Easily one of the most controversial automakers of modern time, Tesla has done the unthinkable. Yes, it actually survived building the original Roadster and made the debut of the second model, the S.
Elon Musk must have been happy to prove legendary auto journo Dan Neil wrong in a publicized bet.
But, it's safe to say that Tesla isn't out of the woods yet. According to an SEC filling from Monday, the company is going to miss forecasts in a big way. While Tesla expects to have $400 - 440 million dollars in full-year revenue, this is off from forecasts that projected $120 - 200 million MORE bucks in revenue.
Now this doesn't seem too bad, right? I mean, it is a new automotive maker and the reality is this is likely the toughest business to be involved in.
Then you see this.
Tesla has come clean about a net LOSS of just about $865 million through June 30.
This impacted the company's stock, which tumbled nearly 9.8 percent in today's trading action.
That said, are Tesla''s financials an indication of a company just getting on its feet OR something much, much worse?