That Tesla is falling apart, that the launch was intended to be a distraction, and that Teslas engineering is bush league.
It seems you're basing your opinions on the Model 3 production delays and the fact that the company hasnt shown a profit. Delays (especially for a brand new model) are pretty normal in the car business, and don't indicate a major failure. Tesla Motors wasn't ever expected to be an instant money maker, and it doesn't seem to bother the huge numbers of investors that have made it one of the most valuable companies in the world.
And those same investors are selling them like hotcakes driving down the price.
Delays for a company without any market share won't last. GM has sold tons of Bolts this year. Tesla missed out.
It is a distraction, Musk said, "If we can put a car into space, we can make model 3s". He connected it to the event But they can't make model 3s as has been shown over and over again. Just another day at Tesla:
And again another delay.
Production holdups for Tesla’s Model 3 electric sedan are translating into delivery delays for many would-be owners, new reports indicate.
The electric car maker’s bid for the mass market has run into trouble in spite of what the company has said are nearly half a million Model 3 pre-orders. The firm has twice delayed its 5,000-cars-per-week production target, which still stands at sometime between April and June, Tesla announced during a conference call with analysts Feb. 7.
Tesla is struggling with what every Silicon Valley company taking its moonshot must ultimately do: scale. It expects to sell 100,000 Model S and X vehicles this year, meaning zero growth on that front. And even as Tesla boasts of growth on every other front, there's precious little to show for it in terms of operating leverage. For example, revenue jumped by 44 percent in the fourth quarter, year over year. Yet the company's gross profit increased by less than 1 percent, and its net loss more than tripled to its worst ever.
https://www.bloomberg.com/gadfly/ar...nings-putting-cars-in-space-but-not-showrooms
You haven't followed the stock or the company. I have followed it everyday for months.
The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company's mounting losses brought him back to Earth again.
Tesla Inc. posted a record quarterly net loss of $675 million in the fourth quarter, up from a net loss of $121 million in the same period a year ago. The Palo Alto, California, automaker is struggling to meet production targets for its first mass-market car, the Model 3 sedan. It's also spending heavily on future vehicles, including a semi that's supposed to go into production next year.
Tesla lost $1.96 billion for the full year, nearly three times its loss of $675 million in 2016. The company has never made a full-year profit since it went public in 2010.
Steve Wozniak gets it:
- Steve Wozniak says he's tired of Elon Musk's promises and thinks Tesla needs to stop overhyping its self-driving technology.
- At the Nordic Business Forum in Stockholm, Wozniak, a cofounder of Apple, shared his experiences driving — and upgrading — his Teslas.
- "Now I don't believe anything Elon Musk or Tesla says, but I still love the car," Wozniak said, adding that other automakers were ahead in self-driving technology.
- Wozniak says he prefers his Chevy Bolt but drives a Tesla on longer trips, pointing to its countrywide charging network.
"When a Tesla runs in any condition on a highway that is a little unusual — a cone in the middle of a lane — you have to move over," he said. "A dumb human or a smart human can easily do it, but the Tesla can't."
He added: "Man, you've got to be on your toes all the time with it."
Wozniak also said Tesla was deflecting responsibility.
"All Tesla says is, 'It's beta, so we're not responsible — you have to be in control,'" Wozniak said. "So that's kind of a cheap way out of it. Everything I've read told me that every other car manufacturer in the world — Audi and BMW — are actually ahead of Tesla for self-driving cars."
He owns one btw.
But for everyday life, "we always drive the Chevy Bolt EV instead of the Tesla, every day," Wozniak said.
http://www.businessinsider.com/steve-wozniak-rants-against-elon-musk-and-tesla-2018-1
On Tuesday, analysts at Cascend Securities
downgraded shares of the Palo Alto, Calif.-based automaker from hold to sell along with a $250
price target, indicating a 20% downside over the upcoming 12-month period.
Read more:
Tesla Downgraded on Soft Model 3 Demand: Cascend | Investopedia https://www.investopedia.com/news/tesla-downgraded-soft-model-3-demand-cascend/#ixzz56dfh1cNc
Their projections are spot on so far. Much more accurate than Tesla's.