Posted on 07/21/2018 11:40:05 PM PDT by deek69
One disastrous tweet has finally revealed Elon Musk for what he is: a fraud.
Enraged that a British cave diver called his idea to rescue the Thai soccer team for what it was — “a p.r. stunt [with] absolutely no chance of working” — Musk took to Twitter and called him a “pedo.”
Just like that, Tesla’s market value plummeted by $2 billion.
(Excerpt) Read more at nypost.com ...
Pardon. Did not see your prior comments to discern the sarcasm.
Agreed, but a lot more satisfaction billing hypocrites.
Well, Elon gambled that he could nearly fully automate the assembly line. Well, he was probably a decade too early because the technology we have is not sufficient at this time so he ended up having to hire all those humans to take place of robots.
He's built much of his shaky empire using tax subsidies provided by the Government.
My intuition says "don't trust him."
“Tesla employs around 45,000 people and has a market cap of $54 billion.”
What you say is true. However, heavy manufacturing such as building autos is a different animal than any of his previous endeavors. And, Tesla has yet to show a profit hence the $54B market cap is built upon speculation, investors are playing the come cause it’s sexy. Musk has to deliver fairly soon I think or his Tesla project will come down around him on the factory floor he’s been sleeping on. If you happen to own Tesla stock suggest you cash out asap...
I don't think he is a fraud. I think he is a genious who has the ability to bring ambitious projects to fruition and to market.
Will current market values prevale? Will stockholders be rewarded? Who knows. But they know the risks. I don't think Elon's companies are reporting false results.
So I don't see fraud there. I see envy on the part of his critics.
I don't think he is a fraud. I think he is a genious who has the ability to bring ambitious projects to fruition and to market.
Will current market values prevale? Will stockholders be rewarded? Who knows. But they know the risks. I don't think Elon's companies are reporting false results.
So I don't see fraud there. I see envy on the part of his critics.
And, Tesla has yet to show a profit hence the $54B market cap is built upon speculation, investors are playing the come cause it’s sexy.
...
Tesla did show a profit for one quarter, and if they hadn’t invested heavily in Model 3 production capacity they would be showing a profit today. Tesla cars have a higher margin than any other electric car.
Cars today are pikers compared to our beloved guzzlers of yesteryear. I remember burning up the pavement with my 1968 Chrysler New Yorker and watching the gas guage needle drop from full to empty in a sometimes shockingly short amount of time. It had a 440 cubic inch all cast iron engine with a four barrel carburetor bolted on top. If you pushed the pedal down hard the thing guzzled gasoline like a drunken pirate. But of course a gallon of gasoline cost less than 30 cents a gallon at that time which is less than half of what just the tax on a gallon costs us these days.
A gallon of gasoline weighs 6 pounds and stores 115,000 BTUs of energy or 33.7 KWH and currently costs about $3. When it is used up there is nothing to dispose of. A “high capacity” 85 KWH Tesla battery contains over 7100 individual Li-ion cells and weighs 1200 pounds. The software in the “85 KWH” battery currently limits the amount of actual storage to 75 KWH to help extend the life of the battery and to help prevent defective cells from overheating and catching the battery on fire.
Tesla does not sell new batteries directly to the public so it is hard to pin down what they currently cost. The cost of a new 85 KWH “high capacity” Tesla battery in 2014 was $45,000 dollars. These days you can typically find a used 60 KWH battery pack from a wrecked Tesla for a little over $12,000. The batteries are projected to last 8 years under normal driving conditions... what ever that is. After that you will have 1200 pounds of used battery to dispose of. Will you be able to get money for it... or will you have to pay to get rid of it?
Currently less than 5% of Lithium Ion batteries are recycled. This is because the current recycle process costs far more than what the products recovered are worth and still leaves hazardous waste product. And the support hardware within Tesla batteries is constantly being upgraded to avoid those nasty fires that we have all heard about. So it is not a good bet that your worn out $45,000 Tesla battery will be worth much after 8 years; there is a good chance that you will have to pay to get rid of 1200 pounds of hazardous waste.
“What a joke of an article.
SpaceX has single handedly captured half of the global commercial satellite business for the United States. Prior to SpaceX, the USA was a non-factor in the industry.”
Yep, SpaceX has now driven the Russians out of the launch market. The ESA is also in big trouble with commercial launch.
“The woman who wrote this is embarrassingly ignorant.”
That’s absolutely correct. Even Tesla, while having some problems, has done many things very well, including producing the first actually desirable electric cars.
