Quote from: freeyourmind on March 27, 2015, 02:45:36 AM

Quote from: twiifm on March 27, 2015, 01:00:08 AM

Oh please. Elon Musk can't even make Tesla profitable. Have you ever looked at their financials? Terrible

On a thread where there is criticism given to a our monetary system and money itself, and your input about an example for technological innovation and automation is about money and profits, then you likely missed the point.

Tesla is not profitable and doesn't plan to be profitable for the next few years. They are having to invest in infrastructure to grow production capacity and distribution, which Tesla has explicitly mentioned takes precedence to being profitable. He mentioned they're making about 25% gp, which is very profitable for the auto industry.

You've made it clear that you're not a fan of Tesla, but no one needs you to be one.

I trade TSLA regularly and I know their financials well. Elon Musk is not someone I want anywhere near our financial system.

First if all the guy is a stock manipulator. He might be a brilliant engineer and maybe even a great showman/ marketing hype man. But all he does is pump his stock before a debt raise and dump it when it gets too frothy. You know he did a $3B convertible w Morgan Stanley for his so called "gigafactory". They timed a pump where MS did an upgrade w a $300 price target. And like a few days later they announced the raise and dumped the stock from $265. If I was an investor, I'd be pissed.

LOL if you believe Tesla has 25% margin w NON-GAAP