- Joined
- Jun 14, 2002
- Messages
- 24,037
- Reaction score
- 54
...and yet their predicted future value keeps them strong with major investors
TCK has been banned from this thread, so don't bother replying to him
I did a bit of research into Musk's companies a few days ago, the numbers were so bad that I figured that I had to be misreading something. Tesla has apparently lost 5 billion dollars, and is over 10 billion in debt. The only discernible cash flow seems to come from loans, subsidies, selling emissions credits, recruiting new investors, and pre-sales on cars that he apparently can't deliver.Tesla is falling apart. Burning through money like crazy. This publicity stunt of launching a car into space was meant to distract from that. It didn't work. The company still hasn't made any money and is in debt up to its eyeballs. Way behind schedule on cars. Musk has broken so many promises. Spread himself way too thin. Telsa has major, existential problems. Losing engineers. Bush league engineering in general.
Report: Tesla Model 3 'Bottlenecks' Left Some Portions to Be Assembled by Hand. Despite long touting its commitment to automated production — what CEO Elon Musk has called “the machine that builds the machine” — Tesla Motors might have resorted to less advanced techniques to build its new Model 3 sedan.
FREMONT, Calif.— Tesla Inc. TSLA -8.63% blamed “production bottlenecks” for having made only a fraction of the promised 1,500 Model 3s, the $35,000 sedan designed to propel the luxury electric-car maker into the mainstream.
Unknown to analysts, investors and the hundreds of thousands of customers who signed up to buy it, as recently as early September major portions of the Model 3 were still being banged out by hand, away from the automated production line, according to people familiar with the matter.
etc etc Other car companies are gonna pass them. Everyone from Ferrari to Nissan. They lost out. The company only has popularity and a good stock price because of Musketeer cult. But that has vanished. Stock in toilet. Earnings non existent. Behind schedule. etc. It is not a well run company by any sense of the imagination.
...and yet their predicted future value keeps them strong with major investors
I did a bit of research into Musk's companies a few days ago, the numbers were so bad that I figured that I had to be misreading something. Tesla has apparently lost 5 billion dollars, and is over 10 billion in debt. The only discernible cash flow seems to come from loans, subsidies, selling emissions credits, recruiting new investors, and pre-sales on cars that he apparently can't deliver.
I'm still in disbelief that it could be a PT Barnum situation on a scale this large and am looking for what I'm missing. So far it just seems to be the hope that the company's income will start closing the gap soon.
I also noticed a few months ago that his businesses were frequently the most short-sold on their entire stock exchange. So it does seem like I'm not misreading things.Tesla down BIG again today. Disney up. McDonalds up. Facebook up. Everything is up. Not Tesla. Your only argument is now the stock price which I know a lot more about than you. As does the rest of the objective world. The stock has been downgraded. Fallen flat. Recommended sell. Technicals are garbage. What is your fuckin argument again?
You aren't missing anything. A look at the fundamentals can only draw one conclusion. People see bright lights and are blinded by them. Sucker born every minute. Barnum is an apt comparison. Look at the people I am arguing with. Arguing against facts. lol.
You could claim that. I'm not joking. If I gave you 10 billion dollars in loans and subsidies, and you didn't have to turn a profit from it, you could hire the best people from Google, Apple, etc. at an inflated cost and tell them to work on their craziest idea that Google or Apple won't fund. Then you just put your name on it.he has interjected himself into our lives by doing unconventional things. I think he's at least genius level crazy...
He drives industries he applies his business into forward. How many people can claim that?...
You could claim that. I'm not joking. If I gave you 10 billion dollars in loans and subsidies, and you didn't have to turn a profit from it, you could hire the best people from Google, Apple, etc. at an inflated cost and tell them to work on their craziest idea that Google or Apple won't fund. Then you just put your name on it.
This is actually very close to what Steve Jobs did. Except instead of subsidies, he had Wozniak's Apple II driving the same general model. He eventually lost money and got fired too, then came back later once he became a better businessman.
Agreed with most everything except that Jobs, while much better at running a company than Musk, shouldn't be in the same breath as those other people. If it weren't for his partnership with Wozniak, he wouldn't be famous.Jobs is ten times the businessman Musk is. He got things done. Jobs came back and brought Apple back from the dead to the biggest company in world history.
People were arguing about NASA vs private space exploration. Our tax dollars paid for this fuckin rocket.
https://www.forbes.com/sites/greats...ion-plan-a-signal-to-sell-tesla/#328895fe5ec1
Tesla honcho Elon Musk is not like Steve Jobs, Warren Buffett, Bill Gates, Oprah Winfrey, or even LeBron James, who made their billions through innovation in a free, fair market. Musk has made his wealth from the taxpayer (if not all, at least a lot of). In a particularly glorious, damning bit of investigative reporting, the Los Angeles Times recently determined that Musk’s empire had been built on almost $5 billion in government subsidies.
http://www.weeklystandard.com/elon-musk-wants-to-end-government-subsidies/article/2009014
Agreed with most everything except that Jobs, while much better at running a company than Musk, shouldn't be in the same breath as those other people. If it weren't for his partnership with Wozniak, he wouldn't be famous.
I'm not hyping up Wozniak here though. People hype up Jobs insanely. He's better than Musk, but he shouldn't be in the same breath as Lebron James or someone who didn't need that kind of assistance.And without Jobs to show Wozniak he had something special and shove it down his throat, nobody would have heard of Wozniak either. Jobs busted his ass and had vision. When he left, the company collapsed. When he came back, it came back. I used to hate the guy and think he is an asshole still but he is an irreplaceable CEO. Truly something special. Results speak for themselves.
I was just reading something about Woz, who is a great guy btw, and he was saying how he still gets paid by Apple and always will. Though not as much as he used to. He said the only person he reports to and could fire him is Jobs and he is dead. lol.
A study published two years ago by The Los Angeles Times revealed that just three of Musk’s ventures – SolarCity Corp. (which manufactured and installed solar energy systems before its 2016 merger with Tesla Motors Inc.)...
A perfect vertical landing also...
Tesla down BIG again today. Disney up. McDonalds up. Facebook up. Everything is up. Not Tesla. Your only argument is now the stock price which I know a lot more about than you. As does the rest of the objective world. The stock has been downgraded. Fallen flat. Recommended sell. Technicals are garbage. What is your fuckin argument again?...
...You no longer in Deutschland?
He's like a Steve Jobs. didn't invent the PC, Mp3 player, tablet, laptop, etc. But he made them better and more dynamic.
Elon Musk is similar. He also understands marketing like Jobs did as well.
It takes guts to throw a TESLA roadster into space as a test dummy, for his big "heavy" rocket launch.
Elon doesn't hold a candle to original Tesla, in the genius category. But he's brilliant in marketing and improving products.