From the YouTube:
+++++++++
Eric Fontaine 3 weeks ago
Folks - this is NOTHING like what SpaceX has accomplished. This vehicle is one stage only, not a booster. It did not leave the atmosphere. It did not go supersonic. It did not deal with re-entry heating. And much more.
While VERY cool, and an amazing accomplishment for it’s time - this is in no way comparable to what SpaceX has accomplished.
Ha! Well put and TRUE!!!!!
There is no after market for these cars because the replacement batteries are 20 to 40000k.
I have been interested in electric powered vehicles and alternative energy sources since I was a kid growing up in the 1960s. I have tinkered for years creating various devices and still having fun, now designing easily replicated devices for my 3-D printer.
You are absolutely correct in your assessment here. After 8 years a typical car has about 100,000 miles and still has more than half its life left and typically is still worth several thousand dollars. At an average of $3 a gallon and 25 mpg it will have used $12,000 in fuel during that time period. But after 8 years and 100,000 miles a typical Tesla is projected by Tesla to need a new battery which will be in the range of $20,000 to $40,000. It will not make any economic sense. The complete used car will not be worth what the battery will cost. Teslas are disposable vehicles.
Just the replacement cost of the battery will cost approximately twice what the fuel that a car the same size will have used during the life of the battery. This is not to even mention the cost of the electricity used to recharge it. Teslas really make no economic sense at all under current conditions. I am surprised that Prius hybrids have worked out as well for their owners as they have, but you can actually still drive one around with a weak battery with usually nothing more serious than a reduction in fuel economy. With a Tesla you would be looking at seriously compromised range and possibly power. Maybe enterprising individuals will be able to figure out how to salvage the electric components and put gas engines in them?
This is a ridiculously inaccurate article, but my question is, why now? Elon Musk has jumped the shark, and is in the process of becoming a non-person. Either it was his past quarter's Tesla stockholder's conference call, his calling the Thai seal a pedo, or because it has been revealed that he has donated money to republican candidates.
You don't know history! For an example, I suggest you read about the Big Four railroad barons of the West - Stanford, Crocker, Huntington and Hopkins. They scammed the government into giving them huge subsidies in order to complete the transcontinental railroad across America. They were paid different rates according to the terrain, the most for mountainous terrain. According to their charges, mountain land would be almost to San Francisco - much land which is flat or easy foothills. They did depend on the government subsidies to build their palaces and finance their businesses, and never paid the government back. These four built much of California for the hordes of people who came on trains. Ever hear of Stanford University, Crocker Bank, etc.? Crooked money built empires out West. Read your history, son.
MBA Wharton-UPenn
B.S. Physics-UPenn
Accepted to Stanford PhD. program for Applied Physics and Materials Science. Entrepreneurial bug won out.
Doesn’t hold Engineering sheepskin. Neither did Steve Jobs.
They are shorting Tesla stock and using the media to drive the value down.
I don't need to do due diligence. I don't like electrics and the bashing of gasoline-powered vehicles. Electrics have been around for over a century and still not ready for prime-time. While gasoline delivers more bang for the buck and is a proven technology. All I said, is that the Teslas appear to be better than what the other car-makers are putting into production. There is huge dissatisfaction with the Chevy Volt and Nissan Leaf, etc., far beyond any for the Tesla. The Volt is a disaster, and sucks up lots of government handouts. If you check reports on the Tesla from a technical standpoint, you'll see that it has superior electronics integration and lower build costs than the Volt or other electrics. All of what Musk is doing is not entirely bad, he's being blamed for everything in a similar way that Trump is blamed for everything. I don't care about Musk and I don't like him, and yes he is kind of an a-hole. An a-hole genius, though.
heh heh
Look up ‘railroad land grants’.
“I don’t know how true it is but I read somewhere musk had assembly line robots removed and replaced with human labor.”
Musk is building cars in a tent because he can’t get his automated assembly line to work.
Note that Elon claims to be such a manufacturing wizard, but he can’t get a modern assembly line up and running in more than a year. When the auto industry standard for full operation is a few months !
https://www.bloomberg.com/news/articles/2018-06-25/the-future-of-tesla-hinges-on-this-gigantic-tent
Tesla is the Maginot Line of automobile manufacturing.
I read the same thing. The robots were too slow at some tasks and required too much human intervention. If one cog in the mechanism fails, the whole production line is impacted. Humans can intervene on the fly to fix problems. So Musk determined that he had too many robots and replaced some with humans. Score one for humanity.
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