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Home / Tag Archives: Tesla, Inc.

Tag Archives: Tesla, Inc.

Germany Ends Tesla Model S Subsidies In Massive Blow To Company’s Government Funded Business Plan

Apparently German government officials have finally woken up to the realization that it's utterly ridiculous to use tax revenue generated primarily from middle and low-income households to fund subsidy payments to rich people buying $100,000 luxury sports cars.  As Business Standard notes this morning, the German Federal Office for Economic Affairs and Export Controls announced that it will no longer subsidize the Tesla Model S as it can not be delivered in a configuration that meets the...

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Cash Burn: The Slayer Of Headless Unicorns And Electric Rocket Ship Dreams

Authored by Mark St.Cyr, Cash burn, did you know that was, or could be: a problem? In days of yore (i.e., 2008 BQE) businesses actually had to survive by selling products and services at a price that was more than they cost to produce, as to cover all other ancillary expenses. (I know, heresy, but stay with me.) If they didn’t? They weren’t called a business, they were called a charity. If they did so manage to do this (i.e. continually, unabated, always replenishing ) for any...

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There Is Just One Thing Preventing Elon Musk’s Vision From Coming True: The Laws Of Physics

When Elon Musk stepped on stage at Tesla’s product-launch event earlier this month, he knew the market’s confidence in Tesla’s brand had sunk to an all-time low since he took over the company a decade ago. So, he resorted to a tactic that should be familiar to anybody who has been following the company: Shock and awe. While the event was ostensibly scheduled to introduce Tesla’s new semi-truck – a model that won’t make it’s market debut for another...

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Elon Musk Pulls An ICO

By Chris at www.CapitalistExploits.at First up, this beauty received by one of the crew here at HMS Capitalist Exploits: Marketing an ICO... Killer! The Tesla ICO Speaking of ICOs, last week something amazing, breathtaking, and revolutionary happened. We had another ICO... the very first of its kind. An Initial Car Offering. Pundits said it was an unveiling of the Tesla semi truck, but we now all know it was actually a thinly veiled capital raise. Like many...

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Morgan Stanley: Tesla Will Surge To $400 Before Crashing To $200

When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley's Adam Jonas (current price target of $379). To be sure, the relationship cuts both ways, with Jonas relentless enthusiasm 'for the EV maker granting Morgan Stanley a reserved spot for any future debt, convert and equity underwriting, as well as associated IB fees.  Yet, following the recent volatility in Tesla's business model, in which the "production hell" that is Model 3 has been quietly...

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“Hotbed For Racist Behavior”: 100 Tesla Employees File Lawsuit Alleging “Severe And Pervasive Harassment”

Poor Elon Musk just can't catch a break.  After admitting that Tesla hasn't yet figured out how to weld (a fairly critical task for auto OEMs), blowing through Model 3 production deadlines (which probably had something to do with rumors that 'the most advanced auto OEM in the world" was making components by hand), and firing 100's of employees, the embattled company now finds itself locked in yet another employee lawsuit...this time filed by over 100 black employees alleging racial...

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Amid Management Exodus, Tesla Fires Hundreds Of Workers

One month after Tesla lost its head of business development who wished to "spend more time with his family", and just weeks after the EV company's veteran battery technology director also unexpectedly quit amid a growing senior management exodus (full list at the bottom of this article), Tesla decided to even out the ranks on the bottom as well, and fired "hundreds of workers" this week, including engineers, managers and factory workers even as the company struggles to expand its...

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Tesla’s Dirty Secret: It Was Banging Out Parts Of The Model 3 By Hand

As it turns out, Elon Musk’s warning earlier this year that the Tesla Model 3 roll out would be “production hell” was an understatement. In a damning – if unsurprising – report, the Wall Street Journal revealed Friday that Tesla managed to produce only a tiny fraction of the 1,500 Model 3 sedans that it promised customers because key parts of the cars are still being assembled by hand, far away from the assembly line at the company’s Fremont factory. As of a few weeks ago, the advanced...

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Tesla Slumps As Model 3 Disappoints Despite “All-Time Best Quarter” For Model S, X Deliveries

Three months after Tesla disappointed shareholders by missing "bigly" on Q2 deliveries, Elon Musk has learned from his mistake, and reported Tesla's "all time best quarter" for Model S and X deliveries in Q3, with a total of 26,150 vehicles, more than the 25,000 expected, of which 14,065 were Model S and 11,865 were Model X, reversing the Q2 drop in the car which has received increasingly mixed consumer reviews. Combined, Model S and X deliveries represented a 4.5% increase over Q3 2016,...

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Porsche And Mercedes Plot Musk Offensive With “Anything Tesla Can Do, We Can Do Better” Strategy

Tesla you have a problem, well several actually. But, before we get into all the competition that is about to flood your market, lets take a look at some basic math surrounding your valuation.  Ford currently generates roughly $1,800 of EBITDA per vehicle and trades at a total enterprise value of $35 billion, roughly 3x their median EBITDA forecast for 2017. Now, clearly Tesla is a way better company than Ford could ever dream to be...but, just for fun, lets consider what kind of sales...

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