Posted on 04/04/2018 6:46:04 AM PDT by all the best
I don’t think so. My wife had a VW when we met and I was absolutely staggered at not only the poor quality, but the stupid engineering decisions. I had to go on line and spend 15 minutes changing a headlight lamp; they’re at the front of a box you have to take apart, and can only access by opening the hood. If you opened the ash tray (which is in the back seat, because of course it’s the kids that smoke), you disconnect the wiring which runs along it. Good luck finding your flashers in an emergency; they’re on the roof.
Musk is very good with rockets but no so good with cars.
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Tesla ranks number one in customer satisfaction, and they’ve dominated in the first market they entered, large luxury cars.
It’s up to Musk. He’s a great promoter and he’s worth $16 billion. If he wants to save Tesla he can put some of his own money up.
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He’s pretty much done that with both his companies. He doesn’t take a salary, and mostly lives on loans against his stock holdings.
Tesla has just about never made a profit. But that’s because they spend all of their gross revenue on expanding their business. The Tesla S profit margin is 23%, including amortized investment which fantastically inflates the price.
But ultimately, they’re a battery company raising funding (and establishing a market) through the selling of a product which needs their batteries. The actual body of a Roadster wasn’t even made by Tesla.
Article is nasty enough I have to wonder what benefit the author gets from Musk failing - and seems author is scared Musk will succeed.
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As you can see, there are people with Musk Derangement Syndrome who love articles like this.
Which parts of the article are false because it was “published at Loser Rockwell”. Need specifics.
How would the car companies ever meet this standard? Electric cars! You know, the ones that can't cool you when it's hot, nor warm you when it's cold. The ones that start you to have "range anxiety" 15 miles after you leave home. The ones that cause you to be billed $5.00 for the same amount of energy in a gallon of gasoline.
Obama, in all his wisdom, declared that electric cars produce ZERO carbon emissions - ignoring the coal, oil, and natural gas used to make electricity. That meant if you sell one electric car for every 27 mpg SUV that you sell, your CAFE magically becomes 54 mpg. Voila! - you meet the standard.
This put Musk in the driver's seat, as long as he could actually produce some sort of car. Even if it can't cool, heat, steer, or deliver you to your destination without running into a truck, he owned a goldmine - as long as the CAFE stayed at 54 mpg. He could then sell the company to a Ford or a Toyota or a conglomeration of them. They could then price the "Tesla" at a price lo low that there would be enough fools buying them to bring their CAFE to 54 mpg.
The standard is gone, and soon will be Tesla.
“And how much of our tax payer money has he sucked up to have his crappy car company continue?
If he spent his own money I wouldn’t care”
I wouldn’t either. And I don’t blame him for landing govt subsidies, that’s why business people go into a lot of businesses, like Warren Buffet and Wind Farms.
You take what the government gives you and you run with it. If the govt cuts Capital Gain taxes, I will sell some property to achieve gains. The government subsidizes my wife’s health care right now because I can adjust my income as needed in retirement to get that subsidy. So of course I do so, I’m coming out ahead.
If the government wants to meddle in business, people will look to take advantage. It’s a constant contest.
He doesn’t have any money. His wealth is tied directly to Tesla Stock. He can not support a company with stock that he holds in that company.
That is why he is constantly building the ‘next great thing’. It brings in the money from the investors and more importantly the Federal and State government subsidies.
Tesla has just about never made a profit. But that’s because they spend all of their gross revenue on expanding their business. The Tesla S profit margin is 23%, including amortized investment which fantastically inflates the price.
But ultimately, they’re a battery company raising funding (and establishing a market) through the selling of a product which needs their batteries. The actual body of a Roadster wasn’t even made by Tesla.
You suck off the govt year and produce crap
Fine. Sounds like he may need to do more.
I’ve got nothing against him, just noting he has resources for more cash assuming his current problems are only current problems. Musk is doing the same thing Perot has done for decades, avoiding taxes by taking money in a different way.
Perot pays 8% on his income, and his income is hundreds of millions of dollars a year. I think it’s smart.
No, I produce value for people. Affordable housing that doesn’t fall apart.
>> He doesn’t have any money. His wealth is tied directly to Tesla Stock. He can not support a company with stock that he holds in that company. <<
Not true. Elon Musk made hundreds of million of dollars from Paypal, which he turned into billions. And yes, he absolutely could sell his private stock in Tesla to raise capital to fund Tesla. But I don’t see him doing that, since he would essentially be giving his fortune away to stock-holders in Tesla: To the extent that he divests like that, he doesn’t profit from the effect of his divestment. Taken to the extreme, if he sells all of his stock, he has no investment in Tesla, and therefore he has simply lost all of his money.
Supreme Court Justice Learned Hand on taxes:
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes.”
The bigger pitcher is that this is Trump, GOP, Free Republic versus the future and the kooky right wing wants to go back to the 20th Century and snort coal ash.
Or you could make it a case of Texas versus California because it is illegal to sell Tesla in Texas.
Trump and the right will do what they can to undermine Tesla, Amazon, Google, information technology.
As has been already posted, Tesla cars are there to sell batteries, as are the solar panels & home batteries, as are the grid batteries
If I was going to spend that kind of money on a car, I would buy a Benz. The only thing that a Tesla is good for is to impress your liberal friends.
What Musk seems to especially excel at is getting government subsidies. How would his businesses do without those massive subsidies?
It would do the same as Buffet’s wind Farms without tax subsidies, not as well as without subsidy. The same as solar, and there are hundreds of other examples.
It’s the job of politicians to govern, and the job of business to find legal opportunities.
Some states have legalized pot, and business people have taken advantage.
I wasn’t complaining about Musk not paying taxes. Totally bogus straw man
Sucking off the govt teat is just another form of crony capitalism
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