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.
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.
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.
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?
Con since day one.
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?
0-60 in 1.9 seconds THEY SAY
We are talking about a portion of 1% of vehicle sales. A niche cult that will run into a wall and die like so many auto companies. DeLorean, Tucker, Edsel etc.