Tesla Executives Continue To Flee As The Company Goes Rogue With Its Balance Sheet

Discussion in 'The War Room' started by JonesBones, May 15, 2018.

  1. MicroBrew

    MicroBrew Steel Belt

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    They have lots of large warehouses, and all the employees to fill the orders.
     
  2. Bamboozled

    Bamboozled Brown Belt

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    That is true, but isn't that paid for by the merchandisers/sellers who use the warehouses?
     
  3. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    It's been a battery company pretending to be a car company to sell it's product for a while.

    This might be I signal that it's ready to pivot.

    It could also be fatigue from executives.

    It will be interesting to see how it unfolds.
     
  4. JonesBones

    JonesBones Gold Belt

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    Here is a more recent article:

    A few years ago, Tesla seemed to be leading the race to develop self-driving cars. The company had rolled out a lane assistance feature, dubbed AutoPilot, leading to controversy related to the use of that name and overall consumer expectations of what a product labeled “AutoPilot” could reasonably achieve. Now, a new report from Navigant Research has dropped, rating the relative positions of various firms racing to develop self-driving cars — and it ranks Tesla dead last, behind the entire field. Even Uber ranks better, which has to be particularly galling, given that company’s various legal problems, accusations of IP theft, overall treatment of drivers, and customer privacy concerns.

    [​IMG]

    They are good at batteries. That is it.

    https://www.extremetech.com/extreme/262510-new-report-self-driving-cars-ranks-tesla-dead-last
     
  5. JonesBones

    JonesBones Gold Belt

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    Just beat me to it. Their batteries are best in class. But everything is still riding on the Model. 3.
     
    PolishHeadlock likes this.
  6. ithinktheymad

    ithinktheymad Red Belt

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    I wonder if it will affect my resale.
     
  7. MicroBrew

    MicroBrew Steel Belt

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    Don't know. Never looked into that. All I remember is Amazon losing billions for many years. Below article says they started to turn a profit in 2001, I am surprised at that cause I had the feeling they only started to turn a profit in the late 00s or early 10s.

    https://www.investopedia.com/stock-...kes-money-no-one-cares-amzn-aapl-wag-azo.aspx
     
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  8. JonesBones

    JonesBones Gold Belt

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    He wasn't even on the list. lol. Ya, that's a big one. Musk is supposedly very hard to work for. I mean, if all these people are leaving, when is the problem not everyone else but you?
     
    ralphc1 likes this.
  9. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    That's why I don't think they are doomed as much positioned for a pivot especially with oil going up.

    Is their battery tech proprietary?
     
  10. Edison Carasio

    Edison Carasio Excellence of execution belt Platinum Member

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    The only person I know with the Tesla is a smug prick who likes the smell of his own farts.

    That's all I have that contribute to this thread.
     
  11. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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    COR includes more than COGS (marketing, for example).
     
    JDragon likes this.
  12. Kiyashin

    Kiyashin Blue Belt

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    Forgive my ignorance but could someone explain why they simply can't operate a profit? It's an electric car, not rocket science. Where is the R&D going?
     
  13. Amerikuracana

    Amerikuracana Titanium Belt

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    Truth is in the middle.
     
  14. Cubo de Sangre

    Cubo de Sangre President of the War Room

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    So operating income?
     
  15. jefferz

    jefferz Gold Belt Platinum Member

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    He open sourced a bunch of patents a couple of years ago. I'm not sure if the battery patent was included or not.
     
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  16. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog

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    Operating income is a measure of income. COR is a measure of costs.

    Not commenting on TSLA specifically, BTW. Just saying that COR is a thing.

    I don't really follow TSLA because I don't think that the accounting really matters for them, but does anyone know what happened to accounting bookings, and especially accounting bookings to sales? Dropped to .754 in the most recent quarter, while it's generally been over 1. Similar drop in cash received from customers (down 17% YOY on a three-month basis, while rev was up 26%). Probably a good explanation, but I don't know it.
     
    Last edited: May 15, 2018
  17. PolishHeadlock

    PolishHeadlock Putin Belt Platinum Member

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    If he opened sources his battery tech knowing it would hurt profits he might be one of the greatest humanitarians in history....

    Horrible CEO lol..... unless the goodwill was worth it
     
    HomerThompson likes this.
  18. EL CORINTHIAN

    EL CORINTHIAN Black Belt

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    I like how @ultramanhyata just sort of bowed out of the conversation after this post LMFAO!

    pwnt
     
  19. HIMBOB

    HIMBOB Steel Belt

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    Cogs?

    Cost of goods sold.
     
  20. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    To be fair, "I have never heard of..." is just about the worst way to establish your stance in a debate, for it's basically just an up-front admission that you simply don't know as much as other people on the subject matter, especially when it comes to common knowledge.

    I have my own doubts about Tesla's long-term survival myself, especially with their cash burn rates while the Model 3 egg-basket is taking forever to hatch, but it's common knowledge that so much investor/customer goodwills and patience for Tesla now came from the resounding accomplishments set by their premium Model S, despite the occasional mishaps on the road that aren't really their fault (sleeping on auto pilot, anyone?)

    Somebody earlier mentioned that Tesla is like a religion, I'd say Model S was their prophet, and it did a hell of a good job in bringing believers into the fold.
     
    EL CORINTHIAN likes this.

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