Quote:
Originally Posted by Street Pharmacist
This is not meant to be a gotcha, but this post came to mind when I saw the news of Tesla's earnings today. I was also of the belief that Tesla would be unprofitable for a while yet, but here we go...
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Tesla had a "miracle" Q3 2018 too; before falling back onto large losses to start 2019. And YoY revenues are declining; so much for exponential growth of EV.
The Chinese ramp comes in time for the severe decline of EV sales in China as subsidies are cut.
https://technode.com/2019/10/11/chin...-sep-ev-sales/