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Link Posted: 8/17/2019 11:46:09 PM EST
[#1]
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More like Delorean!  Is Elon gonna do a big coke deal???
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Anyone else see Tesla as the modern day Tucker?
More like Delorean!  Is Elon gonna do a big coke deal???
Truly the more apt comparison. Can’t tell the sycophants that though...

https://www.ar15.com/forums/general/Drove-a-Tesla-today-holy-crap-/5-2246955/

Oh em gee! It’s like so totally awesome!
Link Posted: 8/18/2019 12:19:32 AM EST
[#2]
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lol

In popular parlance, that “business model” is called a pyramid scheme.
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You don’t need to make money to stay in business, you just need investors...
lol

In popular parlance, that “business model” is called a pyramid scheme.
"What the...this isn't a business plan; it's an escape plan!"
Link Posted: 8/18/2019 1:28:25 PM EST
[#3]
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lol

In popular parlance, that “business model” is called a pyramid scheme.
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Quoted:
Quoted:

You don’t need to make money to stay in business, you just need investors...
lol

In popular parlance, that “business model” is called a pyramid scheme.
And a popular one at that...
Link Posted: 8/18/2019 1:42:51 PM EST
[#4]
Still haven't been able to master a basic manufacturing technique that the "Big 3" had down cold in the mid 1960's. See you on Mars, Elon.
Link Posted: 8/18/2019 2:08:26 PM EST
[#5]
Link Posted: 8/18/2019 2:54:28 PM EST
[#6]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Truly the more apt comparison. Can’t tell the sycophants that though...

https://www.ar15.com/forums/general/Drove-a-Tesla-today-holy-crap-/5-2246955/

Oh em gee! It’s like so totally awesome!
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Quoted:
Anyone else see Tesla as the modern day Tucker?
More like Delorean!  Is Elon gonna do a big coke deal???
Truly the more apt comparison. Can’t tell the sycophants that though...

https://www.ar15.com/forums/general/Drove-a-Tesla-today-holy-crap-/5-2246955/

Oh em gee! It’s like so totally awesome!
Tesla fans need their Q thread too.  

You just won't find them in threads with details about Tesla finances.
Link Posted: 8/18/2019 3:01:07 PM EST
[#7]
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Someone tell the President: Tesla committed to pay $320 million/year in taxes to China.  

Tesla pays no income taxes to the USA.  Tesla received $700M+ in subsidies from US taxpayers in the third quarter of 2018 alone.  
Instead of providing jobs for Americans to export cars to China, Tesla is building a new $2B factory in China.  
https://www.thestreet.com/investing/stocks/someone-tell-the-president-tesla-s-musk-promised-china-320m-tax-revenue-a-year-15036212
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Every Musk business plan seems to be based on govt. subsidies, tax deferments, tax credits, etc. Without these bennies he would be bankrupt.

He pulls out of any nation that shuts down the free cheese.

He's an expert on this stuff. Have to give him that. An expert at sucking at the taxpayer tit.
Link Posted: 8/18/2019 3:04:38 PM EST
[#8]
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Yeah.  They work incredibly well, right up to the point when they suddenly don't  
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You don’t need to make money to stay in business, you just need investors...
lol

In popular parlance, that “business model” is called a pyramid scheme.
And a popular one at that...
Yeah.  They work incredibly well, right up to the point when they suddenly don't  
Musk is the next Bernie Madoff.
Link Posted: 8/18/2019 3:07:15 PM EST
[#9]
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Every Musk business plan seems to be based on govt. subsidies, tax deferments, tax credits, etc. Without these bennies he would be bankrupt.

He pulls out of any nation that shuts down the free cheese.

He's an expert on this stuff. Have to give him that. An expert at sucking at the taxpayer tit.
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Someone tell the President: Tesla committed to pay $320 million/year in taxes to China.  

Tesla pays no income taxes to the USA.  Tesla received $700M+ in subsidies from US taxpayers in the third quarter of 2018 alone.  
Instead of providing jobs for Americans to export cars to China, Tesla is building a new $2B factory in China.  
https://www.thestreet.com/investing/stocks/someone-tell-the-president-tesla-s-musk-promised-china-320m-tax-revenue-a-year-15036212
Every Musk business plan seems to be based on govt. subsidies, tax deferments, tax credits, etc. Without these bennies he would be bankrupt.

