Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.
Sunday, October 16, 2016
Tesla sales soar
All the way along, since that first quarter when Tesla sold just 321 cars, naysayers have been declaring that the whole project will fold, that no one will want to buy a Tesla, etc, etc. Yet the latest quarterly sales totalled 24500, or nearly 100,000 per year. The chart clearly show the classic S-curve flexion point. And that's before the Tesla 3 starts production in late 2017. 400,000 people have paid $1,000 in (refundable) deposits to put their name down for the new Tesla model. My guess is that by 2018, Tesla quarterly sales will be 100,000, 4 times what they are now.