As Paul Constant phrases it, “Fox News Loathes Failure, Unless That Failure Turns Out to Be a Success”.
Of course there are still naysayers, per WaPo/Bloomberg:
… Whether or not Tesla survives or thrives has become an important test of U.S. policy and automotive strategy. The Energy Department gave it a $465 million low-interest loan; President Obama has delivered generous subsidies for electric vehicles.
While the sale of electric cars will fall far short of Obama’s goals, Musk is taking an unconventional approach to establishing his brand. Instead of trying like the Chevy Volt to compete with moderately priced cars, Musk has wooed wealthy buyers with a sleek, four-door sedan that handles like a sports car and can cost more than $80,000. He plans to work his way down toward the mass market with future models.
Doubters have been waiting for Tesla to run out of cash, which it seemed poised to do last year, but it hasn’t. And Musk is moving to take advantage of the high stock price. On Wednesday, Tesla announced that it would raise $830 million in new stock and debt offerings, which it would use to repay ahead of schedule its oft-criticized loan from the Energy Department. Musk said he himself would buy $100 million of the offerings, and the stock climbed still higher.
But some analysts still say the company’s share price is a bubble on a par with foamy tech-era stocks. It is selling for roughly 600 times its estimated 2013 earnings…