By CCN Markets: Goldman Sachs analyst David Tamberrino delivered some ugly thoughts about Tesla’s stock, and it relates the sustainability of demand. There is a lot of that going around. Tesla’s annual revenue: 2019: $25.0 billion*2018: $21.5 billion2017: $11.8 billion 2016: $7.0 billion2015: $4.1 billion 2014: $3.2 billion2013: $2.0 billion2012: $413 million2011: $204 million2010: $117 million2009: $112 million2008: $15 million *analyst forecasts pic.twitter.com/wDjKbRODSR — Jon Erlichman (@JonErlichman) June 21, 2019 Tesla’s Success is Due to Government Rent-Seeking One of the many criticisms regarding Tesla is its reliance on government handouts, including tax incentives. The federal government provided a whopping $7,500
The post Tesla Suffers Blow After Analyst Warns Demand ‘Likely Not Sustainable’ appeared first on CCN Markets
* First published on ccn.com
