Quote from: freeyourmind on March 29, 2015, 01:46:52 AM

Quote from: twiifm on March 28, 2015, 05:39:07 PM

I misread your post. I thought you were saying tech guys should make economic policy or that they will somehow more important than finance.

I hope you realize Tesla only exist because of the finance industry. They sure arent selling any cars to that that valuation.

They don't calculate their margins like other car companies so their numbers are misleading.

BTW TSLA closed $185 on Fri. Hope your not long

I was responding to another post about theoretically having automation of labour, that would only require 5% employment. That would require a huge push in R&D, which would need to be driven by tech guys, because who else can do it?

Tesla was privately funded until 2010 I believe. So throughout the financial crisis, when they came very close to bankruptcy, the government didn't loan or grant Tesla anything. In 2010 they received a government loan, which has already been repaid in full, with interest. Then I believe they received another loan to expand their production capacity, and tax cuts from Nevada from building the gigafactory over there.

So the problem with Tesla right now, is their production capacity. They were only able to do ~33,000 cars in 2014, and will approximately double that in 2015. But still, they are a drop in the bucket in global car sales. So it's going to take a few years at the current momentum to be a big player in the industry.

Their GAAP financials will be normal COGS subtracted from revenues...what are you speaking of that's misleading? They have a lot of automation, and literally form the body out of raw sheets of aluminum, so their production facility is pretty efficient. Check out the videos if you're interested.

Yeah, I'd like to pick up some TSLA shares at this point, but all my USD are invested right now. I'm Canadian, and I don't want to convert CDN to USD right now because the exchange rate is ridiculous. I'll need to sell off some GOOG shares to free up some USD, but I missed the boat at $570+ a couple days ago. TSLA is a super volatile stock, because it's valuation is based on bets about the company well into the future - so very speculative.

I don't want to derail this thread too much but (1) they count lease as a sale. (2) they count ZEV credits towards revenues. Non GAAP shows revenues inflated like 40% over GAAP

Tesla is an investment banks wet dream. A charismatic CEO willing to use Twitter to pump the stock and legions of brainwashed investors.

Do you own a TSLA or know anyone who owns one?

How do you think they raised $3B of debt recently? CEO misleading about Panasonic investment, big China push timed w a pump upgrade from Morgan Stanley. Did you know they already burned through half of that money only actually spending $50M on factory?

Now investors imagination run wild about pivot to home battery biz??

CEO says production constrained while drop in Q4 deliveries due to bad weather and people on vacation?? WTF?? I would not call him a liar, but you cant take anything this guy says seriously.

Its your money but IMO TSLA is a short. It took long enough for the momo to wear off

I dont like GOOG technicals short term either if that means anything