PPRuNe Forums - View Single Post - SpaceX Starship Explodes
View Single Post
Old 24th Nov 2019, 21:52
  #33 (permalink)  
ThreeThreeMike
 
Join Date: Dec 2013
Location: Dallas
Posts: 108
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by UltraFan
Oh, and do wake me up when Tesla, Inc. makes a profit. It's five billion dollars in debt and counting.
You're being too generous. It's over $10 billion, and when Sollar City is thrown in, it's a few billion more.

The outlook is bleak for those who blindly follow Musk. Their blindness, however, is easily seen in their willingness to overlook Tesla’s history of value destruction. I believe a five-year period is the most relevant to judge any company. I compiled the figures at the end of this article from figures published in Tesla’s 2Q2019 10-Q and Tesla’s 2Q2014 10-Q. The conclusion is inescapable: It’s just not working for this company. Musk is living on borrowed time

These figures are absolutely extraordinary. Tesla has issued 55.5mm shares (a 44% increase in shares outstanding over that time) and $10.7 billion of debt (a 450% increase over that time) in the past five years. Yet, Tesla lost more money on an operating basis in the second quarter of 2019 than it did in the second quarter of 2014. This is incomprehensible.


https://www.forbes.com/sites/jimcoll.../#d36a1b41dc22
ThreeThreeMike is offline