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.
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 ...
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.
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...
That is like asking if renewable electric generation would exist without Production Tax Credits, No.
Leeches on the backs of Taxpayers.
Over rated PT Barnum. The real question is can Elon Musk survive without taxpayers subsidies? The answer is no. Pull the plug.
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.
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.
You took the words right outta my keyboard!!!
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.
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.
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.”
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?
Just wait til BMW, Mercedes, Honda + Toyota start cranking out their electric cars = GAME OVER
Could the circus survive without P. T. Barnum?
Con since day one.
Tesla is not going to survive
Just wait til BMW, Mercedes, Honda + Toyota start cranking out their electric cars = GAME OVER
Are they all fighting for a limited supply of cobalt?
No, because nobody else int he world can suck subsidies out of gubmint like Musk.
Tesla was the “vehicle” of the globalist oligarchs for eliminating private transportation.
Could Tesla thrive or even survive(ever existed) without massive taxpayer cash infusions?
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