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Tesla Inc (NASDAQ:TSLA) Continues to Suffer its CEO’s Whims

Tesla Inc (NASDAQ:TSLA) shares are once again rolling over after the company’s CEO, Elon Musk, tweeted a comment mocking the SEC on Thursday. This is a continuation of a rolling dynamic in which the company’s illustrious and notorious chief executive has cultivated an embattled relationship with the key regulatory commission.

Short-sellers have indeed been a part of the story for this stock and continue to circle like sharks with blood in the water. Where this story heads is anyone’s guess, but hopefully it will begin to have more to do with the company’s underlying fundamentals and speculative potential rather than drama over Twitter.

Tesla Inc (NASDAQ:TSLA) trumpets itself as a company that designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally.

The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles. It also provides electric vehicle powertrain components and systems to other manufacturers; and services for electric vehicles through its company-owned service centers, Service Plus locations, and Tesla mobile technicians.

This segment sells its products through a network of company-owned stores and galleries. The Energy Generation and Storage segment offers energy storage products, such as rechargeable lithium-ion battery systems for use in homes, commercial facilities, and utility grids; designs, manufactures, installs, maintains, leases, and sells solar energy systems to residential and commercial customers; and sell renewable energy to residential and commercial customers.

The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.

Currently trading at a market capitalization of $44.69B, TSLA has a significant war chest ($2383.2M) of cash on the books, which compares with about $9141.4M in total current liabilities. One should also note that debt has been growing over recent quarters.

TSLA is pulling in trailing 12-month revenues of $13683.9M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 43.5%.

We will update the story again soon as further details emerge.

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