Tesla translates to mean “car no go far”.
I’ve posted on here many times I thought it was a slam dunk short.
But also qualified that by saying NEVER bet against a regime affiliated crony capitalist.
So all we do is sit and watch it.
Tesla just needs another “loan” courtesy of Obama.
With P/E ratios like they have they need to execute and deliver flawlessly, any possible negative view will tank the stock.
BMW has gone pretty much all in for an electric car range of products.
BMW has historically done several things wisely. For example while GM was trimming brands, BMW (like Toyota, Nissan) introduced a new brand Mini, and grew it.
Other luxury brands are also introducing electric models, to compete with Tesla.
Fuel prices may postpone these contests. Maybe they will not all survive. But I would be on BMW.
Tesla’s problem is $30 bbl crude and $1.40 gas.
They always have.
Elon Musk is brilliant, but two things: (1) 5 billion USD in government subsidies came his way through cronyism, and (2) lots of brilliant people out there. They don’t have the government teat to suckle (and donate back to).
I previously posted both LAT and NRO links to the $5 billion subsidy claim. Another poster here thought the LAT was too left to be reliable and the NRO had not been reliable recently. He refused to acknowledge that the “brilliance” on display had something to do with the subsidies.
There is a strong element of hero worship in the Musk circle. Great for the stock price, until it isn’t.
Calculating battery life and its replacement costs are an uncertain result. Tesla offers a “guaranteed battery exchange” for the 85kw pack which essentially is an insurance plan. For $12,000 up front when you by the car, you could have the battery replaced at 8 years. However, you will be getting a refurbished battery and the life of that battery would be uncertain. A new 85kw pack will cost $25,000 today with talk about lower costs later. How much lower is uncertain. Also, as the battery life declines, what type of situation is the owner going to find when he wants to trade in or resell? I am sure that the answers to my questions translates to one hell of a wallop to you wallet. And the bang for the buck? You are burning lots of money to save on gas.
SpaceX is probably more likely to be useful than NASA ever was, but that’s obviously not saying much. The only thing they should ever be paid for is if they make defensive satellites which can shoot down enemy nukes or satellites which have the capability to level Mecca, and I’m guessing they aren’t doing either.
Tesla is a completely worthless company which only continues to exist because of government. Electric cars will never be feasible.
And since Elon Musk is really good friends with Soetoro, he should probably be rotting at the gallows as a traitor should instead of being contracted to build his worthless little products.
Musk is a crony capitalist huckster. None of his businesses are viable without massive government funding and special treatment.
My buddy a gastroenterologist has a beautiful Tesla, I call him Nine Volt
Those investors need to move over to the forth coming Elio from Elio Motors.
What took it so long to crash?
Musk has done great R & D here. Problem is R & D doesn’t make a business.
Dutch Tulip Mania - circa 1630’s.