As promised, we now present CoverDrive's Tesla (NASDAQ:TSLA) earnings calculations for Q1 and Q4 2018. They assume Tesla will ramp up Model 3 production at the rate it most recently promised. Let's get right to the point. Even with a successful Model 3 ramp, Tesla remains structurally bankrupt. Before I go through the numbers, let me explain what CoverDrive means by “structurally bankrupt.” Let’s begin with what it does not mean. It does not mean Tesla will file for bankruptcy in 2018.
Somehow, I awoke this morning to discover that, despite last night's staggering Tesla (NASDAQ:TSLA) semi reveal, my mind was still within my skull, and not in some alternate dimension. How about the rest of you? Are you all still there? I must have dozed off at the part where Tesla explained where it would get the money to develop the truck, where it would build it, and why it's so confident that when it does so, it will have technology that does not yet exist.
I had intended to finish writing about the latest 10-Q, but some distractions came my way. So, we’ll get to the Q, soon, but not now. Edward Niedermeyer of The Daily Kanban and Tim Higgins at The Wall Street Journal were among the first to detail the Model 3’s production woes. I wrote about that here. Predictably, some commenters attacked Niedermeyer as a purveyor of “fake news” and attacked The Wall Street Journal as bearing deep animus toward Tesla (NASDAQ:TSLA).
Let me be blunt: even if $TSLA executes perfectly hereafter, it will lose $2B in 2018, have massive losses once Model 3 has ramped, & will remain structurally bankrupt. So, expect to hear more about semis, Roadsters, Model Y... https://t.co/J9nLY53wdx
The same thing I said when $TSLA battery swapping became a reality and Solar Roof tiles began to be sold. Nothing, because they didn't happen and mega panels won't, either. Do you like being Musk's chump? https://t.co/TnSexIinbO
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Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
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Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
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Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
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