Economy
Thursday, February 11, 2016
The electric car manufacturer Tesla has never made money and expands the loss now even out. How nevertheless enthusiastic investors, demonstrating the company founder Musk impressive. But the party could come to an abrupt end.
Charts
Tesla has never generated profits. Now, the electric car pioneer is expanding its losses even. And investors? Celebrations anyway. The reason: CEO Elon Musk announced at the presentation of the latest quarterly figures, the company will write first time this year in the black – despite high investments. How much profit could fail, Musk however not revealed.
However, the announcement was enough strong to drive the share price higher. In after-hours trading on Wall Street, the papers became more expensive at times by 15 percent. The fact that the loss compared to the same period last year to 320 million almost $ tripled in the fourth quarter, the euphoria did not diminish.
This is also noteworthy because many investors Musk had punished in recent weeks with withdrawal of love. To nearly 40 percent of the share price had slumped since the beginning of the year, before the Tesla CEO with confident statements enthusiasm rekindled.
Will it last? Although Tesla regularly import large losses, the company on the stock market has long been celebrated as the spearhead of e-mobility. But then the tide seemed to turn. growing doubts about the prospects of success since its inception in 2003, chronic deficits company.
And so promised Musk and his new CFO Jason Wheeler now to obtain the costs and the losses under control and to meet production targets , “Cash is king,” Wheeler said. This year, the high investments to finally pay off. Up to 90,000 cars to be delivered – that would be an increase of nearly 80 percent the previous year
Cheap gasoline is Tesla’s nightmare
remains to be seen whether Musk can implement its ambitious announcements. It would not be the first time that he conceded optimistic forecasts later. Skeptics point out that the environment for e-cars is not particularly pleasing now. Because of the low price of oil and thus the cheaper gasoline dampen demand for alternatives to conventional cars.
This problem does not apply Tesla although as strong as other vendors, because the manufacturer so far only offers luxury models and not about a lack of may sue Kauflust richer customers. But in perspective could hamper the planned offensive in the mass market cheap fuel.
The company is struggling also with homemade difficulties. Especially the lame start of production of the electric SUV “Model X” whose delivery in the fall began after several shifts, leaves analysts doubt Tesla. The sluggish production could lead to supply problems and still burn more money, warns about Autoexperte Brian Johnson from the banking giant Barclays. “This brings the risk of aggressive growth ambitions for the coming years back into memory,” says Johnson.
Musk, who made his fortune with the payment service Paypal and alongside, inter alia also the space company SpaceX leads, has with Tesla big plans. In Nevada, the company is building a huge battery factory. The “Gigafactory” to make Tesla in the future once profitable but initially costs a lot of money.
More aboutThe next month, wants the company that previously sold only sedan “Model S” on a larger scale, to introduce the “Model 3″ an affordable for the wider population E-Car. There is approximately $ 35,000 cost less than half the premium models and in 2017 entered the mass market. The range should be at about 320 kilometers.
However, making General Motors (GM) with a similar offer competition. GM wants Tesla forestall the Chevrolet Bolt EV – with a range of around 320 kilometers and also a price of around $ 30,000 after deduction of government perks of a serious competitor. Barclays analyst Johnson still sees good chances for Musks project: “The Model 3 could reignite interest in Tesla end of March.”
Source: n-tv.de
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