Posted on 03/04/2019 5:58:39 AM PST by artichokegrower
Tesla is abandoning its dealerships and slashing prices to survive after its monthly sales tanked by 77 percent since the December 31 cut in federal all-electric car subsidies.
(Excerpt) Read more at americanthinker.com ...
At the end of the day it’s hard to root for a company that needs my taxes to survive.
Economics 101: Anything that requires a government subsidy is not economically viable and will eventually collapse. Tesla is also a cult stock.
Tesla stock price dropped $25 on Friday it will be interesting to see what happens today.
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The stock price is back to where it was two weeks ago, mainly because it was announced that there will be no profit this quarter, but profits will resume after that.
January is their slowest month, but compared to last year sales are up significantly. These numbers are also only looking at the US. Tesla sent many more cars to China and Europe.
As a company they are doing better than ever.
At the end of the day it’s hard to root for a company that needs my taxes to survive.
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Tesla doesn’t need your taxes to survive.
But I do find it easy to root for Tesla because they are a growing American company that employs several thousand people, a lot of them veterans. They’ve also successfully fought to keep out unions.
Another Barack taxpayer boondoggle bites the dust.
Where is the need to improve the product when the government subsidizes it? Tuition goes way up with government grants. Innovation is more likely to occur when they’re worried about paying their own electric bill.
What a terrible article you found. It relies on correlation to draw false conclusions.
Where is the need to improve the product when the government subsidizes it?
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Tesla is one of the most innovative companies in America.
Tesla has always been a NO WIN financially... other than perhaps those who got in cheap early...
If the Electric Car truly catches on, it will be mass produced cheaper by bigger players with more experience.
Tesla can only survive by being a niche player, or selling itself off to noe of those players moving into the space.
It he electric car doesn’t catch on, and with recharge times in the hours, thats the most likely scenario, that it remains a niche player... then it will die trying to be a mainstream product rather than a high margin niche product.
Electric vehicles are fine for nice situations, commuter vehicles, etc... but, until you can drive 300-400 miles, and recharge in 10 minutes or less, and have abundant infrastructure to support that recharging, its a non starter.
Since I am a taxpayer, any federal subsisides or tax credits, I help finance.
Tesla enjoys massive Gov’t help on the state level too.
If the technology cannot survive on its own without government, read taxpayer, subsidies, them it is not a viable technology.................
Meanwhile....... The Tesla space craft docked with the ISS and has eliminated the need for Russian rockets to take our astronauts into spaceetig
Tesla accomplished the stated goal of the government to create a “Green” vehicle.
But the real goal of the government was control over you, not empowering you. So ...FAIL
And my chainsaw started on 1st pull ...
Neither statement has anything to do with electric cars
I laugh whenever I see articles of a Tesla BK. Lots of shorts putting out lies. Tesla has many institutions ASKING to loan them money or to buy stock. No risk of BK at all. ZERO! They are working to make a profit... but so did Amazon. Big deal.
I think Tesla’s executive personnel problems are pretty amusing also. They can’t keep any top brass because every new superstar that shows up looks at his/her portfolio and then rapidly “reconsiders”.
Also didn’t the entire Quality Team resign, or get cut, or something like that? lol
Rats! Why didn’t I sell short? Would’ve been easy money.
here is a good, sober article:
looks like elon’s flim flam may be running its course....there may not be, after all, 76 trombones in a big parade heading our way, even thought he really wants that to be the case......
Tesla’s car in space has traveled farther than any other car in the history of cars ,LOL
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