Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • Drew Dowdell
    Drew Dowdell

    Tesla's Stock Plunges

      ...Tesla stock under $200 as company faces cash crunch...

    Tesla's stock opened under $200 at $197.75 on Tuesday, a substantial decrease from the $332.80 it was trading for in December 2018. In April, Tesla posted a $722M loss for the first quarter of 2019.  Tesla has faced terrible delivery reports over the last two quarters while also trying to get the new Tesla Model Y production online and a Gigafactory in Shanghai operational. 

    The Los Angeles Times reports that Wedbush Securities Analyst Dan Ives has cut the price target of Tesla from $275 a share to $230 a share citing an escalating trade war between the U.S. and China.  Another analyst cuts Telsa's forecast Chinese sales in half and sees the company being forced to take on new partners to make ends meet. 

    Tesla recently raised $2.7 billion in a stock and bond sale, an amount that Tesla head Elon Musk says will give the company about 10 months of cash.

    User Feedback

    Recommended Comments






    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Its a beautiful picture.  A general and random thought it may be, but the picture itself should be immortalised in here. Thanks for sharing it with us.  @trinacriabob   
    • I'll never forget the times I've gone across the pond on BA 747s...or on trips to Hawaii where I walked through the open air concourses and they were parked close by, where I could them up close and huuuuge...love those those bigguns.
    • I think they knew all along and were in denial.  I think that there are a lot of stupid people in our country, but it would surprise me if that many are that stupid.  They needed something to pin their hopes on, like some sort of Anti-Christ, or a scapegoat.  If anything, it could be the beginning of the ending of a very bad era. One very good sign is when Google Maps will show the inscription Gulf of Mexico ... again.  About two weeks ago, the wind blew off a baseball cap I was wearing.  That meant I had to grab my U-Dub baseball cap, which is kind of obnoxious, since it's all purple.  In no time flat, I found a large variety of Gulf of Mexico baseball caps online and for great prices, so I will be ordering one in about a week.  When I was on the ship that sailed out of Tampa in April for that repositioning voyage, there was a human p. o. s. up by the pools talking to someone and wearing a Gulf of America cap.  I wanted to say something, but I held back.  I thought that tacky people took short cruises to Mexico and the Caribbean, but I guess they cross oceans, too.  Money does not buy class.  Coincidentally, the perfect example of it is Agent Orange.  Merry Christmas to those who celebrated as such or happy holidays.  One of the things I will be celebrating with is a new Gulf of Mexico baseball cap.
    • Good morning ... ... I think I'm dreaming ... That it's (still) so incredible, that I'd like to be on one, and that I'd like to be somewhere warm and/or beautiful. While probably meant for the Airplanes thread, I thought I'd make it a general share
    • This is good to see that high school educated people and those with no education at all are waking up to the fact that Idiot47 has been lying the whole time now that life is tough for everyone. Donald Trump’s approval rating flips with least educated Americans
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search