edatoakrun
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Re: TSLA corporate outlook

Sat Mar 17, 2018 5:48 pm

cwerdna wrote:...Along these lines, https://www.autoblog.com/2018/03/14/tes ... s-model-3/ and others report that
Bloomberg reports that Susan Repo, Tesla's corporate treasurer and vice president of finance, has left the company to become chief financial officer at another company. Her departure comes on the heels of the exit of Chief Accounting Officer Eric Branderiz, who left "for personal reasons," Tesla said in a March 7 SEC filing.

Would you want to be the designated indictee... who has to sign the next TSLA financial statement?

Primary report:

Tesla Is Facing a Crucible

...A string of executives have headed for the exits, including a surprising number from the company’s finance team, as Tesla is dogged by questions about whether it can meet its production targets.

... Eric Branderiz, Tesla’s chief accounting officer, departed last week. And Bloomberg reported this week that Susan Repo, the corporate treasurer and vice president of finance, is out.

The press has rightly been focused on trying to figure out how badly Tesla will miss its production targets for the all-important Model 3 electric sedan. After all, actually building cars is pretty important to Tesla’s business...

On Thursday, the Wall Street Journal declared it “Tesla’s Make-Or-Break Moment.” That article rightly points out that Tesla had $3.4 billion of cash at the end of 2017 and that last year it burned $1 billion a quarter. Do the math, and Tesla either needs to generate more revenue or raise more money soon.

The Journal’s story observes that Tesla has a so-called Z-Score (a measure of a company’s financial security) of 1.26. “Any company with a score below 1.8 is considered distressed by many investors. A score of 1.0 or lower suggests bankruptcy is likely within two years,”...

https://www.bloomberg.com/news/articles ... a-crucible
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RegGuheert
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Re: TSLA corporate outlook

Fri Mar 23, 2018 7:03 am

Here is a decent video with some details on Tesla's financial situation:

RegGuheert
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lorenfb
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Re: TSLA corporate outlook

Fri Mar 23, 2018 8:55 am

]RegGuheert wrote:Here is a decent video with some details on Tesla's financial situation:


It's an over simplistic analysis! The video fails to consider three key factors:

1. That the competitive EV marketplace remains the same, i.e. no direct competitive vehicles.
2. That the capital markets will indefinitely fund Tesla as a money losing company and at an increasing level.
3. That Tesla can reliably manufacture vehicles at the level of the reservations booked.
4. That past performance/events can be extrapolated into the future.
5. That Tesla's key element of its ecosystem, i.e. the SCs, will be marginalized by numerous public/privatized charging systems.
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LTLFTcomposite
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Re: TSLA corporate outlook

Fri Mar 23, 2018 12:42 pm

lorenfb wrote:
]RegGuheert wrote:Here is a decent video with some details on Tesla's financial situation:


It's an over simplistic analysis! The video fails to consider three key factors:

1. That the competitive EV marketplace remains the same, i.e. no direct competitive vehicles.
2. That the capital markets will indefinitely fund Tesla as a money losing company and at an increasing level.
3. That Tesla can reliably manufacture vehicles at the level of the reservations booked.
4. That past performance/events can be extrapolated into the future.
5. That Tesla's key element of its ecosystem, i.e. the SCs, will be marginalized by numerous public/privatized charging systems.


That's five things. If #2 is true they can never go bankrupt.
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edatoakrun
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Re: TSLA corporate outlook

Fri Mar 23, 2018 12:56 pm

Like most trash, TSLA's junk seem to smells worse, the longer it sits around...

Tesla bonds join Tesla stocks in the doldrums

Tesla Inc. bonds have joined the company’s shares in the doldrums recently, as the Silicon Valley car maker gets closer to reporting quarterly sales and production.

The 5.300% notes, which mature in 2025, were trading at 92.53 cents on the dollar on Friday to yield 6.592%, according to trading platform MarketAxess. On a spread basis, they were 19 basis points wider on the week, and 376 basis points above comparable Treasurys...

https://www.marketwatch.com/story/tesla ... 2018-03-23

On a related subject, the funniest part of Musk's latest pay scheme (opposed by most shareholder adviser services, second story below) was actually the implied threat that he would leave TSLA unless incentivised by more $ billons in stock.

