Tesla posts first annual profit

Discussion in 'General' started by 101101, Jan 30, 2020.

To remove this ad click here.

  1. 101101

    101101 Well-Known Member

    Some FUD was out there trying to say Tesla had not posted its first annual profit. But it did by the most common accounting method post its first annual profit.

    Lets do a FUD run down for the week. An article claimed Jag and Audi electric SUV's outsold S & X in the EU. Wrong class of vehicles! Better to point out that Tesla made the Mercedes S Class and the BMW 7 Series irrelevant globally. And of course the Model Y just went into production.

    Saw a typical paid to mislead Ars Techinica article claiming a $300 projector could trick autopilot. Well that projector could trick a human and cause an accident as well. A $4 pen laser could cause an accident if used in felonious ways.

    Bank of America keeps thinking the fossil fuel too big to fail scam will be allowed to continue, like last time when B of A was part of collapsing the global economy with its fossil fuel derivatives fraud. So it keeps projecting its own situation downward on Tesla. It is in serious denial about "too big to fail" coming to an end. Just look at Australian and Black Rock, the GOP and Trump changing their tune on climate change. Bank of American might note that Tesla has greater valuation than the Big 3 combined now.

    Corporate Social Responsibility of the serious variety looks like it will be the driver going forward. And it makes me wonder why anyone would put money in Apple as opposed to Tesla. Apple hasn't even managed the transition to 5G. And what has it done for the world lately? Really what could it do? Improve a cell phone? Tesla is orders of magnitude more important, Apple has no direction and no ambition, its rotting capital.

    Noticed the FUD trying to say Tesla had failures. Where? Those were all wins! Noticed FUD trying to say short losses are paper losses. Wrong! Short losses are dead losses or worse when the shorts positions are uncovered with underlying preexisting stock purchases- fall is bottomless!

    Which brings us to the so called moderate Dems. These people are the worst kind of sell outs. Any politician taking fossil fuel money needs to be doing life in solitary without the possibility of parole. Biden, pure natural (toxic) gas taint utterly un-electable. Like Hillary, she used to push natural (toxic) gas around the world under Haliburton during the W scam. She took money from Rupert Murdoch, her actual values are Koch-ian and she was against Assange and for domestic spying. Klobuchar- the US Thatcher- surely took some petrol money- no? Butigieg- running on orientation social gloss issues and selling out. Dems actually produced some viable candidates: Bernie, Gabbard, Yang, Steyer, Warren...... worst case Bloomberg (he's still to weak on petrol.) But their main stream candidates are pure absolute sht. The lamestream candidates are about allowing parasite rent seekers made wealthy on stealing all the time energy and potential out of most peoples lives to keep doing thieving and to hold onto the ill gotten gain- they are about making sure justice and law enforcement don't actually work. Why the hell would another Bush or Clinton try to be part of US politics, the population must reject and outlaw that nonsense.
     
  2. To remove this ad click here.

  3. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Source_1: https://www.nasdaq.com/market-activity/stocks/tsla/short-interest

    SHORT_010.jpg
    Multiply the stock price times the quantity and you'll get an idea of how much SHORTs lost.

    Bob Wilson
     
  4. 101101

    101101 Well-Known Member

    Yep. Looking at the FUD today. Now Popular Mechanics and Motor Trend rand that idiotic FUD about being able to trick self driving systems with sabotage. Sure shine a light in someone's eyes and cause an accident, or repaint the lines on the street or project a phantom on the street and cause a heart attack. Pure utter stupidity so they could deliver the FUD their fossil fuel masters wanted about self driving being far off at best. Same thing with Ed Markey, co-signs the GND so he seems to have credibility but responds to the petrol masters money he took a bunch of by bad mouthing a tech that is better than air bags and seat belts combined.

    Same thing with the utterly stupid FUD about solar city. Musk was only supposed to be motivated by greed for parasites on that decision, he could never be motivated by doing what was right for humanity, that was some sort of crime. And there is no attention given to the seemingly blatant fraud Buffett's NRG perpetrated in the state to try to retroactively jack up solar rate payers rates to benefit he bs toxic gas industry.
    Its just like in CA under another fraudulent GOP admin, they are trying to run another Enron fraud.
     
  5. 101101

    101101 Well-Known Member

    Saw to BI articles the point of which was just to claim that Tesla hadn't made an annual profit. Not true- point of thread. And to spread the FUD that build quality wasn't consistent. This is getting paid to lie.
     
  6. DaleL

    DaleL Active Member

    The Verge: "Tesla still didn’t turn an annual profit — in fact, it lost $862 million in 2019. But that was better than the $1 billion loss the company posted in 2018. The company pulled down a $105 million profit in the fourth quarter, though that was boosted by the sale of $133 million worth of regulatory credits to other automakers." https://www.theverge.com/2020/1/29/21113987/tesla-q4-2019-earnings-results-profit-revenue-model-3

    The Verge story also included: "...Tesla has bought itself more breathing room than it’s had in years, maybe ever. The company spent the last few years — especially 2017 onward, as it started spinning up production of the Model 3 — moving at breakneck speed with little margin for error. Tesla CEO Elon Musk even said in late 2018 that his company was single-digit weeks away from death at one point."

    "Tesla finished 2019 with $6.3 billion in cash, more than ever before. Its stock price is high enough to absorb any litigation-inducing tweets from Musk, bad news from regulators, or negative Wall Street soothsaying."

    All in all, Tesla is doing well and still expanding rapidly. However, Tesla's sky high stock value is based on potential future growth. At present, EV market share worldwide is in the low single digits. This provides the potential for enormous growth.
     
  7. To remove this ad click here.

  8. bwilson4web

    bwilson4web Well-Known Member Subscriber

    I think we’re seeing a slow-motion, SHORT squeeze. An unstable process, it will accelerate until those who “loan” the stock give up. Massive losses for SHORTs are coming and their stealthy attempts to cover their margins will soon be the bankruptcy they wished on Tesla.

    Bob Wilson
     

Share This Page