Tesla to cut full time workforce by roughly 7%
- Thread starter wifehunter
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If you currently have too many women chasing you, calling you, harassing you, knocking on your door at 2 o'clock in the morning... then I have the simple solution for you.
Just read my free ebook 22 Rules for Massive Success With Women and do the opposite of what I recommend.
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EyeBRollin
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Model 3 is **** anyway
RickTheToad
Moderator
You know what's even worse? Andrew's wife. Jesus...
wifehunter
Master Don Juan
Ruslan520202
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amazing people!
big debt payment due on friday - roughly 1 billion dollars. Now had the price stayed above a certain point for period of time, the company could have elected to pay off their loan in 50% stock, 50% cash. It is now very certain that they will pay only in cash. This is going to put a strain on their cash reserves as it is thought that their cash balance (less revolving loans they take out to pad the balance sheet), and they have deferred paying a small 180 million dollar loan several times to April. you'd think looking at their balance sheet that they have funds, but a different angle is to look at interest accrued on the income statement in FY2018, which was quite small for a balance of "3.7 Billion" , give or take. Some estimates are cash balances of < 1.5 billion.
There is also talk about slower than expected sales in their next two major markets, the EU and China. This poses a risk to the model 3 growth story, as the model 3 was suppose to sell in higher numbers than models S and X.
You have major efforts to control costs via - already 2 job cuts of around 7% as this thread hit on, and several price cuts. Last time I checked, growing companies don't cut jobs 2 times in a year.
Executives are leaving in doves, including their CFO after the 4th quarter, and their general council who was on the job for less than a month. There is a huge list of other high level executives who have left the company over the past year.
If you own this stock, Id recommend selling. It is tradable, but there are so many red flags with this name, it makes it very risky to own. Lets not forget that the market is at the end of a 10 year bull cycle, and while the recent rally has been nothing short of impressive ( I am short this rally and definitely feeling the pain), bear market bounces happen in all bear markets. If this China deal doesn't clock in at expectations, and earnings continue to slow, I think the market is ripe for another correction. watch out!
There is also talk about slower than expected sales in their next two major markets, the EU and China. This poses a risk to the model 3 growth story, as the model 3 was suppose to sell in higher numbers than models S and X.
You have major efforts to control costs via - already 2 job cuts of around 7% as this thread hit on, and several price cuts. Last time I checked, growing companies don't cut jobs 2 times in a year.
Executives are leaving in doves, including their CFO after the 4th quarter, and their general council who was on the job for less than a month. There is a huge list of other high level executives who have left the company over the past year.
If you own this stock, Id recommend selling. It is tradable, but there are so many red flags with this name, it makes it very risky to own. Lets not forget that the market is at the end of a 10 year bull cycle, and while the recent rally has been nothing short of impressive ( I am short this rally and definitely feeling the pain), bear market bounces happen in all bear markets. If this China deal doesn't clock in at expectations, and earnings continue to slow, I think the market is ripe for another correction. watch out!
What in God's name is that monstrosity.You know what's even worse? Andrew's wife. Jesus...
wifehunter
Master Don Juan
RickTheToad
Moderator
His wife. It's what's in the inside that counts. Just remember that.
The horizontal line matches up with feb 25 of this year when I posted above. I have been shorting/ covering this name and making money. That said if someone owned this stock on 2/25 and sold on my reccomendation, they would not be in the hole 35%+.
The stock is terminal now. It will bounce. I expect an undercut of 180 lows, and a rally I plan to get aggressive with shorting the common into this rally, as well as some out of the money puts for good measure. I don't expect the company to last into q3 without another capital raise, and the converts they JUST issued are already underwater so the next raise will be even more deleterious than the last.
The fun has just begun!
Some of y'all dissing the wife got to remember that looks arent everything. For all we know she could be the best s3x a man could ever have. I've had 10's that were horrible in bed - uses their hands during a bj and only taking the tip into their mouth, only want one position, wont put out unless you jump through hoops, no licking b@lls, etc.....
And I've had plain janes (some might call "ugly") that rocked my world.... I would take a less-than-average girl who gives good s3x over a 10 any day.
And I've had plain janes (some might call "ugly") that rocked my world.... I would take a less-than-average girl who gives good s3x over a 10 any day.
evan12
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That mean nothing, Tesla is in batteries business, because there is no enough energy to run enough cars on electric power , however Tesla problem that is leading it to bankrupt is that its slow production line due to lack of experience, other automakers can produce car each minute, but Tesla is far more slow than that. their bid now on a Chinese company that promised to increase production rate to what other automakers can do .
so the stock undercut its 180 low. Amazing rally so far. I got caught short selling it, but closed the position. Its approaching old highs again, and might have room to move. Very up and down. Probably will be playable again on the short side, but gotta be careful with it. The company itself isn't really growing, so the 40% rally since Q3 earnings ( year over year revenue was down) is pretty amazing. Such is the nature of this market though.
