Musk’s unrealistic timeframes appear to be contributing to some turmoil in the company’s self-driving unit. Musk is “upset that some team members have told him they can’t meet the timelines he has set for developing the technology,” according to
Overall, more than 30 high-level employees have left the company since the start of 2018. Most recently, on the company’s Q2 earnings call, JB Straubel, the co-founder and CTO who reportedly , announced that he would be stepping down from his position. In order to justify its current valuation of $225/share, TSLA must achieve 4% NOPAT margins – similar to GM or Ford – and grow revenue by 30% compounded annually for seven years. In the above scenario, TSLA would earn $133 billion in revenue in year 7. For comparison, Ford earned $160 billion in revenue last year, and GM earned $147 billion. TSLA’s valuation still implies it will achieve the scale and profitability of a major, mass-market automaker.
Investors already recognize the serious problems with Tesla, as evidenced by the 27% decline in the stock YTD. I expect the stock to continue to fall over the rest of the year and into 2020, as Tesla continues to miss its targets as a result of underinvestment, constant turnover in the executive ranks, and unrealistic promises.
Forward looking statements are not “promises” The mission statement is being executed perfectly “to accelerate the world towards sustainable transport.” Either lead follow, or get out of the way pls. This article is parasitic & contrived yet a backhanded advertisement for Tesla!
Does that account for operating expensive on opening GF3 in China?
What do you have against Tesla?
Hilarious!!! 'Tesla’s Q2 results show the company has dramatically scaled back its investments in new production capacity, self-driving research, and other technological innovation.' What about the factory being built in Shanghai? Or the frequent updates to autopilot? fud
Broken promises? .... 😅Humans... Smh. How primitive are we? Shouldve made mandatory universe law that no gas power cars could be driven yet we still complaining about Tesla...... A company that's at least trying to preserve this world... Or help at least........
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: Forbes - 🏆 394. / 53 Read more »