Scott Galloway, a assistant of business at NYU’s Stern school of business, just appear a list of companies he’s assertive are about to acquaintance a severe downturn. Among them: We Work, Lyft, Robinhood, OYO, and Tesla.

While the first four may not be huge shockers, adding Tesla to the list looks a bit arguable given the company’s record-setting pace in Q3. But, if you look a little closer, things below the apparent don’t appear so tranquil.

A leaked email acquired by Elektrek adumbrated the aggregation was on pace to bear more than 100,000 cars in Q3, which would be a record. Unfortunately for Musk and co., this anniversary comes at the amount of profitability. According to a report from The Motley Fool:

Tesla will apparently report addition ample loss for the third quarter, even excluding stock-based compensation, which is a massive amount in itself. Normal-course cost reductions may enable Tesla to reduce its losses over time, but they don’t represent a path to acceptable profitability.

Galloway’s anticipation appears based on agnate logic. Here’s the Tesla-relevant atom from his blog:

Dear Cheep trolls: yes … I’m an idiot, I can’t do, so I teach, and I don’t accept genius. It’s a tech/energy play. I get it… Save your breath. Yes, he is a genius, Tesla has afflicted the world for the better (I accept this). And … Tesla doesn’t have the scale to attempt in a well-run, low-margin business — auto.

While anyone who’s accounting about Elon Musk with a.. shall we say, ‘less than positive’ spin, can empathize with Galloway’s tongue-in-cheek defensiveness, his simple point is that Tesla doesn’t appear to have a viable plan to become profitable. Despite promises about advances in batteries and acid bordering costs from third-party parts providers, there’s little reason to accept Tesla can brute-force its way into the black.

The company’s accepted is Musk’s affiance that Tesla will field a actor fully free ‘robotaxis’ ancient before the end of 2020. Experts in the fields of bogus intelligence and robotics say this claim is ridiculous. Rodney Brooks and Kai Fu Lee, for example, said they’ll eat all one actor of those cars if that happens.

It’s safe to assume that Tesla would have no agitation axis a profit if it were to invent, develop, manufacture, and field one actor fully-autonomous robotaxis by the end of 2020. But, because that the number of driverless cars able of level five freedom in actuality is currently it’s absurd Brooks and Lee will lose their bet.

Galloway says Tesla will either abandon or lose eighty percent of its value. According to him, “The unicorn barn is on fire. Ablaze.” And, in truest form, Musk‘s making fart noises in the inferno’s accepted direction:

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