People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.
He's surfing a thin line these days. I'm not fond of the let's bore tunnels before going to mars games. But yeah, overall he bootstrapped many heavy innovations and drive all around, and inspired a lot of people. All that almost in a vacuum, and globally he's a trustworthy producer (he values value, his cars are tank secured for instance, not crass profit)
Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
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Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#72Earlier quoted context omitted.
He's surfing a thin line these days. I'm not fond of the let's bore tunnels before going to mars games. But yeah, overall he bootstrapped many heavy innovations and drive all around, and inspired a lot of people. All that almost in a vacuum, and globally he's a trustworthy producer (he values value, his cars are tank secured for instance, not crass profit)
I'm of the view that boring a tunnel is part of his bootstrap plan for bringing the same tech to Mars. It's likely that we will have to dig living spaces underground on Mars and bootstrapping better digging tech by finding a good use for it here on earth first is a great bootstrapping strategy.
Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#73Earlier quoted context omitted.
> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…
Buy (or short) the rumor, sell (or close) the news. If you look at the past two months it's grown $75 a share, $25 a share in the past 30 days alone. After hours trading is up, but for the grey edge grinders it was time to profit harvest.
Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#74From their letter (link to below if you want to read) > Later this year, we expect to finalize locations for Gigafactories 3, 4 and possibly 5 (Gigafactory 2 is the Tesla solar plant in New York). Should be an exciting conference call. (5:30pm EST) http://files.shareholder.com/downloads/ABEA-4CW8X0/394401180...
Gigafactory 4: Asia
Gigafactory 5: Where? Another one in the US?
Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#75People get upset by the 'superhero' status of Elon Musk. Nerds everywhere worship the guy, buy his cars, watch his SpaceX launches. But honestly, let him have it, I say. He's earning it. He's taking huge risks and succeeding where others weren't willing to try.
He's surfing a thin line these days. I'm not fond of the let's bore tunnels before going to mars games. But yeah, overall he bootstrapped many heavy innovations and drive all around, and inspired a lot of people. All that almost in a vacuum, and globally he's a trustworthy producer (he values value, his cars are tank secured for instance, not crass profit)
What is "tank secured?"
Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#76People who lose money shorting Tesla are losing their shirts for the same reason as those who shorted Amazon: cash flow + growth matters more than profitability, PE ratios, or EPS. Tesla's car business is cash flow positive but the quarterly losses are due to infrastructure investments. This is how finance can be more subtle than meets the eye. Tesla's car business is very profitable: Tesla also reported an automotiv…
> People who lose money shorting Tesla are losing their shirts I don't follow. Tesla is down 1.4%. People who shorted Tesla made money today. Plus a lot of people made money shorting Amazon over Amazon's life. Shorting a stock has less to do with a company's business plan/success and more to do with predicting the market itself and how they'll respond to various quarterly results (and the likelihood of such results).…
Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#77Earlier quoted context omitted.
It's technology. Once it exists, it will continue existing. Every generation must use it wisely and ethically.
Proof increases investor confidence, but that's hardly everything. Tesla contributes somewhat to open source, but ITAR and shrewdness means a ton of their tech is classified. If they folded, a great deal of that would be bureaucratically inaccessible, gone, or irrelevant. If we wanted to go to the moon again, we would basically have to start over from scratch. The Saturn V plans exist but the infrastructure, manufact…
Something often forgotten when companies offshore production.
Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#78Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#79Re: Tesla Says Model 3 on Track as Quarterly Loss Beats Estimates
#80Earlier quoted context omitted.
How were the pyramids built?
It really does not matter as we could build them today with a lot less effort. It would cost something like $5 billion today and would take ~2,000 people ~5 years. Which is relatively speaking a lot less expensive. Put another way, Bill G could build ~17 of them in his lifetime and not be broke.
Awesome! What's at one time only the province of the greatest empire on the planet could become just one of many of a billionaire's projects. Let's scale this out from the present day with something of seemingly unattainable current value: How about The United States of America? Maybe several decades hence, a billionaire will have made himself the equivalent? Colonization of Mars, anyone?