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Buy shares in a company that has never made a profit?
This is new world, losses are profits, down is up..
Not directly from sales, but Tesla has made a profit for 4 quarters now, which is a pre-requisite for S&P 500, which in tern means US trackers have to buy in.
Not directly from sales, but Tesla has made a profit for 4 quarters now, which is a pre-requisite for S&P 500, which in tern means US trackers have to buy in.
This is already factored into the price.
Making a profit by selling carbon vouchers to other cars companies that are reducing their production. A business model with an end game.
Tesla will be listed one month and delisted the next as other car companies go bust.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Porsche presses on with electric vehicle launches as it battles Tesla
excellent comment:
So Porsche generated €1.2b of profits in H1 2020, which is more than what Tesla generated in 4 quarters, yet Tesla is valued more than double the entire VW Group, which also includes: Audi, Bentley, Bugatti, and Lamborghini..
I am still waiting for Tesla to crush other auto makers and gain 50 percent market share.
Joe Miller in Frankfurt YESTERDAY
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Porsche will press ahead with the launch of new electric models in the US despite sales in the country dropping by a fifth during the coronavirus crisis as the carmaker steps up plans to take on Tesla.
“We haven’t got a plan to postpone anything in [America], and that’s true for other countries as well,” Oliver Blume, Porsche’s chief executive, told the Financial Times.
But he added that current projections were based on there being no “second wave” of Covid-19 infections.
Last year, the German luxury carmaker, which accounts for more than a quarter of parent Volkswagen’s profits, unveiled its flagship electric sports car, the Taycan, designed to compete with Tesla’s Model S.
The Taycan 4S has been on sale in Tesla’s home market since the start of the year but, overall, Porsche sales in the US dropped 20 per cent in the first six months of the year, as the pandemic led to the shutdown of showrooms.
Sales in Europe fell 18 per cent in the same period.
Despite reversing sales, Porsche will not postpone the launches of electric versions of the Macan sport utility vehicle, Mr Blume said, as well as further Taycan variants, including a cheaper base model.
However, the Taycan Cross Turismo, an estate version that had an original launch date for the end of the year, will be delayed until 2021 as Porsche attempts to improve its “break-even point”, where it starts to make profits, in the wake of the crisis.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
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