After the closing bell on Wednesday, Tesla released its fourth quarter results. For the second quarter in a row, the company announced its greatest quarterly loss to date. For the second quarter in a row, shares of TSLA rose in the aftermarket, dampening my hopes that I might profit on the small put option I bought on TSLA a couple of days earlier. What was different this time is that the company did not re-adjust its Model III production targets downward. Of course, this all happened only about a day after another of Elon Musk’s companies, SpaceX, launched Musk’s own Tesla Roadster into orbit around the sun with a simulacrum of Musk behind the wheel and David Bowie’s “Life on Mars” as the soundtrack. I can honestly say, it was a beautiful moment. Perhaps I’m still, to some extent, an Elon Musk fanboy/cultist, but I just thought maybe this time… The day will come when even fanboys will demand more of Tesla than merely “not cutting production targets” in order to view a quarterly report as a victory. Tuesday was not that day, but it is coming.
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