Challenging, vague and void of any clear strategy to become profitable are some of the criticisms of Tesla Motors Inc.’s new “Master Plan” released Wednesday night by CEO Elon Musk.
Auto analysts and Wall Street investors, many of them friendly to Tesla’s leader in the past, responded largely with skepticism to “Master Plan, Part Deux”.
“The main thing that was missing was any type of commitment to shareholder return or to actually become profitable,” said Dave Sullivan, AutoPacific manager of product analysis. “If you have shareholders, you have an obligation to them. ... There was no discussion on how to become profitable.”
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