This or a similar sentiment could describe in a nutshell the content of the tweets and comments by Elon Musk, the charismatic CEO of Tesla (Nasdaq: TSLA). Reality is a bit of a world apart. In the fourth quarter of 2017, Tesla lost around USD 675 million despite strong growth in revenue to USD 3.3 billion. The average share loss was either USD 4.01 based on GAAP, which I prefer, or USD 3.04 per share based on non-GAAP.
Tesla CEO Elon Musk was as eloquent as ever when he raised the targets for the company’s electric car models: Instead of producing 500,000 electric cars (total figure, all models – i.e., Model S, Model X and Model 3) in 2020, the company should already achieve that number in 2018 and increase it to one million in 2020. One can question whether these targets will become reality, as they require even more large infusions of cash, making additional capital increases inevitable. And this although Tesla has just recently sought more money