He pulls out of any nation that shuts down the free cheese.

He's an expert on this stuff. Have to give him that. An expert at sucking at the taxpayer tit.
What's he getting that any other manufacturer isn't getting?
Link Posted: 8/18/2019 3:10:35 PM EST
[#10]
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Still haven't been able to master a basic manufacturing technique that the "Big 3" had down cold in the mid 1960's. See you on Mars, Elon.
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If you have ever been on the line, you know that it's seriously crap.
Link Posted: 8/18/2019 3:17:28 PM EST
[#11]
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What's he getting that any other manufacturer isn't getting?
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It's not that the other companies are eligible for these subsidies, it's that Tesla is completely dependent on them and actively defrauding investors by claiming they're a real company. How many times has Musk claimed Tesla will be profitable next quarter and all quarters going forward, only to walk it back while losing hundreds of millions each quarter?
Link Posted: 8/19/2019 10:51:24 PM EST
[#12]
Really Musk is good at sucking Wall Street tit. Although I don’t see other manufacturers selling BS emissions credits
Link Posted: 8/20/2019 2:06:38 AM EST
[#13]
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What's he getting that any other manufacturer isn't getting?
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Someone tell the President: Tesla committed to pay $320 million/year in taxes to China.  

Tesla pays no income taxes to the USA.  Tesla received $700M+ in subsidies from US taxpayers in the third quarter of 2018 alone.  
Instead of providing jobs for Americans to export cars to China, Tesla is building a new $2B factory in China.  
https://www.thestreet.com/investing/stocks/someone-tell-the-president-tesla-s-musk-promised-china-320m-tax-revenue-a-year-15036212
Every Musk business plan seems to be based on govt. subsidies, tax deferments, tax credits, etc. Without these bennies he would be bankrupt.

He pulls out of any nation that shuts down the free cheese.

He's an expert on this stuff. Have to give him that. An expert at sucking at the taxpayer tit.
What's he getting that any other manufacturer isn't getting?
Already bilked all the ev tax credits for one, massive carbon credits from the other makes, massive solar subsidies, subsidies on superchargers and infrastructure, factory building incentives and massive local tax breaks under the guise of "green", discounted loans for green tech, you name it, they've cashed in on it...
Link Posted: 8/20/2019 8:34:25 PM EST
[#14]
Walmart Inc. is suing Tesla Inc. over a spate of roof fires at several Walmart stores that the retailer alleges were caused by Tesla solar panels.

"To state the obvious, properly designed, installed, inspected, and maintained solar systems do not spontaneously combust, and the occurrence of multiple fires involving Tesla's solar systems is but one unmistakable sign of negligence by Tesla," according to the complaint filed on Tuesday.  
https://www.marketwatch.com/story/walmart-sues-tesla-over-solar-panel-rooftop-fires-2019-08-20?siteid=rss&rss=1
Link Posted: 8/20/2019 8:58:59 PM EST
[#15]
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Walmart Inc. is suing Tesla Inc. over a spate of roof fires at several Walmart stores that the retailer alleges were caused by Tesla solar panels.

"To state the obvious, properly designed, installed, inspected, and maintained solar systems do not spontaneously combust, and the occurrence of multiple fires involving Tesla's solar systems is but one unmistakable sign of negligence by Tesla," according to the complaint filed on Tuesday.  
https://www.marketwatch.com/story/walmart-sues-tesla-over-solar-panel-rooftop-fires-2019-08-20?siteid=rss&rss=1
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That's going to sting.
Link Posted: 8/21/2019 7:39:04 AM EST
[#16]
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That's going to sting.
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Walmart Inc. is suing Tesla Inc. over a spate of roof fires at several Walmart stores that the retailer alleges were caused by Tesla solar panels.

