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Could Tesla Thrive, Or Even Survive, Without Elon Musk?
Oilprice.com ^ | 08-28-2018 | Jon

Posted on 08/28/2018 3:54:02 PM PDT by bananaman22

While Tesla, Inc., will be staying on the stock market instead of securing private financing, a much larger question has come up: Will the electric carmaker’s future depend entirely on CEO Elon Musk?

An in-depth interview this month with the New York Times, along with sudden moves by Musk like leaking the potential private equity deal August 7 on Twitter, has caused great concerns among Tesla board members. Some of the board would like to explore options such as searching for a No. 2 executive to even out some of Musk’s power — and to take some of the pressure off him.

Musk’s use of the Ambien sedative and recreational drugs has broadened their concerns.

Musk had used the Times interview to stir up interest in a possible private takeover of the company — and to color the subject matter with his sense of humor. He was thinking of offering about a 20 percent price premium over where the stock had been trading, up to about $419 per share. Musk rounded it up to $420, playing off the “420” code known by veteran marijuana users.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Politics; Society
KEYWORDS: blogpimp; cars; elonmusk; gm; tesla
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1 posted on 08/28/2018 3:54:02 PM PDT by bananaman22
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To: bananaman22

I don’t see how they have a future. Cobalt is their Achilles heel and they won’t be able to double their product output for 7-8 years at best.


2 posted on 08/28/2018 4:00:51 PM PDT by ImJustAnotherOkie (All I know is what I read in the papers.)
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To: ImJustAnotherOkie
"Cobalt is their Achilles heel and they won’t be able to double their product output for 7-8 years at best."

Unless the eliminate Cobalt from their battery chemistry, or the 6 to 10 Trillion in rare earth elements that North Korea is sitting on gets a mining operation up asap as we bring them into the family of man and they become a major supplier to Elon...

3 posted on 08/28/2018 4:06:18 PM PDT by taildragger ("Do you hear the people Singing? Singing the Song o and my guess .anyf Angry Men!")
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To: bananaman22

That is like asking if renewable electric generation would exist without Production Tax Credits, No.
Leeches on the backs of Taxpayers.


4 posted on 08/28/2018 4:10:19 PM PDT by hadaclueonce ( This time I am Deplorable)
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To: bananaman22

Over rated PT Barnum. The real question is can Elon Musk survive without taxpayers subsidies? The answer is no. Pull the plug.


5 posted on 08/28/2018 4:10:53 PM PDT by Bommer (Help out 2ndDivisionVet and his wife - https://www.gofundme.com/married-recent-amputees)
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To: bananaman22
I see a lot of Teslas around.

The other day I was dropping my kid off at school, the car in front had wing doors. I saw it was a Tesla. I hadn't know Tesla made a model like that.


6 posted on 08/28/2018 4:13:36 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: bananaman22

The only reason the company survives is that it is used to disseminate propaganda so that NASA does not have to respond to FOIA lawsuits.


7 posted on 08/28/2018 4:22:12 PM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: hadaclueonce; Grampa Dave; Syncro; AuntB; marsh2; Phil V.; Socks C.; Ernest_at_the_Beach; ...

You took the words right outta my keyboard!!!


8 posted on 08/28/2018 4:23:13 PM PDT by SierraWasp (BLM = Black LIEs Matter!!! Used to be known as "Bureau of Land Management")
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To: ifinnegan
I see a lot of Teslas around.

Living in California, you probably see a lot more Teslas than the average Deplorable.

Being a native Californio myself, I know what that's like. I never realized how rare some cars were, until I moved out of the state.

9 posted on 08/28/2018 4:24:44 PM PDT by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: taildragger

That will require a major, major breakthrough and you see stories all the time. 15-20 years maybe.

Personally, I think they will be able to get hydrogen fuel cells sooner.


10 posted on 08/28/2018 4:24:49 PM PDT by ImJustAnotherOkie (All I know is what I read in the papers.)
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To: bananaman22

Tesla, the embattled electric car company headed up by billionaire CEO Elon Musk, is merely a “hope stock,” that is “just not real,” according to The Embark Group Chief Investment Officer Peter Toogood.

In an interview with CNBC’s Squawk Box Europe on Tuesday, Toogood dismissed Tesla’ prospects of revolutionizing the automotive industry, instead, predicting the company will likely go bust akin to its predecessors. “Are we living in the real world?” Tesla is just another one of those hope stocks,” the fund manager scoffed.

...Toogood not only believes Tesla is facing financial ruin, but also takes issue with Musk’s claim that Tesla is on the bleeding edge of the car manufacturing industry. “He’s losing money every time he sells a car today, and he can’t service them,” the investor said. “Ask Norway, they can’t actually get the car serviced because there’s no network to service them. It’s just not real.”

Link: https://www.breitbart.com/tech/2018/08/28/chief-investment-officer-slams-tesla-as-hope-stock-its-just-not-real/


11 posted on 08/28/2018 4:26:40 PM PDT by CharlesMartelsGhost
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To: bananaman22

Tesla would be in bankruptcy court without Musk. Elon Musk became a multi billionaire thanks to his Tesla stock holdings. He no doubt has a private wealth manager. Over the years that manager did his due diligence and diversified his holdings into cash, other equities, bonds and other assets. Tesla has been burning cash, has huge debts, questionable demand for its products and teeters on insolvency. If it seeks bankruptcy protection, stock will go to near 0 within minutes of the filing. What reputable, rational lender answerable to his own board, would lend Tesla more funds? IMHO it is Elon Musk who continues to fund Tesla and prop up the stock with various holding companies he controls. Without him, bankruptcy quickly follows. The only real question is how long will this show continue?


12 posted on 08/28/2018 4:36:00 PM PDT by allendale (.)
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Tesla is not going to survive

Just wait til BMW, Mercedes, Honda + Toyota start cranking out their electric cars = GAME OVER

13 posted on 08/28/2018 4:40:04 PM PDT by KavMan
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To: ImJustAnotherOkie

Could the circus survive without P. T. Barnum?


14 posted on 08/28/2018 4:51:38 PM PDT by MisterArtery
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To: bananaman22

Con since day one.


15 posted on 08/28/2018 4:58:48 PM PDT by northislander
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To: KavMan

Tesla is not going to survive

Just wait til BMW, Mercedes, Honda + Toyota start cranking out their electric cars = GAME OVER


If Tesla’s Achilles heel is a shortage of cobalt in the world, how exactly is the fact that more companies using more cobalt to make more batteries for more electric cars going to kill off Tesla any more than anyone else?

Are they all fighting for a limited supply of cobalt?


16 posted on 08/28/2018 5:25:37 PM PDT by chaosagent (Remember, no matter how you slice it, forbidden fruit still tastes the sweetest!)
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To: bananaman22

No, because nobody else int he world can suck subsidies out of gubmint like Musk.


17 posted on 08/28/2018 5:33:09 PM PDT by jospehm20
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To: bananaman22

Tesla was the “vehicle” of the globalist oligarchs for eliminating private transportation.


18 posted on 08/28/2018 5:34:46 PM PDT by SecondAmendment (This just proves my latest theory ... LIBERALS RUIN EVERYTHING!)
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To: bananaman22

Could Tesla thrive or even survive(ever existed) without massive taxpayer cash infusions?


19 posted on 08/28/2018 6:02:25 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: bananaman22
Future model Y, Tesla...?


20 posted on 08/28/2018 6:09:56 PM PDT by gaijin
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