Tesla is really an interesting play but their P/E prevents me from making the jump What PE? The one from 2020, 2030 or 2050? :)
The battery plants are financed by Panasonic. Committed to building Lithium Ion batteries that could become obsolete any day, is years away from being finished to the original goal of raw Lithium in one end and batteries out the other. And already has massive competition from China, Europe and Korea. LG Chem has the capacity now to produce 300,000 cars and is adding.
autonews.com
onestepoffthegrid.com.au
Tesla is Losing money hand over fist and wants more with Solar City. Everything they sell is a commodity business. Cars. Solar. Batteries.
Nothing is new and revolutionary. It's just reengineered. You could call some of it new and evolutionary. Which is nice, but just doesn't support the massive valuation based on future sales, and margins that will come in as competition grows, which happens with all commodity businesses.
I have been following the story for years now. Bought in when the S was announced. Sold all my stock and options back in 2013 after the run and have been nothing but short (in and out) since.
Sorry to rant like this, but Tesla drives me crazy. I love technology. Support the need for this company and what it does, but can't support the reckless financial management and constant dilution of shareholders with never ending stock offerings.
Elon is trying thread a needle with a bow and arrow from 1000ft.
Dan D.
P.S. These Nikola trucks on the other hand, make me want to start a truck leasing company. I was researching the advantages. From what I found out, the advantages are not quite what they say, but if they hit their targets, it will still outperform Diesel in a lot of ways. |