"To state the obvious, properly designed, installed, inspected, and maintained solar systems do not spontaneously combust, and the occurrence of multiple fires involving Tesla's solar systems is but one unmistakable sign of negligence by Tesla," according to the complaint filed on Tuesday.  
https://www.marketwatch.com/story/walmart-sues-tesla-over-solar-panel-rooftop-fires-2019-08-20?siteid=rss&rss=1
That's going to sting.
The complaint says there were fires at seven separate Walmart stores.  Beavercreek, Ohio store was closed for more than a week.  Primarily due to faulty installations and product quality problems.
Link Posted: 8/21/2019 3:50:25 PM EST
[#17]
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You're closer to correct than you realize.  He gave an interview many years ago where he said that around 2003 he and his cousins dreamed up the Solar City business model while driving to Burning Man, as a way to extract government clean energy tax credits.

Solar City would install a solar system on a house and lease it to the home owner.  Because Solar City owned the system, they got the juicy government tax credit.  Then they would package up the leases into securities and sell them to investors to recoup the upfront investments.

Elon, Kimball, Lyndon, and Peter became very rich off of it while receiving over $3B of government largese.  And when Solar City ultimately failed, Elon convinced Tesla shareholders to bail it out and save the Musk clan's holdings.  Lyndon and Peter left the company soon after with a mountain of Tesla stock to sell.  Kimball is still on the board of directors of Tesla and sells every share of Tesla stock he gets, as soon as it vests every month, like clockwork.
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^ Interesting history on SolarCity.
Link Posted: 8/21/2019 4:00:12 PM EST
[#18]
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Quoted:
What's he getting that any other manufacturer isn't getting?
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Quoted:
Quoted:
Someone tell the President: Tesla committed to pay $320 million/year in taxes to China.  

Tesla pays no income taxes to the USA.  Tesla received $700M+ in subsidies from US taxpayers in the third quarter of 2018 alone.  
Instead of providing jobs for Americans to export cars to China, Tesla is building a new $2B factory in China.  
https://www.thestreet.com/investing/stocks/someone-tell-the-president-tesla-s-musk-promised-china-320m-tax-revenue-a-year-15036212
Every Musk business plan seems to be based on govt. subsidies, tax deferments, tax credits, etc. Without these bennies he would be bankrupt.

He pulls out of any nation that shuts down the free cheese.

He's an expert on this stuff. Have to give him that. An expert at sucking at the taxpayer tit.
What's he getting that any other manufacturer isn't getting?
Solar City is a perfect example of Musk et al. sucking at the govt. tit.
Link Posted: 8/21/2019 4:07:38 PM EST
[#19]
Link Posted: 8/21/2019 4:28:22 PM EST
[#20]
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^ Interesting history on SolarCity.  
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You're closer to correct than you realize.  He gave an interview many years ago where he said that around 2003 he and his cousins dreamed up the Solar City business model while driving to Burning Man, as a way to extract government clean energy tax credits.

Solar City would install a solar system on a house and lease it to the home owner.  Because Solar City owned the system, they got the juicy government tax credit.  Then they would package up the leases into securities and sell them to investors to recoup the upfront investments.

Elon, Kimball, Lyndon, and Peter became very rich off of it while receiving over $3B of government largese.  And when Solar City ultimately failed, Elon convinced Tesla shareholders to bail it out and save the Musk clan's holdings.  Lyndon and Peter left the company soon after with a mountain of Tesla stock to sell.  Kimball is still on the board of directors of Tesla and sells every share of Tesla stock he gets, as soon as it vests every month, like clockwork.
^ Interesting history on SolarCity.  
Wow
Link Posted: 8/22/2019 5:59:48 AM EST
[#21]
Link Posted: 8/22/2019 7:44:25 AM EST
[#22]
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That ought to pump the stock price. $420 a share! Funding secured!
Link Posted: 8/22/2019 8:16:01 AM EST
[#23]
Evidently Walmart and Tesla have been working to resolve these fire hazards for several years.

Tesla put wires near sharp points and metal edges, used incorrect connectors that built up heat and failed properly to tighten connectors, used plastic tools with insufficient strength and plumbing tools, and improperly grounded systems, and kept poor records. During inspections, Walmart said, Tesla searched for problems with drones that lacked sufficient resolution to find panel "hotspots" and put tape on hotspots which exacerbated heat buildup.  
https://www.reuters.com/article/us-walmart-tesla-solar-lawsuit-factbox/factbox-walmart-and-tesla-fought-in-private-long-before-solar-lawsuit-idUSKCN1VC1EH
Link Posted: 8/22/2019 8:24:20 PM EST
[#24]
BusinessInsider reports that Tesla knew what was causing the solar panel fires.

