"Furthermore, Tesla's market cap is nearly two-thirds of General Motors' market cap. This is despite the fact that General Motors has a history of selling 10 million cars at a profit each year and Tesla sold less than 100,000 cars last year at a loss. They would have to sell 6.6 million cars this year to justify its current valuation. With less than 400,000 cars on pre-order that doesn't appear likely anytime soon."
Got to love the way that the author spun this article. GM may sell 10 million cars a year, but at a profit? So then the big GM bailout that we gave them was because they make a profit? Guess maybe letting them file bankruptcy helped their numbers. Personally, I was ready to watch GM crash and burn...and I actually like GM.
What I see is Tesla spending quite a bit of money on infrastructure. Between the Gigafactory, tooling, Supercharger expansion, they are doing the things required to get to production for their next car. Costs money to buy land and build stuff...aside from just cars.
I had a brother in law tell me that Tesla took a loan from the government which is true, but he didn't even know that Tesla paid the money back with interest early. Several years earlier than they needed to. That was one of his arguments when he told me that Tesla is bleeding cash. Guess I wouldn't call it bleeding, but investing. The loans came with all kinds of stipulations. I think they paid it back early so that they could expand and run the company as they saw fit.
Sure would be nice if Tesla would put a picture of the Model 3 on my Tesla page so I could see a picture. Maybe let me change the color and find one I like. Would be a great way for them to help determine which colors people would find most appealing. Give me something to do while I wait...