Watching some EVinsiders video on YouTube last month they summed up the car industry by saying that by about the end of 2018 every major car maker will have an all-electric offering.
Will be interesting to see the value of Teslas stock then.
Tesla really is the ultimate example of this famous quote.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
http://www.goodreads.com/quotes/831517- ... ng-machine
Using Google financial you can bring up the craziness of it all..
Tesla lost 773million dollars in the last year which is about above better then normal for its whole history. While companies of equal value like Ford and GM made 9 billion dollars, thats 9,000million...
And there is no logical reason why Tesla will start making money soon with its $35,000 Model 3, logically it will be sold at a loss as well.
https://www.google.com/finance?q=NASDAQ ... 0AT0tL6IBQ
Tesla is a great example of the awesome power of of just folks just liking a product/clueless investors/massively distributed risk.
I guess I should point out that Tesla does regular capital raisings, where new shares are created for investors to buy which dilute the value of the existing shares, its been frequently pointed out that Tesla likes to do relatively small capital raisings each time, possibly to lighten the stock price drop when done to less sophisticated investors/share holders. This essentially becomes free money to Tesla unlike bank loans, as long as folks continue to bid up the price of the stock the diluted value of the shares get repaired. Saying they are putting money back into expansion with their own money/earnings is a dubious claim because they always record a loss.
Tesla Motors has raised $1.46 billion in fresh capital from the sale of its 6.8 million new common stock offering
https://www.forbes.com/sites/steveschae ... 2b996d6246
I know I am sounding all negative but I am just pointed to figures here.. Its a pretty fascinating reality to look at.. But I think I have deliberately decided to be critical of Musk since that death of an owner in his self driving Tesla, someone dying due to a Tesla vehicle that couldn't deal with slightly changing road conditions and still have folks in general want to suck Musks junk off is just going all too far for me. Its the same but inversed for me sticking up for the nuclear boogeyman, someones got to do it.