By now, you’re probably thinking, “How can this be a good thing?”
Tesla is the hottest car company on the planet.
It’s been selling more cars in a year than the previous carmaker, Ford, ever did in a full calendar year.
But the company’s electric car lineup has been underperforming in the past.
Its cars are underperforming because they’re too slow and they’re underperforming for a reason: they’re all about efficiency.
It costs a ton to make electric cars.
Tesla’s goal is to make as many as possible on the cheapest possible assembly line possible.
But to do that, the company has to build more cars.
So the company needs to make more.
And in the meantime, it’s taking a hit in sales.
Tesla says it’s expecting to make roughly $50 billion in profit on its initial public offering in 2019.
That would be the company that’s built the electric cars that have made Tesla’s stock rise more than a thousand-fold in value since it debuted in 2017.
“That’s what makes Tesla unique, and it’s why it’s so valuable,” says Jason Kravis, a senior analyst at Autonomous NEXT.
“They’re always going to have a hard time matching their profit numbers.
If they could, they would be in an IPO.”
Tesla’s profits have been hurt by the company failing to deliver on its promises.
It promised to be electric cars fast and fuel-efficient.
But its cars have been slow, and some of the cars have had trouble even getting close to full charge.
Tesla has also been trying to make its vehicles more affordable by lowering the price.
That’s helped the company achieve record profits.
But it’s also made the company less profitable.
Tesla sold $7.8 billion worth of cars in 2017, down from $18.2 billion in 2016, according to Autodata.
Tesla hasn’t had to make a big deal about how it’s going to make money on its products since it started selling cars in 2015.
It didn’t even have to disclose how much it would make on those cars to investors.
That kind of secrecy doesn’t sit well with investors, and they’ve been clamoring for more transparency from the company.
Tesla CEO Elon Musk told investors in September that the company is “sending an email to all of you today with an update about our plans.”
That email is going to be an update on what Tesla plans to build.
And Elon Musk says he plans to share it with investors soon.
Elon Musk, Elon Musk: Tesla CEO at a press event on October 18, 2017 in Las Vegas, Nevada.
Tesla Motors CEO Elon Trump at a White House press briefing on November 2, 2017.
The company has said it plans to raise $1.5 billion in a series of stock buybacks, which will allow the company to raise money for capital expenditures, a key component of its profits.
Elon and his team have said the money will be used to make Tesla more affordable, but Tesla’s executives have said they’ll make money if the company can sell more cars and drive down the price of its cars.
Musk has been reluctant to release this kind of financial information, partly because it could hurt Tesla’s brand.
Tesla also has a history of being secretive about its operations.
The New York Times recently wrote about a Tesla “secretive deal” that allowed it to lease out a parking lot to a local nonprofit.
That deal didn’t sit very well with the nonprofit, which had sued Tesla for fraud.
Musk’s team has defended the secretive nature of Tesla’s business, saying that Tesla is more transparent than any other car company in the world.
And it argues that Musk’s goal of making as many cars as possible has been successful, even if it means keeping a tight lid on some of its secrets.
Tesla is building a Model 3 that’s supposed to go on sale in 2019, which would give it another two years to ramp up production.
But Musk has said he’s not willing to release the final design until 2020, because the Model 3 could have serious flaws, including an overheating problem that could slow down its performance.
Musk also said in a recent interview with CNBC that he has no plans to produce any of the Model S or X vehicles until 2020.
Tesla will need more than that to meet demand for its vehicles.
That demand is coming at a time when Tesla is in dire financial straits.
In 2018, it reported a loss of $2.7 billion.
In 2019, the same year that Tesla reported a $1 billion loss, the electric car maker reported a net loss of about $2 billion.
The stock fell to just under $10 a share after that, and Tesla’s shares were trading at a loss in August.
In September, the stock fell even further, dropping to a loss.
Tesla shares are trading at around $18 a share, or about 7