Charlie Grant

speaker

422 appearances 10 recordings 1 series first heard Jul 2017 last heard Apr 2024

Charlie Grant’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Investors Bet Big on Tesla's Model 3 · 28 Jul 2017 podcast

I've been bearish on this stock, and doubters like me have been proven wrong time after time after time. matched

But there's a lot of hope that Tesla can deliver a great product at a profit. matched

The auto industry is known for very thin profit margins. matched

A lot of things can go wrong. matched

You need technical precision that Tesla has not yet demonstrated. matched

But investors are willing to put the cart before the horse in 2017. matched

Yeah. matched

Absolutely. matched

And that moment keeps getting pushed back. matched

I have some stats here from you. matched

This is what analysts expect in earnings now and what they expected a year ago. matched

So for this year, these are adjusted non-GAAP numbers, analysts expect a loss of $6.12 a share. matched

A year ago at this time, they were expecting a $2.33 a share profit. matched

2018, they're expecting a small loss, $0.88. matched

But a year ago, they were expecting $6.11 a share in profit. matched

Even 2019, they're still expecting the money to start rolling in then, but they expected $12.38 a share a year ago, and now $5. matched

So that's interesting. matched

And the stock's gone straight up as these estimates keep going slash. matched

Well, part of it is the SolarCity deal, which was announced but not yet closed. matched

SolarCity is, to put it kindly, a financial mess, and that is now part of the business. matched

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