Optimism and skepticism about Tesla’s future are in an all-out war. Those who are bullish on the 15-year-old maker of sexy all-electric cars are doubling down on their bullishness and support for CEO Elon Musk.
Those who are bearish are predicting a bankruptcy in the next year, as Tesla burns through all its cash and fails to convince new investors to fund its monumental losses (something like $20 billion for the life of the company).
Tesla, at base, is an automaker. But unlike other automakers, Tesla is valued like a rapid-growth tech firm and avidly followed by the same enthusiasts who might consider social media, fintech, and cryptocurrencies to be their passion.