Last year, Tesla initiated 'Project Titan' - a stealth nationwide program to replace solar panel parts that could cause fires.  
Walmart said in its complaint that Tesla never provided sufficient "root cause" analysis of why these fires happened.   Project Titan's existence answers some of those questions.
https://www.businessinsider.com/tesla-project-titan-replace-bad-solar-panel-parts-2019-8
Link Posted: 8/22/2019 9:50:19 PM EST
[#25]
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Author missed my favorite stat.  He pointed out that Tesla has raised over $20B in Other People's Money, but he missed the opportunity to point out that Elon has managed to turn that $20B into a mere $6.5B of book value that generates ongoing losses.  He's destroyed over $13B of value to create a money losing hobby business.
Link Posted: 8/22/2019 10:24:06 PM EST
[#26]
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Author missed my favorite stat.  He pointed out that Tesla has raised over $20B in Other People's Money, but he missed the opportunity to point out that Elon has managed to turn that $20B into a mere $6.5B of book value that generates ongoing losses.  He's destroyed over $13B of value to create a money losing hobby business.
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It’s too bad. If he was as smart as he thinks he is he could have probably built a functioning company with all that wasted money. Just another two bit shyster although a very successful one.
Link Posted: 8/23/2019 10:15:31 AM EST
[#27]
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When Musk decide to use Tesla money/debt to buy his family/buddy-owned failing business, it was proof that Tesla shareholders would let him do absolutely anything.
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I think it was Bill Cunningham who wrote an article last year accounting for all of the costs of the Solar City acquisition.  It was more than just the up front stock dilution, billions in Solar City debt payments Tesla took on, and the ongoing losses of a propping up a bankrupt business.  It was also the long term payments to the VIE investors who helped juice cash flow early on but make it up by siphoning cash out of the business later.  In total the costs to Tesla were over $6B for Elon to bail out his brother and cousins.

$6B would have paid for another battery factory and a car factory with 3-4 assembly lines and a capacity of 500k vehicles a year.  Read that sentence again, and imagine what could have been done with that money.  Instead what was bought for the price of $6B was protecting a few tens of millions of dollars of wealth for the Musk and Rive families.
Link Posted: 8/23/2019 12:04:47 PM EST
[#28]
"Our great American companies are hereby ordered to immediately start looking for an alternative to China..." - Donald Trump

Tesla's new plant is coming online, just as Chinese auto sales are crashing, and the US-Sino trade war escalates.  
https://www.barrons.com/articles/tesla-stock-is-a-casualty-as-china-escalates-the-trade-war-51566573856
Link Posted: 8/25/2019 7:41:08 AM EST
[#29]
Link Posted: 8/25/2019 8:43:32 AM EST
[#30]
$243/share capital raise a mere four months ago looks more and more distant in the rear view mirror.
Link Posted: 8/25/2019 10:10:25 AM EST
[#31]
Discussion ForumsJump to Quoted PostQuote History
Impossible! I was assured in the solar panel fire thread that it was a sabotage attempt by Walmart!

Crazy how crappy the quality of care Tesla gives for every item they produce.
Link Posted: 8/25/2019 3:27:07 PM EST
[#32]
Tesla says they're looking for a new manufacturing site in Germany.

LOL.  When they ask Musk where's he going to get the cash, I'm sure Musk will say "Funding Secured."
https://www.reuters.com/article/us-tesla-germany/tesla-scouting-sites-for-possible-factory-in-germanys-nrw-rheinische-post-idUSKCN1VF0MH
Link Posted: 8/25/2019 3:31:25 PM EST
[#33]
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Tesla says they're looking for a new manufacturing site in Germany.

