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To: catnipman
I agree. Tesla refuses to report their numbers as per "Generally Accepted Accounting Principals" (aka GAAP) and the only reason they are able to "report a profit" is because of government incentives.

Ed Wallace has been on their case for a couple of years now. Tesla would need to build ~100,000 cars per year just to break even.

Don't get me wrong, EVs are fine for running errands around town, which Ed does in his Mitsubishi MiEV for $1.25 in electric costs per week.

This article seems designed to sucker a few more fools onto the bandwagon so that the earlier investors (aka fools) can find a more willing sucker.

38 posted on 01/04/2014 3:04:40 PM PST by jtonn
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To: jtonn

Yep. Credibility gap.

Tesla claims 20,000 units for 2013. That would make them more common than new Jaguars. Who believes that?


50 posted on 01/04/2014 5:41:24 PM PST by jjotto ("Ya could look it up!")
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