Below quote: I didn't realize they grew by +30% last year so down -7% they still grew by a large percent.
And you get to weed out the people that turned out to not be your high performers. ...
Jack Welch was well known for that at GE as you probably know.
Yeah things work well until they don't.
The 13% drop in price (on a day when market was up) certainly shows the market considers this to be less than positive news.
To the fans, there appears to be no downside to anything, it's always rainbows, puppies and unicorns! To infinity and beyond!
"war is peace
freedom is slavery
ignorance is strength"
"Down is up"?
I was pointing out why they need to get to the SR (Short Range) 200+ mile $35K car ...
And when will that be, at decent margins? That's a big question, a big challenge for Tesla.
I'm wondering if people are actually listening to this video and what those several analysts had to say.
It was very good.
Video in above 'article' plus standalone here:
https://www.cnbc.com/video/2019/01/18/tesla-layoffs-elon-musk.html
As
bobandsherry said, if it was 'very good' the stock would not have dropped. When I lose money, it's cold comfort to find someone telling me it's all 'very good'.
I'm wondering if
eroscott actually listened to this video. Here's some of that video (emph mine):
~1:08 - "You
never want to see a growth company cutting staff like this."
Yep, he said "never".
~1:48 - "Clearly in my mind,
they have an issue with demand." He goes on to point out that 90% of the reservations seem to be holding out for the $35,000 model. And that their 4% Q3 profit came with higher margin cars, that will change as they roll out cheaper models.
~3:14 - "I think there is a lot of risk to the name.". Goes on to mention high valuation, high level of debt, and competition entering 2019/2020.
~6:20 - "Realistically, for them to see the growth that is expected by the street,
they do need to get the price down to $35,000 and I see that as an extraordinarily difficult thing for them to accomplish.
I actually don't think they will accomplish it".
Wait - they
need to do it, but he does not think they will accomplish it? That does not sound 'very good' to me!
There were some other positive views, and some balance, but of course,
eroscott gives the impression it's all 'very good', no negatives?
-ERD50