221–230 of 384 posts
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You think there is a 10% chance that Musk is snake-oil salesman and a sham?
Not to mention his mental state and admitted drug abuse. Cocaine may be a hell of a drug but not sure it really helps in the boardroom.
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The way the tax credit works is that a car company's customers get $7500 US tax credit for the first 200k Tesla type electric cars. Then begins the phase out. First the $7500 tax credit remains for the rest of the quarter when the 200k US sales was hit and the following quarter (so between 3 and 6 months). Then the tax credit goes in half for 2 quarters and then 1/4 the original for another 2 quarters. Seems strange…
> > > They timed production to maximize federal tax credits for US consumers. This is what is confusing me: if the credits are timed to domestic sales (so international sales don’t affect the timing of the tax credit phase out) what does this have to do with production?
> with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk No, they missed the deadline, twice now. Lot of Muskites in these comments, remember, Tesla failed to meet the same deadline in January and pushed it to June. (EDIT: I've been told they missed this 3 times now, the 5K/wk figure was originally Dec '17, then Jan '18 then Jun '18).…
So when musk just tweeted 7000 cars in 7 days, you’re saying you have information proving he’s committing some form of fraud? Could you elaborate? This is going to be a huge story and it looks like you’ll be the one to break it, which is pretty exciting.
> with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk No, they missed the deadline, twice now. Lot of Muskites in these comments, remember, Tesla failed to meet the same deadline in January and pushed it to June. (EDIT: I've been told they missed this 3 times now, the 5K/wk figure was originally Dec '17, then Jan '18 then Jun '18).…
OK, sure, but call it 4850 of 5000 when everyone says there wasn't a prayer of making it is pretty remarkable. Call it 97% of the way. The fact that they built out a tent and hustled 24/7 to hit the goal is impressive to me. Overall it's pretty classic Tesla/Musk. Predict the absolutely impossible, get 97% of the way there, and regardless of how you slice it the only thing that's not impressive is the facxt that they…
But the reality is that they eventually deliver and Musk can keep investors engaged which keeps the company going with more cash. Even reaching 4850 is a big deal.
The real stretch goal is reaching profitability. I hope that happens soon.
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Musk is certainly a self-promoter in the vein of P.T. Barnum. It's gotten to the point of irritation. But you can't deny he's changed the car industry. A company's true function is to benefit society. Tesla has done that, so he gets a win from me. He's done it by taking chances and thinking outside the box. The tent is an example. Most companies would have given up but they did not. 20 years from now Tesla might not…
> A company's true function is to benefit society. Could you elaborate on how did you come to said conclusion?
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Why should Tesla be worth 600B if they produce 2 million cars a year? Toyota makes 10M cars per year and has a market cap of less than 300B. Future growth is already baked into Tesla's current valuation of 60B. They're not making any money today (in fact they're losing billions) but they have a high market cap because they might become profitable years from now. Once (if) they become a mature car manufacturer their v…
Tesla's best case scenario is much more than an automaker. They also have hopes of being an energy company, a battery company, a transportation company, and a logistics company. There is still a lot of debate whether any of those will actually become profitable (and I think 2020 is a very aggressive timeline for any of this to happen), but there are huge potential revenue streams for Tesla that simply don't exist for…
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Tesla is not the only brand that creates electric cars. This is all about Elon making clames he could not make true. The danger for Tesla is that people don't want to wait for broken promises anymore and will choose another brand. Edit: for example the Jaguar I-PACE might be very competitive.
It’s not just being electric. I drove a Prius for several years before getting my Model 3. After now driving the Tesla for a month, I drove the Prius again last week. What an awful car.
But I love the seeing all the hate here, I wonder if people at the turn of the century reacted the same way when their horse drawn carriages were disrupted.
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Imagine that today is July 1, 2020. Looking back I see three scenarios. 1) It's clear now that the company is a sham and Musk is a snake-oil salesman. It's all smoke, mirrors, bubblegum and baling wire. After hitting 5000 cars per week one time, they never reached that level again. The company had to do a punishingly dilutive capital raise just to get 6 months more runway, and the company's market cap is now $6 billi…
Why should Tesla be worth 600B if they produce 2 million cars a year? Toyota makes 10M cars per year and has a market cap of less than 300B. Future growth is already baked into Tesla's current valuation of 60B. They're not making any money today (in fact they're losing billions) but they have a high market cap because they might become profitable years from now. Once (if) they become a mature car manufacturer their v…
I think Tesla won't be just a car company. Eventually, they will be a company with multiple branches in the same idea as Alphabet. But that's way in the future. First, they have to survive to profitability.
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> A company's true function is to benefit society. Could you elaborate on how did you come to said conclusion?
Sure, at its basics, society has needs, known or unknown, good or bad so companies are created to fill the needs. Companies survive if they reach enough people with their solution. Sure there are ways to manipulate needs but at its basics companies are supposed to benefit society by filling those needs. We are fed the idea that companies are created to profit the investors but profits are a side effect of meeting nee…
Profits are also a side effect of meeting needs today. It does not necessarily follow that meeting needs today benefits society in a meaningful way in the longer term.
For what it's worth, I think your implication is true. Clearly most companies create wealth and deliver benefit to society, it's that aggregate effect that makes capitalism the most successful system we know of under which to run a society.
But the reality is that it's entirely the other way around: companies do exist to profit their investors and it's the benefit to society that's the (usual, aggregate) side effect. It's not good, or bad, it's just a fact.