I'm continually at a loss to explain why anyone pays attention to financial … 6
For the past several years analysts have been falling all over themselves to tout +Tesla Motors. However, the company has yet to make more than one model at a time or demonstrate any ability to turn on a consistent profit on the sale of cars.
The one model they sell starts at $70,000 and can quickly go up to well over $100,000. Add to that the increasing wealth gap in this country with a shrinking percentage of the population accumulating an ever larger percentage of the wealth and the fact that expensive premium products are inherently self-limiting in volume, is it any wonder that Model S sales seem to have plateaued?
Any fool with two brain cells to rub together could see this coming and it's a scenario unlikely to change until Tesla introduces a much more affordable car. That will no doubt happen at some point, but whether Tesla can do that and still achieve profitability remains very much unproven.
Reshared post from +Jerry Hirsch
Telsa's U.S. sales slow as analysts question growth prospects http://lat.ms/1knL37Y?
Telsa’s U.S. sales slow as analysts question growth prospects
Sales of Tesla’s Model S electric sports sedan are starting to slow in the U.S.