire some very significant market share before their IPO. Tesla look like they're still getting started.