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tway901010

9 karma · joined April 14, 2018

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tway901010··on Musk says Tesla will be profitable in Q3 and Q4
>The last two dozen, or more, Tesla threads I've read on HN, have been approximately 95% negative.

Maybe people are tired of the endless claims from the Tesla fans that "everything everyone else has ever done before is wrong".

Maybe the rest of the manufacturers aren't that stupid? Why do so many people here root against Ford and GM?

>have claimed Tesla would never mass produce the Model 3

Yet to be seen. Right now they are hand-building cars for huge losses. There's no "mass" production (on an automotive scale), and there's no $35k Model 3 in the foreseeable future. Have you given thought to why people might make such a claim? Or are you of the mind that Musk is infallible? Maybe people tire of being called dumb because they don't believe "air friction" is holding back the assembly line?

>Now they're tracking to 100,000

According to whom? Tesla won't release the numbers, and the Model 3 tracker from Blomberg shows 2,300 per week. Maybe it's exaggerated claims like yours that spur negative sentiment?

tway901010··on Musk says Tesla will be profitable in Q3 and Q4
>Before claiming he is stupid, you need to read the balance sheet

Before you tell someone they need to read the balance sheet, you should read the balance sheet.

Tesla has $3.5BB in cash, which they are burning through at the rate of almost $1BB a quarter, and have $4.1BB in accounts payable. Those are "bills", and their cash doesn't cover that amount, let alone the long-term debt payments.

They've been accumulating cash by letting their bills pile up; this figure grew over $1BB quarter over quarter.