Last week was earnings weeks for Tesla. We are going to change up the report a bit this week and discuss the top 5 FUD headlines before going into the regular #Pravduh about #Tesla report. My “kudos” to CNBC for covering Tesla in every which way possible, some of which I didn’t know existed or wanted to exist. I’ll start with two CNBC pieces.
Tesla reported financials for the 4th quarter of 2018 and for all of 2018 last week. The company also gave some guidance for the coming quarters. The results included Tesla’s second consecutive quarter of profits, which came after months of Wall Street analysts and the financial media claiming that Tesla was about to run out of cash (and might even go bankrupt), couldn’t possibly post a profitable quarter in 2018 (and certainly not two quarters of profits), and would need to raise money again to fund its massive “cash burning” production processes.
WARNING: This article is centered around faux distortions of positive Tesla news, like you might see from Seeking Alpha or Wall Street analysts. The point is to add context and perspective (after the faux distortions) to the kinds of reactions you might see on larger media sites like CNBC and Business Insider.
A recent EV growth report by Deloitte gets key facts wrong, ignores Tesla, and projects EV growth rates to be drastically slowing, glacial, after reaching just 20% of market share in 2030. And these guys call themselves professionals? Let’s help them out.
The next month may be one of the most important for #Pravduh about #Tesla, because the people — including shareholders and potential investors on the sidelines — are being misled.
This week might be one of the worst FUD repost weeks since Elon’s Weedgate FUD catastrophe. Tesla announced at the end of the week that it will be cutting 7% of its workforce.
I received quite a few comments that running Tesla’s finances through a lemonade stand confused readers. I realized two things. People without a financial background loved it. People who fully read Tesla’s SEC filings for a mid-morning snack hated it, or at best tolerated it. 😉
This past week was one of the most positive and least negative we have had so far with regards to Tesla headlines in the mainstream media, but it doesn’t actually break any records. There were a few unusual things about the news coverage this week. For example, Bloomberg was extremely positive. That said, a lot of news can’t be categorized easily in a topic group of recurring headlines, and more so when not related to Tesla stock. Two good examples this week:
This week, we have a very special report for a variety of reasons. Ever since we started our Pravduh initiative, people have suggested other news sources. So, we decided to add multiple new news sources in 2019, also going all the way back to September 1st (collecting and rating all articles from these sources) in order to maintain the ability for month-to-month and year-to-year comparisons. The news sources being added are: CBS, NBC, Los Angeles Times, Washington Post, New York Post, and Huffington Post.
Nearly 2½ years ago, I wrote an article titled “22 Ways To Delay The Electric Car Revolution.” It was hugely popular and led to numerous suggestions for additional methods of delay, so I ended up turning it into a list of 50 “tips” for slowing down the electric car revolution. … [continued]
