Wed Oct 26 2016
I have had my doubts about TESLA.
But everyone assures me that a guy who can shoot rockets into space can build electric cars.
Gee sounds a lot like John DeLorean to me.
That operation also stayed afloat on a sea of subsidized government money, just as TESLA does.
Tesla's predictions of earning a buck a share back in March are now down to negative earnings for the quarter.
How can the firm deliver the promised $35K electric car while failing to make any GAAP earnings?
We will look at the statements in class.
Professor Elam 
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