The Welfare Queen Tesla just reported a $16 million profit and the stock went down the next day. Why? Because the profit wasn’t real. Anyone who took a closer look quickly realized that Tesla still burns cash making cars. The itsy bitsy profit was due to $354 million in regulatory credits from the government. Tesla actually would have lost $338 million.
The TeslaQ Podcast just aired one of their best podcasts ever. It was a fascinating interview with chemical engineer and writer Matthew Klippenstein. So how does a liberal tree hugger who wrote for CleanTechnica decide that he can no longer support Tesla?
Did you know that historically 50% of all new retail businesses go bankrupt within five years? Sinking all of your cash into inventory can be a tough job. And no, it’s not any easier for larger retailers than it is for smaller ones. In fact, in some ways, it’s actually a lot harder.
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