Tesla hasn't been on the ropes after 16 years of groping, with the company reporting one of its biggest quarterly losses ever in the first quarter of 2019. Musk has repeatedly turned around tesla's fortunes with his own personal brand. How far can tesla go on the road to survival?
　　What's going on with tesla
　　From time finance
　　Tesla hasn't been on the ropes after 16 years of groping, with the company reporting one of its biggest quarterly losses ever in the first quarter of 2019. Musk has repeatedly turned around tesla's fortunes with his own personal brand. How far can tesla go on the road to survival?
　　Financing the lives
　　On May 6, tesla closed at $255.34 per share, up 0.12% from the previous close. It was trading at $254.10 a share, up -0.49% from the previous session, giving it a total market value of $44.358 billion.
　　During a recent investor conference call between tesla management and Goldman sachs, citigroup and others, Mr Musk confidently told investors that autonomous driving would turn tesla into a $500bn company. With a market cap of just over $40 billion, can musk really use autonomous driving to help the struggling brand achieve its $500 billion vision?
　　According to tesla's fiscal first quarter 2019 results, the company's first quarter was weak, with its cash balance falling to its lowest level in three years. The net loss was 702 million us dollars, including 188 million us dollars of non-recurring expenses, of which 120 million us dollars was caused by the owners' return and inventory impairment caused by the substantial price reduction of Model S and ModelX. The loss was $4.1 per share on an unadjusted basis and $2.9 per share on an adjusted basis, below analyst expectations.
　　In addition, as of March 31, tesla had only $2.2 billion in working capital and $10.3 billion in debt, according to the report. Tesla said it expects annual capital spending to reach $2.5 billion to $3 billion over the next two fiscal years.
　　Dave Ives, an analyst at Wedbush Securities, said in a note that musk and tesla should look in the mirror and realize they need to change their attitude a little bit about raising capital.
　　Musk has long stressed that tesla is not short of cash, and that the Model 3 capacity is helping the company turn a profit. However, when the first quarter of 2019 results came out, tesla immediately raised $750 million and $1.6 billion by issuing additional common stock and convertible bonds. 16 years after its establishment, it still maintains the company through financing, which can be seen from the situation of tesla market revenue and the degree of fund shortage.
　　Speaking at the thorne investment conference in New York, David Einhorn, founder and President of hedge fund greenlight capital, said Mr Musk's commitment to tesla's self-driving cars was "shit".
　　The tesla controversy
　　Morgan Stanley said tesla needed to be successful in building and delivering cars in China to meet its own ambitious sales targets. Adam Jonas, an analyst at Morgan Stanley, said tesla's team in China was "very constructive about the prospects for tesla to share market share with locally produced Model 3 and Model Y models."
　　It is worth noting that tesla of luhua has been pushed to the forefront recently due to the spontaneous combustion incident.
　　It is learned that after the spontaneous combustion incident of tesla Model S garage in Shanghai on April 21, the spontaneous combustion incident occurred again on the evening of May 3. For a short time is now two spontaneous combustion events, many owners of the era of finance and economics as a matter of luck. "Fuel cars also have spontaneous combustion, but it's not uncommon." One Model S owner said.
　　However, consumers who are interested but have not yet bought a tesla are hesitant. Some consumers told time finance that they are now in a wait-and-see mode regarding whether to buy tesla. "there have been a lot of accidents recently, and it is troublesome to change accessories and communicate with them after experiencing problems. We will wait for domestic products."
　　In addition, the problem of batteries caused by spontaneous combustion has also become a c-terminal concern. The owner of the Model 3 told time finance, "if you use the 460 range marked by the official mark after purchase, you can actually run about 350 miles." The deviation in driving range is also reflected in the remaining products of tesla.
　　In the capital markets, tesla is burning cash but making no profit. Nowadays, tesla models, which are regarded as the benchmark of new energy vehicles by the new forces of car manufacturing in China, have a wait-and-see attitude towards Chinese consumers who want to buy their products due to product problems. Tesla has its own rhetoric about this.
　　"Tesla supports an unconditional refund and replacement within seven days, and the battery can be replaced free of charge in case of spontaneous combustion accident after seven days." When time finance visited the tesla experience store, its sales staff said in response to the recent incidents of spontaneous combustion, "due to technical reasons, we also have no way to avoid problems in the use of individual accessories. "Battery spontaneous combustion is an extremely unlikely event, just like the spontaneous combustion of an iphone.
　　"We remain concerned about the long-term viability of an American company in the Chinese electric vehicle market." "While we think tesla's entry into the world's largest electric vehicle market over the years is a positive, we won't pay a particularly high multiple for earnings from the region because we strongly suspect that local Chinese automakers will do better," jonas said.
　　Fame cross road
　　Musk said tesla would produce 500,000 new vehicles in 2019, with up to 400,000 of those delivered. In the state of capital, products are trapped, musk face fame cross road, whether out of his mind?
　　To meet that standard, tesla would need to deliver an average of about 100,000 new vehicles over the next three quarters, Wall Street widely expects. Time finance has learned that tesla's highest delivery record was 91,000 vehicles in the fourth quarter of 2018.
　　Despite tesla's repeated official downgrades in China in 2019, this has not affected its overall data to a negative development. Tesla delivered about 63,000 vehicles in the first quarter of 2019, down 31 percent from the previous quarter and below analysts' expectations of 76,000, according to the data.
　　Tesla explained that "deliveries in Europe and China have increased dramatically, sometimes more than five times from previous peaks. "" as of March 21, 10 days before the end of the quarter, we have delivered only half of the total number of vehicles for the entire quarter, leading to a significant shift in vehicle delivery to the second quarter." "
　　Despite questions about tesla's finances, products and delivery, that hasn't stopped musk from continuing to expand his business empire.
　　During the 2019 Q1 earnings call, musk said tesla is working on an insurance product that could be available within a month. "We did provide some more detailed information to the insurance companies to help them adjust their rates. Obviously, when we launch our own insurance product next month, we're going to have to factor that into the rate calculation.
　　Berkshire hathaway company's 54th annual shareholder meeting, investors have asked whether worry about tesla into vehicle insurance business, buffett said tesla could got bogged down in ventured into the insurance business, "the car insurance business is not easy, car companies have ventured into the success probability of the insurance industry and insurance companies about into the auto industry."
　　Source: sina automobile (dongguan oneness filtration technology co., LTD.)