[indescions_2017]

Yes. It is only human to be worried. They lose money on every car they sell. And the losses are accelerating. If you bought $TSLA at $300. And are looking to hold on for dear life. The next 12-24 months is gut check time.

But there is so much to be optimistic about! Uber or Lyft or Didi could place 100K size orders of Model 3s for their driverless fleets, with substantial support contracts, by 2019. Powerwalls may become standard components in emerging market power grids in the global sun belt. And envisioning charging stations as travel lounges or overnight rest stops is a stealth real estate and hospitality investment.

Tesla is acting as if the Model 3 will change the game. My personal bias is that the analysts are neglecting the raw consumer demand for this brave new electrical world. And if that holds true, continuing to raise cash to finance their production via stock, debt or pre-orders shouldn't be the hard part. Especially if 12 month price targets in the $350-375 range hold ;)

[Symmetry]

They don't lose money on every car they sell. Because they have a lot of NRE and other capital expenses they start out deeply in the hole before they sell any cars. But each extra car they sell after that hole increases their profits by something like $20,000 so they're making a lot of money when they sell cars even if their net divided by the number of cars sold is negative.