They're Coming! CONFIRMED! Tesla's Elon Musk Says MORE Gigafactories To Be Built In The U.S.

He'll need investor capital to make that happen, as Tesla is still bleeding red ink, with no sign of making a profit, and no viable strategy to get profitable.

"No viable strategy" Steve ?? What do you think they are doing with the gigafactories ? Have you ever seen a product roadmap from any public or private company available to the public? Musk has not once but twice published his master plans where he clearly described his vision and the 10 year plans. Can you name which car or tech company has shared such a plan to the public ?

So, according to you, a Tesla bankruptcy is inevitable.

You must be an accountant. Absolutely no vision. Don't worry, plenty of visionaries around to keep the world moving forward.

And no, Tesla is not going bankrupt. Not by a long shot.

runninglogan1 wrote “…You must be an accountant. Absolutely no vision…”

I suspect you don’t see the irony of your own words. Accountants are people who are skilled at accounting. Accounting is the language of finance, of profit and loss, of fiscal viability. Finance is the domain of Chief Financial Officers (CFOs) and Financial Analysts, the people who are arguably most qualified to assess a company’s financial viability.

Most financial analysts agree that Tesla’s financial state is concerning, and that Tesla has not presented a viable strategy to become profitable. This is a widely known fact… well, at least amongst people who are Financial Analysts, or those who understand accounting fundamentals and who can make sense of Tesla’s troubling quarterly financial statements and the patterns they expose.

So no, I am not a certified accountant, but I am conversant enough with accounting and GAAP (Generally Accepted Accounting Principles) to write accounting computer systems for enterprises. No joke.

By the way, are YOU an accountant? A bookkeeper? Do you even know how to read and income statement and balance sheet? Or are you a layman, who knows zilch about accounting and enterprise finance, and yet holds an opinion on the financial viability of Tesla Motors? Yeah, I thought so :-/

runninglogan1, you can like the Tesla Motor company, their products, what they’re doing, and their stock price. You can even like Elon Musk and nobody can fault you for that! But when you comment on finances, and that is clearly not your area of expertise, then prepare to be challenged by people who know what they’re talking about.

Bob: you have an amazing ability to read a simple sentence and understand only half of it. Did you understand the part "available to the public" ?

Do you know the plans for GM, Ford or any car maker for the next 5 or 10 years other than some vague announcements about their general direction - if any.

Ever wonder why Mark Fields lost his CEO job at Ford despite years of profitability ?

According to Ford's chairman: "This is a time of unprecedented change," said Bill Ford, Ford's chairman and great grandson of the company's founder. "If you look at the technology coming into our industry, the competitors coming into our industry...we really need transformational leadership."

Want to guess what or who drove that "unprecedented change" ? People around the world including industry captains and rivals dig what Tesla and Musk are trying to do. Adopters embrace it, rivals react and catch on, those who are still in denial will be left behind. Which one are you going to be ?

Financial statements are summaries of things done in past quarters/years. Forward statements are expectations set out in the short term, also limited in some number of quarters or the coming year, accompanied by safe harbor statement.

Strategy is a long term plan, a product road map shared internally in detail while only snippets are provided to the investing public. Strategies are what drive not only a company but a whole industry forward. You may be able to access financial statements of every publicly traded company b?t I would bé hard pressed if you can find a comprehensive and well laid out plan as Musk's master plan.

Since you know so much about everything, why don't you provide a road map of a public company, say Apple, GM or Ford ? If Mark Fields had a sound master plan of his own, he might have saved his job at Ford.

The main concern with Tesla is execution - not strategy. They have so many obstacles to overcome. Raising capital to carry out their strategy is one of those, and it will be done as required - Musk has the support of the share holders. Everyone who buys into Tesla knows that.

Correction for typo:

"You may be able to access financial statements of every publicly traded company but I would be impressed if you can find a comprehensive and well laid out plan as Musk's master plan. "

Musk's master plan has been published twice.
Marchionne's master plan has been published 5+ times.
Birds of a feather.

So I assume you read the original plan Musk wrote in 2006:

"Build sports car
Use that money to build an affordable car
Use that money to build an even more affordable car
While doing above, also provide zero emission electric power generation options"

Tell me which of the above did not get done ?

The Model 3 (line 3) was revealed and penciled down last year, and is currently ramping up to meet the unprecedented global demand.

@HenryN

Let's see...the affordable car did not get produced and it was not followed by an even more affordable car.

Furthermore, the sales of Lotuses with batteries thrown in hastily did not fund Tesla. Obama paid for it out of taxpayer money.

Obviously most people here don't know anything about financial statements. Telsa currently has a $3.3 billion cumulative loss (negative retained earnings) and that loss gets bigger by the quarter (last quarter by $350 million). This trend is in no way sustainable.

A "master plan' is totally meaningless. The only thing that matters to Tesla is being able to continue the ponzi scheme - raising new equity to make up for the massive continued quarterly losses.

If you think it is a Ponzi scheme then go ahead and short TSLA stock. Good luck with that.

That means more COAL must be burned to charge those batteries that emit hideous amounts of CO2 during their creation.
But please, don't tell these facts to the brain dead demented liberals.

Maybe in your part of the country, not where I live.

@SanJoseDriver do you really think California energy production (1) is green and (2) powers only California? The national power grid takes power from all of the plants that feed into it. Thus, all of the energy mixes so to speak.

4.1% of the total energy consumed in California is from coal, including from other states (only 0.2% of "in-state" energy production is coal). To put that in perspective 25.5% is renewable, 36.5% is natural gas, 10.2% is hydro, 9.2% is nuclear.

So yes, I think California is relatively green when it comes to consumption and generation.

@SanJoseDriver How quaint. You think that the energy produced in California powers California and none of the icky dirty power from elsewhere is allowed in.

That's NOT how power delivery works.

The power grid is a NATIONAL network and power flows through it regardless of where it is produced. Do a little reading on the power grid.

That is not really the case, you can track where energy is sourced which is why the produced and consumed figures are different for California.

Even if you only look at the US as a whole, in 2016 only 30% of energy came from coal, 34% was natural gas, and 35% was green (renewables + nuclear). Coal's representation in our power mix is vastly overstated.