Yahoo's Thoughts On Tesla Stock
According to the Yahoo article, Tesla's growth in stocks are starting to make a U-turn in the market. Still the company is valued over $600 billion dollars, a lot of stockholders are seeing a lot of returns and gains from holding onto the stock. It's interesting, however, " Tesla’s still losing a ton of money making electric vehicles, yet is able to report a profit due to unsustainable cash flow streams (namely, Bitcoin trading and the sale of emissions credits), is worrisome to many long-term investors" says the Yahoo article. They are able to sustain growth with those deficits by trading at a rate of 16x more than their sales and 600x more than their earnings. Possible concerns in the market for the stock are driven from the Chinese tension halting sales to half according to their last month sales report. Since China is the one of the world's largest EV car users, having that impact on Tesla's orders hurt their profits. Other concerns include other EV car m...