What a joke. Tesla uses fraudulent accounting to boost earnings and share prices and then Musk cuts himself a multi million dollar bonus. To date Tesla has sold a little over 500,000 cars. Volkswagon has sold on average over 10,000,000 cars annually. This is what the 2008-2009 crisis and pouring of 29 TRILLION dollars into the Banks and other non Bank Corporations has wrought.
https://investmentresearchdynamics.com/teslas-warranty-expense-income/
Sorry the bigger joke here is your source....
Quoted verbatim from your link:
"I did not read the article beyond the summary because it was placed behind Seeking Alpha’s subscription firewall."
Yeah your great news source is quoting an article which they do not wish to pay for and therefore is talking out his ass lol
Also Tesla has sold nearly double your 500,000 cars quote
They also currently hold about 20% of the electric market
Unreal, Tesla is worth more than VW
Are you guys kidding?
Did you miss the entire VW "clean diesel" lawsuits that are still being settled to this day?
I don't care if they sell 10X the cars that Tesla does in a day; when they get sued for BILLIONS worldwide you guys are trying to figure out why their stock price is low???
Seriously?
14.6 BILLION on first settlement alone
https://money.cnn.com/2016/06/28/news/companies/volkswagen-fine/index.html?iid=EL
Heck the US government has a massive ongoing lawsuit against them for fraud and is expected to rake in alot more money
https://money.cnn.com/2018/05/03/news/companies/winterkorn-vw-diesel-scandal/index.html
More here:
Regulators in multiple countries began to investigate Volkswagen, and its stock price fell in value by a third in the days immediately after the news. (I see 24 different countries including Canada suing them)
Volkswagen announced plans in April 2016 to spend €16.2 billion on rectifying the emissions issues
Another 2.8 Billion in US penalties
https://www.wsj.com/articles/judge-...n-criminal-fine-in-emissions-fraud-1492789096
SEC Fraud here which causes stock to plummet further (2019 it just happened)
https://www.nytimes.com/2019/03/15/business/volkswagen-winterkorn-sec-fraud.html
