Posted on 07/04/2013 1:44:55 PM PDT by ckilmer
Elon Musk, the co-founder of PayPal and Tesla Motors (NASDAQ: TSLA ) , and founder of SpaceX, has a keen ability to make good predictions.
Source: Businessweek.
Though not always accurate, many of his predictions are eerily on target -- especially for Tesla. For the most part, Musk has been able to stay on schedule with his original plan for the electric car manufacturer.
Perhaps Tesla's soaring stock price has emboldened Musk's forecasting spirit, because he's made quite a few bold predictions lately. Though they should be taken with a grain of salt, four of his recent predictions are worth pondering, says Fool contributor Daniel Sparks in the video below.
While Tesla is disrupting this auto industry, this stock is changing everything we know about professional networking, taking investors for a ride while it's at it. Watch our jaw-dropping investor alert video today to find out why The Motley Fool's Chief Technology Officer is putting $117,238 of his own money on the table. And why he's so confident this will be a huge winner in 2013 and beyond. Just click here to watch!
Tesla Predictions
“...Though not always accurate, many of his predictions are eerily on target...”
I stopped right there.
Wouldn't the information revealed in the "latest look" have already been revealed in an earlier look into Elon Musk's Crystal Ball?
"I predicted, if I campaigned for Barack Obama in 2008, he would throw some green boondoggle cash my way...and I was right!"
Yet the best dang company IMHO on the planet Ford, who has more models and power train options than Telsa ever will have is trading @ $16 / share...
This isn't investment advice folks, please, but flippin' beam me up Scotty, no intelligent investors on this planet...
Man, you got to get into the “green” bubble in the
beginning. It’s how bubbles work.
Elon is going to build charging stations all over the US, entirely funded by Tesla monies...whatever that is.
I think he’s full of crap but, when I met him 7 years ago and took a test drive the concept speedster across the parking lot I told him “Kewel! Thanks! Maybe the high end, luxury, exclusive market will work”.
So, now I’m seeing these things everywhere. Got two neighbors who have em and 6 or seven friends who are waiting the Gen 2.
“While Tesla is disrupting this auto industry”
NOT
and then I quit reading
You and I don't do bubbles Tet68, man I don't get it, I need something that works, not a flippin toy. I am still waiting for the magical breakthrough battery that will make these things work and solar power, because it don't shine @ night, and I am glad I didn't hold my breath...
NOT
and then I quit reading
,,,,,,,,,,,,
true, NOT now.
imho Elon Musk is the same caliber entrepreneur as Bill Gates or Steve Jobs. He’s already started two successful companies PayPal and SpaceX. If you listen to the video you’ll notice that his strategy is completely correct. Start at the top of the line category, ie rich man’s car and work your way down. Internal combustion engine cars started as a rich man’s toy in the late 19th century before working their way down to the Model T.
Musk is currently working at getting stations to allow him to swap out batteries in 20 minutes anywhere in the USA. He expects to have a midrange 30k car in 4 years. His cousin is in the solar cell business. They’re working at getting batteries cheaper so that solar can store energy cheaply. If they can do that—then solar works and batteries become more ubiquitous and cheap.
His strategy is the correct strategy to make electric cars happen. He has a track record of great execution.
That’s why the stock is so high. Because of Elon Musk.
The reason Apple’s valuation was so high was because of Steve Jobs. Its no coincidence that the stock fell soon after his death.
That’s what he told me.
LOL
It was at an investor conference and I blew it off.
I buy the Tesla arguments—but not so much that I would invest in Tesla.
But isn't Obastard making coal a bad word? Isn't he going to make electricity prohibitively expensive, just as the US is poised to become the world's largest oil producer?
Just another snob mobile for the elite and the foolish.
Just another snob mobile for the elite and the foolish.
...........
True for now. Still enough to sell 10,000 cars in 2012. 2013 looks to double that number. These numbers are typical volume of the high end cars like the mercedes. The next big test comes in 4 years when the mid priced model comes out for 30k.
by the time Musk is ready and able to MASS produce “his kind of car” the majors will have “caught up to” his technology and “mimiced” it, with a ton more capital than he will ever have
everything he is doing, and how he is doing what he is doing is (a) no secret to anyone, and (b) in the R&D tanks of the majors as well
everything he is doing, and how he is doing what he is doing is (a) no secret to anyone, and (b) in the R&D tanks of the majors as well
............
all true.
so why are not the majors already doing what Musk is doing now.
They will at some point have to play catch up. They do have the resources to play catch up. Could be that at just the right time the majors will come out and crush Tesla.
So we shall see.
The important thing to note at this point is that Tesla has created a business model and car that is profitable. Something none of the majors have done so far.
“Something none of the majors have done so far.”
ONLY because the super-rich are not their only market and they are building hundreds of thousands of cars the majority can afford
Being just a single niche, an expensive niche, is always less costly, and more profitable to do.
regardless, like the early car industry, it will be sheer capital that wins out ‘cause in time it can buy or develop any technology it needs to outcompete the smaller blokes
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