Thursday, May 03, 2018

Tesla Is Still Burning Cash, but Elon Musk Sees a Turning Point - The New York Times

Also see Tesla earnings show record revenues with record losses (TechCrunch)

"Tesla’s shares fell sharply in extended trading during the call, to about $285. They have lost more than 20 percent of their value since their peak last year, when Tesla surpassed the Detroit automakers in market value.

While Tesla still has many fans and believers, analysts now tend to take a cautious look at Mr. Musk’s pronouncements.

In a report issued before Tesla released its results, a Barclays Capital analyst, Brian Johnson, told investors that he believed the company to be “fundamentally overvalued.” Barclays expects Tesla shares to head down to $210."
Tesla Is Still Burning Cash, but Elon Musk Sees a Turning Point - The New York Times
Post a Comment