Jason Samuel Profile picture
Oct 3, 2020 8 tweets 3 min read Read on X
Is #Tesla really profitable ? (Why it will fail in India-thread)

The only way a tiny profit exists is by selling ZEV credits. Without zero-emission vehicle (ZEV) and other regulatory credits, they wouldn't be able to report four consecutive quarters of GAAP profitability, (1/8)
a milestone that met the qualifications for Tesla to join the S&P 500. In California &at least 13 other states, any auto manufacturer who wants to sell their cars into that state must sell a certain amount of electric/hybrid electric/other ZEVs. (2/8)
Automakers who are not selling these vehicles yet, or not selling many of them anyway, will buy credits from someone who is for compliance. Since Tesla only sells ZEVs, it doesn’t need to keep the credits that it earns and can sell them before they expire. (3/8)
According to its earnings report, Tesla’s total revenue hit about $6.04 billion for the quarter, with about 7% of that, or $428 million, coming from sales of these credits. To put that in perspective, regulatory credit sales were greater than the company’s free cash flow, (4/8)
and amounted to four times Tesla’s $104 million of net profit for the quarter. That is bad news and is one reason the S&P won’t touch Tesla. Also, TSLA has liabilities of almost 30 Billion dollars and has yet, in 17 years, to make a legit nickel making cars. (5/8)
The Tesla fanboys (Not Elon's - I like him) look at the stock price and get pissed when you challenge the myth of Tesla. Everybody looks at the crazy stock and stories about Musk’s personal wealth, but the company is an inch from bankruptcy. (6/8)
Everybody looks at the crazy stock and stories about Musk’s personal wealth, but the company is an inch from bankruptcy. 7% of their revenue is corporate welfare from the Gov. Add up my previous thread on Tesla cars on India and this. It is doomed to fail. (7/8)
With @anandmahindra 's @MahindraElctrc leading the charge here for EV cars (which might probably be affordable), TESLA will barely make a scratch here rather than people who will buy it for show offs. #Mahindra knows Indian roads and customer behav. better! (8/8)

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More from @the_jasonsamuel

Jul 16, 2023
I've seen founders in TN struggling to raise. here are some pointers for you to help. while money is available everywhere, wrapping up a raise quickly so you can get back to concentrating on the product works best for the startup.

/1
please don't raise when you're desperate for money. especially if this is your first raise. always have backups when you start. you're more likely to do mistakes, accept dumb money and even worse, bad money and bad people in your cap table.

/2
never employ a professional group who can raise for you in exchange for equity or money. VCs hate taking meetings for. anyone else other than founders especially for an early stage founder.

/3
Read 19 tweets
Oct 3, 2020
#Tesla in India calls for a thread: Read in detail

Have you seen a more ugly interior with a sea of plastic for a 55k USD Model 3 ? The 100 USD Screen is not even built it. It's bolted in. Has a loud cabin at 120 kmph. Put 3k USD more and you get a luxury Lexus. (1/10) Sea of plastic filled tesla model 3 interior
So much for being a fan boy eh ? Lexus is a premium luxury car with far superior build quality, fit and finish, rich materials, better options, and a quieter cabin at 120 to 130 kmph than the aforementioned Tesla. “Premium” should stand for more than a price tag. (2/10)
They lack the sound insulation, double pane window glass, and active noise cancelation in Lexus. Tesla build quality is low, below any average Indian car you can see. Let's compare it to other luxury cars of the same price range ? (3/10)
Read 10 tweets
Aug 7, 2020
@airtelindia can chose to clarify this publicly without asking me to shoot a DM or they can choose to be silent and send me an automated message like you always used to do. I noticed reduced 4G speeds always and nothing seemed to improve. After a few days of..(1/n)
..constant calls and emails, their customer representative came on call and told me Puducherry doesn't have proper 4G network towers for Airtel and they are constructing the same and that's why there were network + data speed issues. Then today I received a message..(2/n)
...that you have upgraded 4G network and it will be much better. Then if you didn't have the necessary infra to deliver what was promised as a network provider, why did you charge us full for the whole past 1.5 to 2 years ? Why can't you have a proper customer support ?..(3/n) Image
Read 7 tweets
Feb 24, 2020
@kfc @KFC_India Twice when I bought from you using UPI, the amount was deducted from my account but it didn't reflect there. Either way, I gave my contact details for the KFC branch to contact me that if it comes back so that I can transfer it back again.
@kfc @KFC_India @kfc @KFC_India But, now they are calling me and asking me for my bank statement from 04/02/2020. I don't know if it's advisable to share my personal information. When I asked for an official KFC email id, they refused and asked me to share it to KFC.jipmer@sapphirefoods.in Image
@kfc @KFC_India Adding additional pictures @KFC_India

Please let me know how to proceed. I am receiving multiple calls. The matter is of 1000 INR. But, I am talking about blatant disregard for Privacy. I am disclosing the person's contact number as it's from KFC Image
Read 4 tweets

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