LOL.  When they ask Musk where's he going to get the cash, I'm sure Musk will say "Funding Secured."
https://www.reuters.com/article/us-tesla-germany/tesla-scouting-sites-for-possible-factory-in-germanys-nrw-rheinische-post-idUSKCN1VF0MH
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Between this & Chee-eye-na, it sure sounds like Tesla is moving on to the next mark.  Normal companies become profitable, stack up capital, and grow overseas after domestic operations are squared away.
Link Posted: 8/25/2019 7:39:11 PM EST
[#34]
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Tesla says they're looking for a new manufacturing site in Germany.

LOL.  When they ask Musk where's he going to get the cash, I'm sure Musk will say "Funding Secured."
https://www.reuters.com/article/us-tesla-germany/tesla-scouting-sites-for-possible-factory-in-germanys-nrw-rheinische-post-idUSKCN1VF0MH
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Next stop, a country with no extradition treaty with US.
Link Posted: 8/25/2019 7:46:10 PM EST
[#35]
Link Posted: 8/25/2019 9:41:44 PM EST
[#36]
November 8, 2016, Tesla announces that they'll choose a location for the European gigafactory "next year."  https://electrek.co/2016/11/08/tesla-location-gigafactory-2-europe-2017-both-batteries-and-cars/
June 6, 2017, Tesla is considering 3 new gigafactory sites.  https://electrek.co/2017/06/06/tesla-new-factory-gigafactories/
June 6, 2018, Tesla announces the pre-announcement of the European Gigafactory announcement.  https://www.businessinsider.com/elon-musk-details-teslas-gigafactory-plans-in-us-china-europe-2018-6

So today they're announcing the Eurofactory again.  This brings us to over 20 gigafactory announcements in total, all time.
Link Posted: 8/26/2019 11:22:31 AM EST
[#37]
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Vanity Fair: "He's full of shit".  
Among other things, Musk took $750M from New York state, and has created only 300 of the 2,900 jobs promised.  
https://www.vanityfair.com/news/2019/08/how-elon-musk-gambled-tesla-to-save-solarcity
Link Posted: 8/26/2019 1:49:27 PM EST
[#38]
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Quoted:
https://finance.yahoo.com/news/tesla-bull-im-buying-as-many-shares-as-i-can-150646601.html

Poor Galileo Russell.  The last time we were in a bear market, he was in the eleventh grade and had no idea that he wanted to be a youTube-based stock analyst for a career.

https://www.linkedin.com/in/galileo-russell-6560993b

He's the epitome of starry eyed dreamer millennials who invest on stories and not fundamentals.  Last year Russell gave an interview where he said, "I actually like that Tesla is losing money."  He's already deeply in the red based on statements he made last year about how many shares he had.  When TSLA eventually reaches a reasonable valuation based on fundamentals, he's going to be looking at an overall 70-100% loss.

Also, lol @ starting a youTube channel making you a "CEO."  
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But they believe in the mission

Belief is now a fundamental.
Link Posted: 8/26/2019 1:52:21 PM EST
[#39]
Ex-Tesla Employee Tells All; What It's Really Like to Work For Elon Musk!


lol

trigger warning at the beginning for the Tesla D-riding KoolAide drinkers
Link Posted: 8/26/2019 1:56:22 PM EST
[#40]
Ark Invest's Cathie Woods defends her Tesla to $4,000 call


ARK Invest CEO is bullish on Tesla


FWIW, itt took 3 or 4 months for TFL to get their M3's minor body damage repaired. IMO, their experience highlights some flaws in Tesla's dealer-less model.
And it cost a shitload to get said minor body damage repaired, IIRC it was about 15k.
Link Posted: 8/26/2019 5:53:17 PM EST
[#41]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
https://www.youtube.com/watch?v=AWFjfYa28A0

https://www.youtube.com/watch?v=_ZhrZJ-rdBo

FWIW, itt took 3 or 4 months for TFL to get their M3's minor body damage repaired. IMO, their experience highlights some flaws in Tesla's dealer-less model.
And it cost a shitload to get said minor body damage repaired, IIRC it was about 15k.
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She comes off as a nut
Link Posted: 8/26/2019 5:53:18 PM EST
[#42]
Will Walmart's issues with their solar panels have an effect on their interest in purchasing Tesla trucks?
Link Posted: 8/26/2019 5:54:54 PM EST
[#43]
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She comes off as a nut
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Quoted:
https://www.youtube.com/watch?v=AWFjfYa28A0

