I’m in Awe of How Tesla is Now a Supernatural Phenomenon by Wolf Richter • Feb 4, 2020 • 193 Comments The WTF stock chart of the year. And another WTF chart of just how tiny Tesla is compared to the top 10 automakers.
THE WOLF STREET REPORT: What Will the Coronavirus Do to the US & Chinese Economy? by Wolf Richter • Feb 2, 2020 • 179 Comments Is this the black-swan event people have been predicting for years?
Tesla’s Revenues +2%, Auto Revenue +0.7%. Net Income Plunges 25%. Without “Regulatory Credits,” it Would Have Lost $28 Million. Annual Loss Hits $862 Million. Shares Spike 12% by Wolf Richter • Jan 29, 2020 • 137 Comments OK, let’s look at the Tesla magic briefly.
What Happens When Investors Stop Fueling Cash-Burn Machines: At MoviePass Parent, Everything Goes to Zero by Wolf Richter • Jan 29, 2020 • 94 Comments Shares, which at peak-hype spiked 1,200% in a month, go to zero. Board of Directors goes to zero. Executives go to zero. Sales already zero.
Startup Unicorn Casper Sets IPO Price Range to Dish Out 36% Loss to Prior Investors by Wolf Richter • Jan 27, 2020 • 96 Comments Another money-losing, cash-burning, over-hyped unicorn in a ho-hum low-tech business (bedding retailer) tries to make it out the IPO window.
Tesla’s Global Deliveries Compared to the Top 10: Volkswagen, Toyota, GM, Ford, Honda, FCA, Mercedes… Here’s the Chart by Wolf Richter • Jan 24, 2020 • 218 Comments Tesla’s Stock Makes it the Second Most Valuable Automaker in the World. But How About its Size?
Australian Construction Giant CIMIC Writes Off Disastrous Arabian Adventure, After Being Bludgeoned over Opaque Debts by Nick Corbishley • Jan 24, 2020 • 27 Comments Shares plunged 20% on the spot, and are down 44% in nine months.
Union Pacific Cut 17% of its Workers, Will Cut 8% in 2020. Revenue Fell 9.5%, Income 10%. Bought Back $5.8 Bn in Shares. Stock Hits New High by Wolf Richter • Jan 23, 2020 • 101 Comments Its debt surged to fund the share buybacks. And truckers ate its lunch. But don’t tell any of this to the “market.”
The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares by Wolf Richter • Jan 22, 2020 • 114 Comments Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged.
What to Do with Malls? Teetering UK Mall Giant Intu Asks Investors for £1 Billion. Shares Drop to Near-Nothing by Nick Corbishley • Jan 21, 2020 • 66 Comments Brick & Mortar melts down on mall owners. So “repurpose” malls into housing?
