Tesla Inc (TSLA)

[Prudent Capitalist]

Musk's meltdown on the earnings conference call is indicative of the serious problems and tenuous situation which exists within the company at this time. And, confirmation that the quarterly cash burn rate is now in excess of $1 Billion per quarter is also a very ominous fact. But, IMO the worst factual confirmation from yesterday's disclosures is the fact that, even with the ramped up production of 3's we have been hearing about, the "Gross Margin" on each Model 3 produced is still seriously negative. Nothing positive at all here and these shares are still very overvalued IMO.

On CNBC this am there were a number of panel discussions and analysts discussing the TSLA debacle and various viewpoints, pretty much all negative, e.g. the Barclays analyst stated that Barclays is sticking with its "Underweight" rating and $210 price target on TSLA.