Founded by the creator of paypal Elon Musk, the company, has some rather concerning fundamentals. Don’t get me wrong, electric vehicles are the future; we need renewable sources of energy before the world reaches peak oil. Big Energy companies are slowly moving away from oil as a source of energy we are witnessing electric cars solar panels pop up everywhere the future is here and it is happening. The energy sector is changing but we shouldn’t get carried away. If you would indulge me for a few pages I will give you some numbers and you can decide for yourself whether one should be cautious or not. The charts I will put up in this report were obtained from the company’s earnings reports.
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CORRECTION Elon was CEO not founder of paypal