Elon Musk’s Comparision Of Tesla Motors Inc (TSLA) With Apple Inc. (AAPL) Doesn’t Go Well

Tesla Motors Inc (NASDAQ:TSLA) downward trend in the market could see the stock trading below $200 mark on the heels of the company posting dismal fourth-quarter earnings. CNBC’s, Jim Cramer, believes it may be high time to own the company’s products, but not the stock as the downward trend could persist amidst competition from the likes of General Motors Company (NYSE:GM).

is autozone a good stock to buy?

The major undoing to Tesla Motors Inc (NASDAQ:TSLA) in the recent past has had to do with increased competition in the space especially with other giant auto companies affirming plans to enter the space. Tesla sales also continue to be affected by the increased perception that it would be difficult to charge the cars due to a lack of charging stations especially in China.

“Tesla Motors Inc (NASDAQ:TSLA) missed on sales on earnings on gross margins on cash flows negative $455 million and on guidance. Tesla might not burn fossil fuels, but it is burning money like crazy; there is no way the balance sheet can support the amount of investment that is needed. Meanwhile the other guys notably General Motors Company (NYSE:GM) and BMW are catching up offering very competitive models,” said Mr. Cramer.

Wall Street seems to have reacted angrily to what Musk said on the conference call with regards to the reason for the poor showing in the fourth quarter, as well as the company’s long-term prospects. Musk reiterating that’ sales were weak as a result of customers being on vacation does not add up, according to the Mad Money Analyst.

Tesla Motors Inc (NASDAQ:TSLA) prospects in China seem to have been affected by the company’s own sales staff admitting that it was hard to charge the electric cars suggestions that Musk vehemently refuted during the earnings call.  China remains a key a market for the giant electric car and how quickly the company gets it right will determine its long term prospects.

The CEO also seems to have taken Wall Street by surprise by stating that Tesla is on track to have the same valuation as Apple Inc. (NASDAQ:AAPL) considering the current woes that have seen it shed a substantial amount of value

“You only get one chance to redeem yourself after a real fiasco and the man is a real genius. I am not disputing that but make no mistake about that, this was a fiasco earnings miss of  immense proportion coupled with the arrogance of Steve Jobs without the wonderment or the numbers to back it up. Bottom line, Tesla great car bad company,” said Mr. Cramer.

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.