You don't need quarterly earnings to know the stock is overvalued crap! They lose money on every car they make. They sold 400k cars last year and they have a market cap of 100billion!!!! Check my math but $250,000 market cap per car that sells for 50k on average is f-ing ridiculous! Not to mention $10 billion in debt and NO PROFIT!!! In a normal world the stock would be at 40-50. They will NEVER make a profit.... NEVER
Spiitz
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@equitytraderabk, Unfortunately you are massively incorrect. They do make a healthy profit on each car unlike anyone else in the EV space. This is due to their superior technology and resulting efficiencies. Not sure where you get the idea they lose money on cars. They are not making profits every quarter because they are growing rapidly. Their superior technology in the EV space is proving they are the market leader for the technology replacing the combustion engine. This is why they are so highly valued. The market follows growth. Pretty straight forward really.
equitytraderabk
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@Spiitz, that's interesting because they just announced they will sell 500k units next year (complete bs as their books are fake) and their losses will be BIGGER than this year.