Isti analitik iste firme (Max Warburton iz Sanford C. Bernstein & Co.), ki opozarja na težave z malimi avtomobili, je Bloombergu dal povod in štof za (še en) članek o Tesli, ki je "strukturno nedobičkonosna" (beri: strukturno izgubarska, reminiscence iz čase socializma so nedopustne). Če Tesla pade, naj bi največ pridobile nemške firme

But now, the Palo Alto, California-based company appears to be “structurally unprofitable,” with high fixed costs, a much smaller market for its models than expected and technology that’s no longer unique, Warburton said. That compares with Daimler AG’s Mercedes-Benz brand and BMW AG, which consistently generate cash and are set to widen their electric line-ups soon.
“A financial failure of Tesla would force a change in investors’ views” of traditional carmakers, “hit the credibility of other newcomers” and weaken regulators’ push to speed up adoption of electric autos, Warburton said. “All of this will be positive for the valuations of European OEMs, particularly the German premium brands,” and also help parts makers such as Continental and its main investor Schaeffler AG that still have major internal-combustion engine operations.
Warburton’s comments are the latest salvo in a debate among industry observers over Tesla’s future. The share price has plunged in recent weeks, closing at a 2 1/2-year low on Friday, amid growing skepticism about consumer demand for Tesla’s vehicles and the company’s ability to handle its debt load. Tesla didn’t immediately respond to an emailed request for comment about the report.
Two weeks ago, Morgan Stanley analyst Adam Jonas called Tesla a “restructuring story,” with the stock price potentially plunging to $10 in a worst-case scenario, as it’s likely to miss delivery targets.
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