Tesla breaking to new highs and still expected to reach the target at $306 area http://elliottwave-forecast.com/stock-market/tesla-in-your-portfolio/ #ElliottWave
Tesla breaking to new highs and still expected to reach the target at $306 area http://elliottwave-forecast.com/stock-market/tesla-in-your-portfolio/ #ElliottWave
and they don’t make money
Fast facts on TSLA:
Of their 1.8bn in positive cash flows last Q, 1.7bn came from stock sales.
Of their 200mm positive cash flow from operations, **400mm came from taking deposits on a full year’s worth of production**
They have produced less cars in their entire existence than Ford does in a month, yet have comparable market caps.
They just acquired Solar City, which has a MASSIVE debt load, essentially with TSLA stock as the currency
They paid over 200mm in compensation last Q with TSLA stock comp.
Their production requirements will require raising another ~11bn
Competitors Chevy Bolt won MT car of the year 2017 (aka others with more experience and scale are catching up, or passing them)
Never in my life have I seen a company with such horrible fundamentals, it is INCREDIBLE. Please just look at a single K or Q. The growth required to justify their current valuation is just staggering..
I am debating the right way to do it now, and then will be opening up a significant Put position with a late enough expiry to wait this madness out.