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In reply to the discussion: Third Tesla Model S electric car catches fire [View all]Mother Muckraker
(116 posts)There is only 1 death per 7000 fires statistically and there have been 3 Model S fires. This is not about a car crash killing no one.
It's about 3 fires in the course of 6 weeks which the feds are now investigating. Using the numbers from the government (see prior posts with chart) the fire rate is now almost twice the national average.
And yes, the stock price should be attacked because there is no reason for such a massive valuation. TSLA's valuation is based on future promises by Elon Musk, the same person who has lie and misinformed the public. $500/month for a Model S to promoting non-GAAP numbers to promote a "profit" when Tesla has actually suffered a loss for the last 2 quarters. Q2 loss of 30 million and the latest Q3 loss of $38 million.
GAAP numbers are the only acceptable numbers as required by the SEC so investors don't get swindled.
Those are the facts.