I try to keep you all posted on every bit of bad news about this scam of a company but it's hard to keep with it all. Another quarter of operating at a loss - $47 million this time. This won't go on forever, even with the subsidies. Even Elon Musk isn't that stupid. Sooner or later, he's gonna have to pull the plug.
The Tesla is doomed to the same fate as the 1970's AMC Pacer. Everyone who wanted one, already bought one in the first years of production, and most of them will learn from experience not to repeat the same mistake.
All I can say is HA, HA!!!!!!!!
source: National Legal and Policy Center
Elon Musk still hasn’t given up his quarterly earnings schtick – in which he glosses overongoing failures and points to his latest tech idea(which is not really new) – and why should he? No reason to quit until it’s clear Wall Street has stopped worshiping.
Oh, sure, after another dismal performance (operating loss of $47 million) for Tesla Motorsduring the most recent quarter, its stock price took an immediate dive of 9-10 percent. But while that merely returned the electric automaker back to irrational exuberance territory – as compared to the drunken sailor highs it has enjoyed in recent months – it didn’t take long for some market analyst to restore the inflation.Update!!! Update!!!
Tesla burns cash, loses more than $4,000 on every car soldThat's nothing. The federal government loses $7500 on every Tesla sold.