I suspect the one thing keeping Tesla from bankruptcy was the irrational cult of personality built around its founder. With him gone, the whole, hollow structure will collapse.
These are incredibly expensive, software intensive cars. When the company goes bankrupt, it won’t be like Studebaker. Studebakers were standard cars anybody could keep running for decades. Not so with Teslas. For all practical purposes, no one but the dealer can work on them. People are going to be angry.
Hopefully, Tesla hasn’t become to politically important to fail. I am tired of the endless bailouts.
Meanwhile some guy who ripped off a convenience store will get 10 years.
Amazing stuff... This company sells roughly 50 to 60 thousand cars per year. Most of their subsidized sales are to the idle rich looking for a new toy, and to the famous such as Al Gore and Leonardo DiCaprio to go along with their SUV’s and private planes as a statement of how much they care about global warming.
Meanwhile, in 2017 the big three automakers sold 2.4 million pickup trucks.... That doesn’t includes SUV’s, sedans, vans, etc.... That’s just pick-up trucks.
At the rate of 50,000 vehicle sales per year, it will take Tesla 48 years to sell 2.5 million units. Even if the market does grow (but it won’t grow much because let’s face it... How many idle rich people and celebrities are out there?), it would still take decades to achieve a number of 2.4 million units.
For the common person, the future is not self driving electric cars. It’s Ford F150 pick ups, Silverados and Ram Trucks. The most sold vehicles in the market are gas guzzling behemoths.
Tesla is a subsidized experiment propped up by people like Obama, the Democrats and Al Gore as the future for the auto industry. It’s fake news and when the truth is fully realized, Tesla will come crashing back to to reality and their stock will be worthless.
LOL- this was NOTHING!
They said his comment about wanting to take his company private again was fraud?
Who the eff is running the SEC?