, Columnist
Tesla's Schooling Carmakers in Spin
It's worth separating some of the rosy rhetoric from financial reality.
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"Why don't investors care about Tesla's earnings, profits or other financial metrics traditional carmakers like us are consistently judged on?" an Asian automaker asked at a recent meeting, echoing a perennial gripe.
As Gadfly's Liam Denning has pointed out, Tesla Inc.'s shares seem utterly indifferent to what's going on on the balance sheet. While big earnings misses such as the one we saw this week can prompt dips, the stock tends to trade more on future promise.