elon musk

The reality of Tesla’s business is far more modest than the war over its stock price and market cap would suggest.
Tesla is ultimately a small car company operating in a small market for electric vehicles.
It’s possible that business boredom is driving the up-and-down Tesla story.

In over a decade of covering both Tesla and the auto industry, I’ve never seen anything like the past 12 months.

The feeding frenzy around Tesla has been unreal: Wall Street longs and shorts fighting it out; an intense focus on the 15-year-old company’s ability to execute on the fundamentals of making cars; CEO Elon Musk flipping out on earnings call and taking to Twitter to engage in extended fracas with anybody and everybody.

At times like this, it’s worth it to step back and consider some actual numbers.

For example, Tesla delivered about 41,000 vehicles worldwide in the second quarter. I’m not even going to worry about whether they were Model S’s, Model X’s, or the much-vaunted and obsessively scrutinized Model 3. At this rate. Tesla should post a somewhat better year in 2018 than it did in 2017.

Tesla has also added about $200 million in revenue growth every quarter, although it shifts around; …read more

Source:: Businessinsider – Technology

      

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