The numbers do not lie: Tesla has never made money, but investors have not bothered to see the all-electric automaker as a game of growth and a dominant force in the future of cars.
Since its IPO in 2010, Tesla has destroyed billions in capital – and if you had invested, you would see a return that exceeds 1,000% on a point basis. The company's market capitalization is higher than Ford's or Fiat Chrysler Automobiles's and has threatened General Motors. As a reminder, GM also made an IPO in 2010; By the end of 2017, more than $ 70 billion was generated. Last year, Tesla sold just over 100,000 vehicles; GM sold 10 million.
However, Tesla's camp has been slipping lately. In 2017, stocks saw push towards $ 400. By the first quarter of 2018, inventory has fallen by 11%. It all depends on how you like your volatility – and if you are a Tesla buyer, you should love the ups and downs – but if the markets are predictors of future value, then Tesla is currently rated less enthusiastically than in the past ,
Normally, the company and CEO Elon Musk are moving the needle back towards black by making a kind of proclamation about impending profits or by revealing a new product or initiative. Musk recently stated that Tesla's incredible cash usage will be reversed later this year, and sometime in 2018, everyone expects the carmaker to unveil its compact SUV Model Y – and begin to take deposits for at least $ 1,000 pop.
But even here, the numbers do not lie, and with Tesla still struggling to get the Model 3 production on track, first-quarter losses are expected to be in the order of $ 4.50 per share.
Tesla reports next Wednesday, and it's safe to say that this could be the worst quarter in the company's history. Here is what to expect.