Tesla continued to rake in the cash in the second quarter of 2023, on the back of record global deliveries. The company brought in nearly $25 billion in revenue in the second quarter (Q2), which was 47% more than in Q2 2022. But let’s look a little more closely at … [continued]
My family used to say I had an obsession with Tesla and Elon. I bought a Model 3 as “investment research.” Not to mention it was safe, cool, and it seemed the good folks were making a difference for once. I have written many pieces supporting Elon and Tesla’s vision … [continued]
The financial situation at Tesla has for years been called its biggest weakness. However, I will explain in this article why I believe financials are a strength for Tesla, and one out of 7 reasons why Tesla will benefit from the crisis.
There have been many pieces on Tesla stock’s rocket run over the last month. According to stockcharts.com, Tesla went from a low price of 328.69 on December 2nd, 2019, to a closing price of 430.38 on December 27th, 2019 (it has dropped a bit since then). This is a phenomenal return of 30.9% gain in less than 30 days. I speculated earlier on many reasons why it happened. It turns out, though, the reason may be very simple. Wall Street analysts are expecting Tesla to earn higher profits in 2019 and 2020 compared to what they thought 3 months ago.
Analysts seem to talk about Tesla’s “cash problem” often, especially leading up to the $920 million bond repayment and after the Model Y event. Tesla has access to so many sources of liquidity that the “cash problem” is a mythical problem.
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. 😉
I planned to write my usual straightforward analysis forecasting Tesla’s Q4 financials. Then this headline caught my attention: “Tesla Short David Einhorn Says Last Quarter Was ‘As Good As It Gets.’”
Originally published on EV Obsession. Full Disclosure: I’m an investor in Tesla (TSLA). That is, I own stock in the company and don’t intend to sell it for at least 10 years. As such, I may be biased, but I have enthusiastically covered Tesla for much longer than I’ve been a … [continued]
