Posted on 07/24/2019 2:46:18 PM PDT by nwrep
Tesla (TSLA) posted disappointing results on the top and bottom lines in the second quarter, even after the company reported record deliveries during the same period.
Here were the main numbers from the Palo Alto, California–based company’s report:
•Revenue: $6.35 billion vs. $6.44 billion expected
•Adj. loss: $1.12 vs. 31 cents per share expected
Shares of Tesla fell 10.17% to $237.95 each during extended trading.
(Excerpt) Read more at finance.yahoo.com ...
I’m amazed that they made anything off of these lemons. Why not just raise chickens and use the methane from their fermented droppings to power vehicles. Same difference, only the power plant is far enough away that you don’t smell it.
Shares of Tesla fell 10.17% to $237.95 each during extended trading.
...
Tesla was at $179 on June 3rd.
1.4% below goal is somehow horrible?
Looks like a good time to buy.
Are millenials figuring out that if a company perpetually loses money it is worthless?
Could have just checked with Gov motors and that idiot volt thing. Or Datsun and a leaf.
But... aren’t crowds of folks rushing out to buy electric cars?
Why don’t you test drive one? It doen’t cost anything.
Tesla set a record for deliveries.
Sorry but the Kool Kalifornia Electric Kar Kompany hassome fundamental problems. Seems that unless brutally coerced by government regulations, the vast majority of consumers prefer the all weather, all terrain range , reliability, familiarity, durability and convenience of the internal combustion engine. Ford, GM and VW made huge investments in electric vehicles which they cannot sell. Their huge non performing capital investments are a corporate cancer. Tesla will survive as a niche product for the kreepy, kool of Kalifornia. Who in their right mind would drive an electric vehicle in winter or if their livelihood depended on it? Be very careful buying Ford or GM stock. Also Deutsche Bank financed many of these green craze schemes and is sitting on non performing loans.
A few people I know have a Tesla and love it.
•Adj. loss: $1.12 vs. 31 cents per share expected
Unless there is a BIG piece of info missing from this to explain away the loss difference, I dont think it’s such a great time to buy.
Unless the fed gov is still holding it up
I totally enjoy my 14 yr. old brace of Turbo-Diesel, manual transmission Station Wagons.
FMCDH...
I hope they do well. Apart from Tesla we’re down to two auto makers, and we need to keep what we have.
Buy a taxpayer subsidized Tesla then bitch about the person in front of you at the grocery store using their EBT card to buy groceries for their kids.
Tesla is neither the savior of man, or the boondoggle some folks wish it was.
The car has come a long way, and I expect to see it get even better.
These smart cars will become a part of the electric power grid. As such it won’t be as easy to shut down our power grid.
We won’t have to build as much conventional infrastructure.
Look, I get as sick of the global warming/Climate Change folks as the rest of you. This still doesn’t mean that Tesla has nothing to offer. It does.
I have cut off my subscription to two YouTube content providers that can’t talk about electric cars without telling lies about the danger the planet is in.
It’s pure nonsense. There no need for us to go nutz in the other direction.
I also like the car and if they were competitive in price with gasoline powered cars I would like to have one.
Still, someone has to generate the electricity.
I can see how grid-intertied Tesla batteries could be useful to the grid in a brownout, but these cars don’t generate power, they use it.
Fake company has been a scam since day one...
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