TSLA Net profit each year ( lossing millions)
( in Millions)
2007: -80
2008: -79
2009: -52
2010: -147
2011: -251
2012: -394
2013: -61
2014: -187
2015: -717
2016: -667
First, let's see what other successful investors have to say:
David Einhorn: Took a huge short position on TSLA
Einhorn has averaged annualized returns of 16.5% over the last 20 years. He's no mug.
Berkshire Hathaway: No long position of TSLA stock
Berkshire Hathaway is Warren Company and big than all others
Even Elon Musk himself admits his stock is overvalued:
www.cnbc.com/2017/07...serve-right-now.html
I mean it's common sense, someone else is paying $55 Billion for a company "x" because he thinks that company is "Cool" doesn't mean you should also pay the same amount as you know the fact that company "x" is losing $400-700 million a year.
