News Site – Page 14384 – I wish I had more to offer

The Morning After: One last update for Google Glass Explorer Edition

Sponsored Links Hey, good morning! You look fabulous. Welcome to your weekend! While this week has included plenty of 2019 recaps (Apple App Store, Google Play, YouTube, Spotify), there’s still some time left on the clock. Well, not as much for Google Glass Explorer Edition, but we’ll get to that. Also, a jury decided in… Continue reading The Morning After: One last update for Google Glass Explorer Edition

Self-repairing robots

In Japan, robots are being developed that can repair themselves. Researchers at the University of Tokyo taught this PR2 robot how to tighten screws on its own body. This is an important achievement in the field of robotics, especially for robots working in the field of robotics household to help out. There is a worldwide… Continue reading Self-repairing robots

Diesel: Traffic monitoring in Berlin

In order to control compliance with diesel bans, Berlin is considering automatically monitoring traffic. The simple solution would be the blue plaques, whereas the conservatives – especially the Minister of Transport Andreas Scheuer – deny. Therefore, the police in Berlin now demand the automation of vehicle detection. It should be the Mark of vehicles and… Continue reading Diesel: Traffic monitoring in Berlin

With AI against smartphone ban at the wheel

In Australia, you want to take greater action against the use of the mobile phone on the steering wheel. Also the fatal accident with the Uber-wagon goes back to an inattentive driver staring at her phone instead of paying attention to the traffic. This behavior has already cost countless lives, because it leads to accidents… Continue reading With AI against smartphone ban at the wheel

Real X-Wings took flight at Disney’s new Star Wars ride grand opening thanks to Boeing

Boeing might be taking the last crucial steps to prepare for its first crewed Starliner capsule spaceflight, but it’s also busy turning sci-fi into reality right here on Earth – by helping Disney build X-Wing large-scale starfighters to celebrate the opening of the ‘Rise of the Resistance’ ride at Disney World in Florida. Earlier this… Continue reading Real X-Wings took flight at Disney’s new Star Wars ride grand opening thanks to Boeing

Tesla Revenue Growing Rapidly, But Critics Can’t Move On

Invest
Electric Cars
Electric Car Benefits
Electric Car Sales
Solar Energy Rocks
RSS
Advertise
Privacy Policy

Clean Power

Published on December 7th, 2019 |

by Zachary Shahan

Tesla Revenue Growing Rapidly, But Critics Can’t Move On

Twitter
LinkedIn
Facebook

December 7th, 2019 by Zachary Shahan

Several months ago, Hamid Shojaee tweeted out a superb chart highlighting both Tesla’s annual revenue growth and summaries of the consistently wrong claims of Tesla critics and skeptics. It was so brilliant that I wanted to write an article about it, but I never got to that. As it turns out, though, the chart is still relevant today. First of all, here’s the tweet and chart:

Yet again, 2019 revenue is going to show a sizable increase over the year before. In the 3rd quarter, Tesla showed a profit yet again, surprising the market and demonstrating for the third quarter out of five that it is able to push out a profit. As we roll through the 4th quarter of 2019, though, I consistently see critics claiming that the end is near, that Tesla’s not really making money (these quarterly profits have all just been accounting tricks or fraud), and that Tesla’s finances are actually in very bad shape. None of that makes sense to me, based on what I’ve seen, and I think the cause or purpose of those claims centers around a lack of context. People are losing the forest for the trees.

That’s what the chart above does so well. It puts superficial claims of the company’s imminent collapse in the context of 7 years of such claims. Every step of Tesla’s growth, critics and skeptics have said the company was at its peak and despite all the enthusiasm around Tesla’s recent (at the time) growth, it was going to be downhill from there. Of course, it’s been basically all uphill so far.

Will critics (especially ones who have been hovering over the company for a decade) ever give it up and move on? Or will they continue doubting Tesla for many years to come? It’s hard to say, but I think anyone who has been following the company closely for several years expects claims of Tesla’s coming bankruptcy to persist through the 4th quarter as well as into and perhaps all throughout 2020. Even if Tesla shows a profit again in the 4th quarter, they will find some way to spin “the future” in order to forecast armageddon and corporate collapse for Tesla. Perhaps the biggest question is not whether these forecasts will be put out there, but whether the people behind them actually think they’re true or simply have a vested interest in smearing the company.

In any case, thanks to Hamid for the great chart, and stay tuned for 4th quarter stats and predictable Tesla [TSLA] bear claims. If history tells us anything, Elon Musk could show up as the real Iron Man, report record-shattering profits, and still be smeared as a fraud who’s driving his company into the ground.

Full disclosure: I’m long Tesla [TSLA], because I think the company has a massive lead in some of the fastest growing large industries in the world as well as a corporate culture that results in rapid, effective innovation.

I’m also a Tesla Model 3 owner, because I think it’s the best vehicle on the market (or second best behind the Tesla Model X, depending on your needs and desires). If you’d like to buy a Tesla Model 3, Model S, or Model X and get some free Supercharging miles, feel free to use my special, magical, unicorn-blessed referral code: https://ts.la/zachary63404. You can also get a $100 discount on Tesla solar with that code. There is currently no use for a referral code when putting down a reservation for a Cybertruck or Model Y.
Follow CleanTechnica on Google News.
It will make you happy & help you live in peace for the rest of your life.

About the Author

Zachary Shahan is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director and chief editor. He's also the CEO of Important Media. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao.

Zach has long-term investments in Tesla [TSLA] — after years of covering solar and EVs, he simply has a lot of faith in this company and feels like it is a good cleantech company to invest in. But he offers no investment advice and does not recommend investing in Tesla or any other company.

Advertise with CleanTechnica to get your company in front of millions of monthly readers.

Nissan India extends December discount offers on Kicks, Go, Go+

TIMESOFINDIA.COM | Dec 7, 2019, 16:42 IST Nissan India has announced ‘Red Weekends’featuring a host of offers on Nissan and Datsun models. During this period, customers can avail cash discounts up to Rs 40,000, exchange bonus up to Rs 40,000 and corporate discounts up to Rs 10,000 on Nissan Kicks. NEW DELHI: Nissan India has… Continue reading Nissan India extends December discount offers on Kicks, Go, Go+

Death of Gérard Detourbet, the father of Renault’s low-cost car

A legendary member of the Renault group, Gérard Detourbet died at the age of 73. Considered as the father of the “low-cost” range, with the Logan, Sandero, Duster or Kwid models, he was recalled by Carlos Ghosn to lead the offensive in India. Holder of a doctorate in mathematics, Gérard Detourbet began his career at… Continue reading Death of Gérard Detourbet, the father of Renault’s low-cost car

Asian logistics startups jostle to be ‘Uber’ of last-mile delivery

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Asian logistics startups jostle to be ‘Uber’ of last-mile delivery

Jury Declares Elon Musk Is “Non-Liable” For Pedo Guy Tweet

“My faith in humanity is restored,” said Tesla CEO. As of December 17, 2019, Elon Musk has 29,890,270 followers on Twitter. Anything he says there will have a much more significant impact than a private conversation would. This is why calling Vernon Unsworth a “pedo guy” put him in trouble. Unsworth led the rescue efforts… Continue reading Jury Declares Elon Musk Is “Non-Liable” For Pedo Guy Tweet