Tesla lost $75 million in the most recent quarter, even as revenue doubled to $852 million. The future is also unclear for Tesla. Deutsche Bank predicts Tesla's stock prices will go up to $310 in the next few months. JPMorgan Chase says it will go down to $190, and Goldman Sachs says it will dip slightly to $216.
The tricky thing about Tesla is figuring out what’s important in any given period. Is it how many cars the company made and delivered (7,785 last quarter), or how many were ordered? What about the $350 million that will be spent this quarter to speed up production? Is it the demand for the Model S sedan or the promise of the forthcoming Model X SUV (now delayed another few months)? Maybe it’s how many charging stations the company has installed (206 in the U.S. and Europe). Or how its giant battery factory is coming along. To further complicate the picture, Tesla can crow about the energy credits and electric drivetrains it sells to other car companies ($124 million).
Its like other start-up companies. How long can you go on running a business when you are still losing money? Its crazy when you think about it. I'm surprised that Tesla survived the 2008 downturn.
Tesla was barely operational in 2008, they only just began selling the Roadster in limited quantities. They were insulated against the downturn realistically, Tesla was and still is catering to higher end clientele who were affected much less by the credit crunch. Luxury did not suffer one bit, only the proles...