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island911 island911 is offline
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Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,167
Quote:
“As a reality check, Tesla is worth twice as much as Ford [estimate of the enterprise value of both companies],
yet Ford F, -0.37% made 6 million cars last year at a $7.6 billion profit while Tesla made 100,000 cars at a $2 billion loss,”
Thompson said. “Further, Ford has $12 billion in cash held for ‘a rainy day’ while Tesla will likely run out of money in the next 3 months.
I’ve never seen anything so absurd in my career.”
I am Shocked!
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Disclaimer: the above was 2¢ worth.
More information is available as my professional opinion, which is provided for an exorbitant fee.
Old 03-28-2018, 08:01 AM
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