Posted on 05/16/2018 8:21:06 AM PDT by Oldeconomybuyer
NEW YORK - The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc bonds during the first three months of the year, giving the electric carmaker run by Elon Musk a prominent supporter.
Soros Fund Management LLC took a $35 million stake in the convertible bonds of Tesla, which are due in March 2019, according to filings with the U.S. Securities and Exchange Commission.
At the end of March, the Tesla bonds came under severe selling pressure as the luxury automaker faced concerns about its ability to produce its cheaper Model 3 sedan. A crash involving Teslas autopilot technology and concerns about the companys ability to raise new capital also took a toll.
On Monday, Musk told employees the company was undergoing a thorough reorganization.
Convertibles are hybrid securities, either bonds or preferred stock, that can be exchanged for a predetermined number of common shares. That effectively lets an investor participate in stock-price changes, but with the yield and greater security of a fixed-income instrument.
(Excerpt) Read more at reuters.com ...
The results are in. According to a study released by AAA on Tuesday, about one in five Americans say their next vehicle will be electric.In fact Tesla's problem is supply, not demand:That's up from around 15% of customers who expected their next car to be electric just last year. That 33% spike in electric car intent likely has something to do with Tesla Inc.'s (TSLA) Model 3, which is finally hitting the road in meaningful numbers this year.
If just half of the consumers in the AAA poll (10% of those polled) actually followed through with purchasing an electric car in the next five years, U.S. demand for electric vehicles would ostensibly exceed 1.6 million vehicles. That's a 10x increase in electric car sales in the next half-decade, assuming zero total U.S. market growth between now and then.Why Electric Car Sales Could Spike 10 Times Higher in a Few YearsAnd it paints a picture for Tesla remaining supply constrained, even as the Fremont, Calif., factory continues its production ramp up of the Model 3.
Complete nonsense.
Tesla is the number one brand in customer satisfaction:
The following chart shows which brands satisfy drivers after living with their vehicles for three years. Tesla and Porsche hold the top two spots on the list of brands ranked by the average of their models Owner Satisfaction Scores.
Rocket manufacturing firm SpaceX was listed as the No. 1 company in the world where people want to work. The Hawthorne, Calif.-based company ranked above other well-known tech firms such as Google, Netflix and Facebook. The survey of the top 10 most popular tech firms was completed by recruitment website Hired.
Meanwhile, SpaceX is not Musk's only company that made the top tech firm list. His electric car company, Tesla, was ranked No. 4.
Is the Tesla Model S a Good Car?
"Good" really undersells it; the Tesla Model S is an outstanding car. It has better acceleration than almost any car on the road, it's far more nimble than many large cars, and it gets the excellent efficiency you want from an EV. It also has a much longer range than most other electric vehicles.
On top of that, the Model S has a stylish, well-built cabin. Both rows of seats are spacious, as is the cargo hold. Unlike most sedans, the Model S has an available third row. It also offers an impressive array of tech features, including the famous Autopilot system. Should I Buy the Tesla Model S?
The Model S deserves strong consideration from luxury large car shoppers even those who arent EV fans. If you are an EV fan, however, the Model S is about as good as it gets.
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