I've said this quite some time..too much hype carries the valuation of this company
That company's stock (TSLA) is overpriced..id say 33% especially when you look at that massive Debt it added in the Solar City purchase.
Plus the fact most people who ordered the 3 won't be getting it as early as they thought they would.
Management may be distracted from integrating SolarCity. It's still very uncertain if Tesla vehicle owners will also want solar panels and batteries in sufficient volume to justify buying SolarCity.
(Tesla is testing out kiosks in Home Depot to try pushing the panels)
Remember homeowners usually spend between 10-18k on new roofs.
Telling a homeowner to spend at least twice that much on a new roof (with inflation going up steadily) isn't financially feasible for most homeowners.
Plus its still to be determined how the tariffs will affect the already tight profit margin.
Space X in my belief ...might be his saving grace once they get that steady lovely government contractual monies.
Stockwise ...i still see it as a 180usd-220usd value...nowhere near what it is now.
Great post @zer0hedge
That is if Space X is rolled into Tesla which, at some point, would require more debt.
Let's hope so. He's a catalyst for much needed change on this planet.
As i stated before....it depends on the government contracts Re Space X.
(and with this administration who knows...)
Listen,he's an innovator but that doesn't mean he's a good businessman.
Stretching your profit margin to razor thin margins never work in the automotive business. (look it up historically)
Besides the fact we are it seems in the midst of another housing bubble.
(that won't help Solar City,the Home Depot kiosk idea might...but we'll see. I do like the fact he's going out his exclusive world to get sales...about time.
But I've noticed people curbing their costs as of late more...so we'll see it's results in a year or two)
Musk reminds me too damn much of Steve Jobs when he was first ousted at Apple.
Infact that experience itself...made Jobs a much better businessman in the end.
Do i think it will go the same route?
Can't say.... but his combative nature with Wall St (regarding his #s) tells me...getting more money from Wall St wont be easy.
thanks for the comment.