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 ...
Land Grants to the railroads?
Electrical engineer Ian Wright who preceded Musk at Tesla was similar in role to The Woz for Apple.
Automation does not help if the operating software is actively sabotaged.
Not the same thing, and that was not in all cases. Had to be paid back in other ways, particularly interstate regs and taxes, and no R&D subsidy FWICS.
Ahhh, Musk cheerleader-san.
He did not invent the technology, but merely “stole” the others’ work (paid-for by taxpayers) and refined it with modern tech (Delta Clipper technology, for example, dates to over 25 years ago).
Musk’s “success” is complicated by the fact that Musk never designed a reusable rocket: He simply modified his disposable Falcon 9, contrasted to the “accomplishments” of Bezos’ Blue Origin.
The irony being that the budgetary cutbacks which prompted a NASA decision to cancel Delta Clipper (among other factors) are of little risk to Musk’s SpaceX “public-private partnership” via the U.S. Senate’s Subcommittee on Space, Science, and Competitiveness & the Air Force. Delta Clipper’s next phase certainly included spaceflight; your statement is straw man.
You should get your prescription checked: Those rose-colored glasses are awfully thick and blurry with a generous vision-obscuring coating of bias.
The only thing remotely true about your post is that Tesla will benefit from economy of scale with the Model 3.
“I don’t know how true it is but I read somewhere musk had assembly line robots removed and replaced with human labor.”
You’re correct. Reason being, the car is a kludge. Parts and sub-assemblies have to be hand fitted and jiggered till they fit. Even with this Fit/Form/Finish sucks and would be laughable if that poor quality of product should be put out be any of the majors.
“The only thing remotely true about your post is that Tesla will benefit from economy of scale with the Model 3.”
Ok. Fool.
Well, that’s one way for you to admit defeat.
“To promote the expansion of the railroad, the federal government passed the Pacific Railroad Act (1862) that provided land grants to railroads.
The government gave public lands to railroad companies in exchange for building tracks in specific locations. As railroads expanded into new territory, people believed that settlers would follow. Then the value of land in that area would increase. The land could then be sold and the railroad company would profit. The federal government assumed any money made by the railroad would help finance further expansion of the tracks.
The U.S. government surveyed the public lands and divided them into one-mile square sections. The land grants gave the railroads every other section. The federal government kept the other sections. Those public lands could then be used for homesteading or sold for a profit. Those who supported the land grants believed that everyone would win.
The program of land grants to railroads remained controversial. Since most railroads had monopoly in a specific region, they would eventually make a profit shipping goods to and from communities. Critics of the land grant program felt that the railroads were receiving too much of a subsidy. Between 1850 and 1870, seven percent of the land in the United States was given to 80 railroads. Most of this land was in the west. In Kansas, railroad companies were given one-sixth of the land in our state.”
https://www.kshs.org/kansapedia/railroad-land-grants/16718
Yup. It really was the Wild West, when it came to the railroad robber barons. I studied this decades ago in my California history classes in college. The Big Four ripped off government, homesteaders, shopkeepers - you name it, they got rich off it. They advertised wonderful land in sales pitches to folks back East, enticing them to buy plots of land our West, while ripping them off on shipping goods and transporting the people. When these folks arrived to western destinations such as LA via train they found dusty barren plots nothing like what was described. The robber barons were deep into politics (Stanford was California governor) and continued fleecing people and government. In downtown SF the Big Four family influence is still evident (hotels, mansions, etc.).
This digresses from the discussion about Elon Musk, but this is a discussion about a very influential character living in our time, having his fingers in many pots.
“Well, that’s one way for you to admit defeat.”
What say we check back in a year and see who’s defeated? Btw, you haven’t said if you have any skin in the game concerning your loyalty to Tesla. Appears to me you’re all hat and no cattle.
Yeah, and as I’m sure that you know the Interstate Commerce Commission was a reaction to how railroads were treating the public back when they had monopoly power. The very first regulatory agency, 1887. It didn’t arise out of nowhere.
Standard Oil was another culprit, they actually managed to get a cut out of what their competitors paid the RRs.
The only reason I post anything about Tesla is due to all the poorly informed haters on FR. For most, their sole source of information is their memory of third hand reporting based on the hit piece the liberal LATimes did on Musk in 2015.
Just to note, since this thread is supposed to be about Musk instead of Tesla, SpaceX launched and landed another rocket this morning. Few care except when something goes wrong. They’ll be launching another in three days.
Like I said, let’s take score in a year. Btw, just got a flash bulletin from the WSJ about Telsa and cash flow problems. Suggest you read it. Oh, you aren’t a subscriber are you? So sorry. All hat and no cattle, lol....
Quite a bit of the blame he gets is well deserved.
His management is crap. He has driven off mid and upper level management, he lies constantly about production.
While there is some cool tech in the cars, expensive handmade parts made of expensive composite materials that don’t fit the car properly are not cool. Finish quality is lacking for a car in the price range. Waiting weeks and months for parts is common.
There are a lot of unhappy Tesla owners that you aren’t hearing about. They aren’t getting air time. Not PC.
Yes, the Volt is a disaster, to put it kindly. But Tesla is burning 5 billion a year of handouts and incentives paid for with money confiscated from us. Musk is a snake oil salesman who runs Ponzi schemes and can’t run a business for profit. Taking “deposits” and using that money to run day to day operations (along with free government money) is fraud. Every Tesla investor who is going to get burned deserves it.
“Taking “deposits” and using that money to run day to day operations (along with free government money) is fraud.”
My brother had a friend that would find cool cars at auction, tell his friends and whoever about them.
“So I can get the Lotus for $15,000, but it needs X,Y,Z and that will take me $10,000 to take care of that.”
Of course the $20k up front soon started going towards over-runs on previous cars that he had to bid at $2k more, and put in $3k more for repairs.
He ended up in prison for a little bit, and then a lot of work-release type stuff. I can’t recall if my brother got any of his money back. I know he didn’t get the car. And lost a friend.
At least the part of the article I can read seems contradictory. One part says the money is needed to show a profit. Another says the money is needed to sustain operations.
Anyway, if you were confident in your position, you wouldn’t be taking personal shots at me.
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