Saleen Automotive, Inc. (fka SLNN)

[FredVestor]

You had to bring Te!sla into this

The CEO of Tesla isnt even completely devoted to Tesla as he is involved with 2 other company's.

Elon Musk is CEO of 2 companies not 3. Tesla Motors and SpaceX. He managed his time equally between the 2, but he works 90+ hours per week so plenty of efforts goes toward Tesla.

As for a third company, if you are referring to SolarCity, he is chairman of the board and its largest shareholder. His involvement his nothing more than a monthly meeting and a few emails as he confirmed himself.

He makes no cash salary BUT is the top stock holder in Tesla.

Interesting point to bring up. Elon Musk has never taken a cent out of Tesla and has personally invested more than $55,000,000 into the company from the money he got out of Paypal. Can Steve Saleen say the same?

Musk is the largest shareholder of TSLA, but he has never taken out a share and his only form of compensation are stock option as the company grows making his only financial incentive aligned with his fellow shareholder. Even though Saleen own 57% of SLNN shares, he still accepts a $20,000 monthly salary (which he might or might not forgive at some point) and he his negotiating for a bonus program because apparently his 57% ownerships isn't enough f an incentive for him to perform.

Another thing is when you read through Tesla's 10-k you will read the same type of terms that are used in Saleen's 10-k if not even worse IMO. Tesla's stock is at just under $229.00 but they had net losses of $74 million, $396 million and $254 million respectively years ending 2013, 2012 and 2011. No profit except 1st quarter of 2013.

This is down right dishonest or show a great lack of financial knowledge. First of as for the net loss, that's only on based GAAP financial since Tesla accounting include loan car into its non-GAAP financial since they receive the full amount up front.

Now for the rest: Tesla 10k is worst than Saleen IN YOUR OPINION? First of, as of last reported financials, Tesla has $2.3 BILLION OF CASH ON HAND. $2.3 BILLION AGAINST $30,000 for SLNN. This ridiculous comparaison could end right here, but let's continue to see how idiotic this comparaison his.

Tesla has $4,500,000,000 of assets on its balance sheet. SLNN has $2,000,000 of assets on its balance sheet. Last reported quarter ended in March 14, Tesla reported $620 million in revenue and $155 million in gross margin. Just from its gross margin from ONE quarter, Tesla could buy SLNN 10 times over. How can you even start to think to compare the 2?

So just because Saleen might be burning through money right now with a new loss of $11 million, Tesla's combined total net loss over the last 3 years is almost 3/4 of a BILLION dollars but Tesla is a good bet?

Yes. It's not a great investment at the current valuation, but It's certainly better than SLNN. Why? because 3/4 of billion represent 3 months of Tesla's revenue, while $11 million represent 2+ years of Saleen's revenue. AND that's just for 1 year loss in Saleen's case.

Saleen tried to attached himself to Tesla to draw investor in just look at the ads they paid for here http://investorshub.advfn.com/boards/disclaimer.aspx and now you are trying to do the same.

full disclosure: I own TSLA stocks and SCTY stocks which are discussed here