If Musk ever walked away from the personality-cult-masquerading-as-a-vehicle-manufacturer known as Tesla, his own TSLA stock would plunge in value overnight, leaving his leverage showing...

If the other TSLA shareholders were better at playing chicken, they could have demanded that Musk pay them in stock, to allow him to stay...

It Pays to Be Loved by Tesla. Ask Elon Musk.

What's a thoughtful gift for a billionaire aficionado of rocket ships and sports cars and flamethrowers? More money.


What does Elon Musk's utility function look like? Yesterday Tesla Inc. shareholders approved a comically large pay package designed to keep Musk employed as Tesla's chief executive officer. When we last talked about this pay package I mentioned how superfluous it seems to be. If Musk hits all of his revenue and earnings targets over the next 10 years, and grows Tesla to be worth $650 billion, then he could make more than $50 billion from his new package. But if Musk grows Tesla to be worth $650 billion over the next 10 years -- whether or not he hits those revenue and earnings targets -- then he will make more than $130 billion just from the Tesla shares he already owns. The extra $50 billion on top of the $130 billion would be nice, I guess, but ... how?...

https://www.bloomberg.com/view/articles ... sla-s-love

Tesla’s $2.6 billion payday for Elon Musk gets another ‘no’

A second proxy adviser has come out against Tesla Inc.’s plan to award Chief Executive Elon Musk an estimated $2.6 billion in long-term compensation, calling it “unprecedented” and dilutive to shareholders.

Institutional Shareholder Services Inc., one of the two largest independent services meant to advise investors on crucial shareholder votes, said that the plan would be worth $260 million a year for Musk, leading to “massive costs” over the years for Tesla TSLA, -2.03% .

“Even when annualized, Musk’s pay opportunity would dwarf that of nearly every CEO at the largest and most profitable public companies. This raises even more questions given that Musk does not devote his full-time attention to Tesla, and serves as the CEO of multiple other high-profile companies,” ISS said.

Competitor proxy adviser Glass Lewis came out against the proposal on Monday, also calling it too costly and too dilutive...

https://www.marketwatch.com/story/tesla ... 3-08#false
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lorenfb
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Re: TSLA corporate outlook

Fri Mar 23, 2018 12:58 pm

LTLFTcomposite wrote:
lorenfb wrote:
]RegGuheert wrote:Here is a decent video with some details on Tesla's financial situation:


It's an over simplistic analysis! The video fails to consider three key factors:

1. That the competitive EV marketplace remains the same, i.e. no direct competitive vehicles.
2. That the capital markets will indefinitely fund Tesla as a money losing company and at an increasing level.
3. That Tesla can reliably manufacture vehicles at the level of the reservations booked.
4. That past performance/events can be extrapolated into the future.
5. That Tesla's key element of its ecosystem, i.e. the SCs, will be marginalized by numerous public/privatized charging systems.


That's five things. If #2 is true they can never go bankrupt.


1. Yes, a typo, s/b 5.
2. Having #2 true is an unrealistic assumption! You have an example?
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LTLFTcomposite
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Re: TSLA corporate outlook

Fri Mar 23, 2018 2:35 pm

You said "capital markets will indefinitely fund Tesla as a money losing company and at an increasing level"

If capital markets fund them indefinitely won't they avoid bankruptcy indefinitely as well?
LTL
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LTLFTcomposite
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Re: TSLA corporate outlook

Fri Mar 23, 2018 5:23 pm

In related news, Musk shuns Facebook.

https://www.cnbc.com/2018/03/23/elon-mu ... ounts.html

Maybe he feels a little sheepish the Macedonian content farms conned him into voting for Trump
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White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
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2013 Volt replaced after 36 months/30k miles with ICE Rogue
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RegGuheert
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Re: TSLA corporate outlook

Sat Mar 24, 2018 4:07 pm

It's a bit telling that Musk admires Thomas Edison more than Nikola Tesla:

RegGuheert
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cwerdna
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Re: TSLA corporate outlook

Sat Mar 24, 2018 4:44 pm

Elon Musk directs Tesla to 'slow down' on Norway deliveries this quarter, citing local capacity issues
https://www.cnbc.com/2018/03/24/elon-mu ... ssues.html

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