https://www.youtube.com/watch?v=_ZhrZJ-rdBo

FWIW, itt took 3 or 4 months for TFL to get their M3's minor body damage repaired. IMO, their experience highlights some flaws in Tesla's dealer-less model.
And it cost a shitload to get said minor body damage repaired, IIRC it was about 15k.
She comes off as a nut
she prefers "thematic investor"
Link Posted: 8/27/2019 2:27:40 PM EST
[#44]
Musk's Tesla electric cars are about 'lifestyle', not climate: Masagos

Singapore has a message for Elon Musk: Taking mass transit is a better climate-change solution than tooling around in one of his Tesla electric vehicles (EVs).

The city-state, which has said its efforts to cope with climate change are as crucial as military defence, has prioritised greater use of its trains and buses, Mr Masagos Zulkifli, minister for the environment and water resources, said in an interview on Wednesday (Aug 21).

Mr Musk has criticised the country for being slow to adopt EVs and said in a January tweet that the Government "has been unwelcome".

"What Elon Musk wants to produce is a lifestyle," Mr Masagos said on Wednesday when asked about the entrepreneur's comments. "We are not interested in a lifestyle. We are interested in proper solutions that will address climate problems."

Tesla didn't immediately respond to a request for comment.

The low-lying island nation faces an existential threat from the impacts of climate change and the country's Prime Minister Lee Hsien Loong said in a national address on Sunday that it could cost more than $100 billion over the next century to protect it from rising sea levels, hotter temperatures and more intense rainfall.

Singapore's trains and buses cover much of the island's 720 sq km, with the newest subway routes featuring driverless carriages and several of the most-popular bus routes traversed by double-decker carriers. The country, with a population of about six million, is aiming to enhance mass transit options so that by 2040, any trip within the country will take no longer than 45 minutes.

Even though Singapore is focused on public transport, the nation is still uniquely positioned to transition to plug-ins, according to Mr Masagos. That's because the state controls car ownership licences, which it gives out on a 10-year basis and can be used as an instrument of change, he said in the interview.

"If there's any country which can convert from petrol cars to 100 per cent EVs, it will be Singapore," he said. But, he added, it would be difficult to develop adequate charging stations with 85 per cent of the population living in high-density, government-supported housing.

"Just choosing a parking spot is already problematic," Mr Masagos said. "And now you want to say who gets the charging point. We do not have the solution yet."
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Singapore isn't wrong.
Insane 0-60 numbers are inefficient and unenvironmental.
Checkm8, m8.
Link Posted: 8/29/2019 3:20:53 AM EST
[#45]
Another flawless Tesla product launch:  https://forums.tesla.com/forum/forums/tesla-insurance-ppst
Link Posted: 8/29/2019 7:56:13 AM EST
[#46]
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Another flawless Tesla product launch:  https://forums.tesla.com/forum/forums/tesla-insurance-ppst
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Another way for Elon to scam money from gullible Tesla fan boys.
Link Posted: 8/29/2019 8:04:44 AM EST
[#47]
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Another flawless Tesla product launch:  https://forums.tesla.com/forum/forums/tesla-insurance-ppst
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lol damn.

So I just went to the Tesla insurance link and it currently says "Algorithm update in progress." lololol
Link Posted: 8/29/2019 8:05:46 AM EST
[#48]
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double tap. stupid 504 error
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Link Posted: 8/29/2019 8:06:23 AM EST
[#49]
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triple tap kept getting 504 errors
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Link Posted: 8/29/2019 8:45:04 AM EST
[#50]
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Another way for Elon to scam money from gullible Tesla fan boys.
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LOL.  All the usual hoopla from Tesla about their "special" product.  There were articles in the all the financial publications about Tesla's new insurance division.

Tesla is just reselling someone else's automobile insurance.  Tesla is an insurance broker for State National Insurance Company, a unit of Markel Corp.  
https://www.reuters.com/article/us-tesla-markel-insurance/tesla-rolls-out-insurance-in-california-idUSKCN1VI2QZ
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