Wednesday, August 3, 2016

All Eyes On Tesla -- August 3, 2016


August 6, 2016: in the original post -- just two days earlier, I rhetorically asked/ noted -- "Waiting for the speech saying he will raise more cash." We didn't have to wait long. Yesterday, Friday, August 5, 2016, MuskMelon says Tesla will need a boatload of cash to keep operating.
Original Post
Revenue and earnings miss forecasts.
The electric car company reported revenue of $1.56 billion, falling short of analysts’ expectation for $1.63 billion. This came with a big net loss of $1.06 per share, which was much wider than the $0.60 loss expected.
Importantly, Tesla delivered 14,402 vehicles — 9,764 Model S and 4,638 Model X — during the quarter, which was about in line with expectations.
Tesla and MuskMelon facing tough questions.

The market was up slightly today.
  • Tesla: down about 0.6%
  • SolarCity: down about 0.5% but up a bit after hours. 
Waiting for the speech saying he will raise more cash.

Couldn't resist:

Texas Longhorn Fight Song

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