Musk is losing $5,000 on every car sold.
How long till he asks for a new bailout w/ our money ?
Not unusual for a startup to lose money while doing R&D and developing sustainable market share. I’m in one now - revenue is growing very nicely, even though operating costs were larger for several years; at some point you pass break-even and start raking it in. Losing $5k on a $100k car isn’t bad, so long as the losses are decreasing and sustainable market share is increasing.
Premium products that actually sell at a profit get competitors quickly. The Mercedes S- faces off against Audi A8, BMW 7-, Lexus LS, Jaguar XJ, and others a little higher or a little lower.
No one is making knock-offs of the Tesla. Competitors don’t want to waste the money.
This is yet another scheme to take money for nothing and give to those insiders.
The clintons criminal empire
http://www.wnd.com/2015/04/wall-street-analyst-uncovers-clinton-foundation-fraud/
Excerpt: The next WND article in the series will focus on Ortel’s remaining concerns, including what appears to be a complex fraud the Clintons perpetrated that exploits HIV/AIDs victims in developed countries. The scheme, he said, drew funds from government-collected airline ticket liens imposed through the auspices of the United Nations World Health Organization.