Okay, because I know I'm probably going to be attacked by fanboys for merely suggesting that Tesla might not survive, let me start here: *I* am a Tesla fanboy. I lease a 2016 Model S P100D with Ludicrous mode. I absolutely love the car. I sing its praises to anyone who will listen. And I love being a bit of an evangelist for electric vehicles because, in my opinion, they beat cars with internal combustion engines in almost every category. And, in case someone accuses me of being a short seller (as I often see happening in these forums), I have no idea if I own Tesla stock or not. My portfolio is managed for me. I don't own many individual stocks; the portfolio is mainly managed funds composed of many stocks.
I'm posting this question because I'm beginning to be deeply concerned about the company's future. And it's really bumming me out. As we all know, Tesla struggled to get to the point where they can produce 5000 Model 3's per week. They got there. But not with the $35,000 model they promised. They're only producing Model 3's that are much more expensive than that. And the Model 3 reservation holders are (I would guess) largely a group of people who are more price sensitive than those of us who own Model S and Model X cars. So that hasn't looked optimistic to me for weeks.
And now, today, they announce the largest quarterly loss in the company's history. I just don't see how this can continue. It makes me ***really*** sad and a little bit anxious to think this company might not make it. The very last thing I want is to go back to a gasoline powered car. But I also don't want to drive any of the other electric cars on offer like the Nissan Leaf, BMW i3, etc...
Does anyone else out there share my concern?
I'm posting this question because I'm beginning to be deeply concerned about the company's future. And it's really bumming me out. As we all know, Tesla struggled to get to the point where they can produce 5000 Model 3's per week. They got there. But not with the $35,000 model they promised. They're only producing Model 3's that are much more expensive than that. And the Model 3 reservation holders are (I would guess) largely a group of people who are more price sensitive than those of us who own Model S and Model X cars. So that hasn't looked optimistic to me for weeks.
And now, today, they announce the largest quarterly loss in the company's history. I just don't see how this can continue. It makes me ***really*** sad and a little bit anxious to think this company might not make it. The very last thing I want is to go back to a gasoline powered car. But I also don't want to drive any of the other electric cars on offer like the Nissan Leaf, BMW i3, etc...
Does anyone else out there share my concern?