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Earlier quoted context omitted.
They say that cars will be delivered in 2 to 4 months. Also ordering costs $2500. I thought it is common to pay full amount upfront upon ordering cars, then wait a month or two for actual delivery.
It is, with the proviso that it's rare for Americans to order a car before it's made -- we mostly buy them "off the lot". Tesla is unusual in that regard.
Will my money be safe if they go bankrupt between payment and delivery?
Besides that, are you sure you want a car from a company that goes bankrupt? A car needs maintenance, spare parts, in their case, software updates...
But in this thread I see no complains about why this also not clickbait. How often do we see another companies car launches - electric, ICE or otherwise getting so much attention on HN?
So, for Tesla fans I can only say this - you will live the sword you die by the sword. Tesla gets coverage irrespective of bad, good or neutral. So, next time there is a negative news let's try and have a healthy debate about Tesla issue rather than about "biased media".
I know then tent is getting a lot of criticism from the public but it is a smart move. The tent gives extra space to add more individual steps to the assembly line and humans are best suited for tasks that are rapidly changing. I think someone finally realized that you can have as many steps in the assembly line as you want so long as no single step exceeds your quota divided by the time per day. (i.e. need to make 1…
The way I see it, logistics aside, Tesla has awesome cars that are loved by those that manage to get one delivered, customers are actually lining up to buy them to the extent of paying just to get in line for that years ahead of time, and they are pretty much guaranteed to sell anything they ship for the foreseeable future. Better still most of their would be competitors are either not shipping at all right now, year…
Moody’s downgraded Tesla’s bond rating because Tesla will need to raise more money this year, at least $2B (which is an extremely conservative figure), to avoid Chapter 11 bankruptcy.
Elon Musk also owes >$600M in personal debt that he financed using Tesla stock as collateral. This means that if Tesla stock dips below around $233/share, Musk would face a margin call (sell Tesla stock, driving stock prices lower), or put down more Tesla stock as collateral to fund his debt.
By the way, 90% of the Boring company’s funds come from Elon Musk himself, possibly funded by this personal debt.
Other red flags are that shareholders sued Tesla board members for breaching their fiduciary duties by allowing Tesla to acquire Solar City, assuming an extra ~$3B in debt; and Tesla’s CFO Jason Wheeler left Tesla in 2017 with over half of his stock left to vest.
The reason people are shorting Tesla is that beyond Elon Musk’s cult of personality, the numbers don’t add up. Tesla will need to raise more money this year to survive.
Feel free to fact check all of this.
This is interesting. Lot of people complain when Tesla bad news are reported. The refrain being - this is clickbait and will media make a news out of this if it was another company or ICE car. But in this thread I see no complains about why this also not clickbait. How often do we see another companies car launches - electric, ICE or otherwise getting so much attention on HN? So, for Tesla fans I can only say this -…
The news value comes from the scope of impact and the amount of change from the original state (hundreds of thousands of reservations effectively unable to move forward and commit delivery).
Even if it's just basic reporting, the number of people with personally significant financial positions at stake justifies reporting. $1,000 might be nothing to you or me, but undoubtedly to many reservation holders considering the pricing of the car, $1,000 is a sum they had to actually debate spending, so there's a significant public interest.
This is newsworthy.
And yes, I'm one of the aforementioned complainers (https://news.ycombinator.com/item?id=17409396). I don't own a Tesla nor do I have any interest—or any interest—in the company.
This is interesting. Lot of people complain when Tesla bad news are reported. The refrain being - this is clickbait and will media make a news out of this if it was another company or ICE car. But in this thread I see no complains about why this also not clickbait. How often do we see another companies car launches - electric, ICE or otherwise getting so much attention on HN? So, for Tesla fans I can only say this -…
The way I see it, logistics aside, Tesla has awesome cars that are loved by those that manage to get one delivered, customers are actually lining up to buy them to the extent of paying just to get in line for that years ahead of time, and they are pretty much guaranteed to sell anything they ship for the foreseeable future. Better still most of their would be competitors are either not shipping at all right now, year…
Tesla lost ~$2B last year, owes ~$10B in debt, and owes >$400M in interest payments per year alone. Moody’s downgraded Tesla’s bond rating because Tesla will need to raise more money this year, at least $2B (which is an extremely conservative figure), to avoid Chapter 11 bankruptcy. Elon Musk also owes >$600M in personal debt that he financed using Tesla stock as collateral. This means that if Tesla stock dips below…
Too bad that as an european reader I just get redirected to some oath.com page instead of the article. If you can't show me the page without tracking me, then no thank you.
I use firefox containers, I disabled 3rd party cookies, and all of my cookies are cleared when I exit firefox.
Not sure if doing this really escapes tracking though. I'm still wondering what the firefox tracking protection is really doing.
This is interesting. Lot of people complain when Tesla bad news are reported. The refrain being - this is clickbait and will media make a news out of this if it was another company or ICE car. But in this thread I see no complains about why this also not clickbait. How often do we see another companies car launches - electric, ICE or otherwise getting so much attention on HN? So, for Tesla fans I can only say this -…
But do you see how all of the comments spin this to be bad news? "Tesla needs money, that's why they're opening the floodgates, they're hemorrhaging money!"