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Tesla Burns Through Record Cash to Bring the Model 3 to Market

bloomberg.com

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Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#91

Post by catawbasam »

mbreese wrote: post #65
toomuchtodo wrote: post #49

Earlier quoted context omitted.

> The automotive industry isn't going to let a company like Tesla bully them around. They already have. Its too late. Who else is going to be producing 500k EVs a year in the next 3-5 years? No one.

To be honest, I'll be surprised if Tesla is producing EVs at that rate too... They have 3 models of cars. I'm not even sure there is a market for 500k/year of those three models. Even expanding that to 4 models (Y) would still leave those numbers hard to hit.

Have you driven a Tesla? If not, then you should. Might change your view.

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#92

Post by whatok »

tpolischuk wrote: post #85
awkwarddaturtle wrote: post #79

Jesus. Look at the top comment and the replies in this thread. I find it hard to believe it is real HN commenters and not a TSLA PR campaign here. "What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great." Seriously? This is being voted up? Also, the top commenter here "simonsarris" is a top commenter in the other TSLA thread. https:/…

The comment you are quoting is a snippet out of context. I'm not sure why you're so upset. 'Whether Tesla survives or not, these billions are some of the best spent money on the planet in the last 50 years. What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. What Tesla has achieved is so important in the long run for the environm…

Putting Tesla anywhere near a list of factors for "ending strategic dependence on oil dictatorships" is pure hyperbole at best.

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#93

Post by awkwarddaturtle »

tpolischuk wrote: post #90
awkwarddaturtle wrote: post #87

Earlier quoted context omitted.

> I'm not sure why you're so upset. I'm not. But it's interesting how I just got swarmed by 3 commenters. > The comment you are quoting is a snippet out of context. The context makes it even worse. "None of us can unlearn what Tesla has taught us. There is no way back now. Tesla has already won.'" I can't believe you think that the "context" makes it any less cultish. The comment is almost messianic.

Is he wrong? Did Tesla not prove to the rest of the auto industry that electric cars are not only viable but also profitable and inevitable? Would we have the Bolt, Spark, Fiat e500, eGolf without Tesla?

> Is he wrong? Did Tesla not prove to the rest of the auto industry that electric cars are not only viable but also profitable and inevitable?

From your "context": "What are the accumulated losses so far? $5-10B?"

$5-10B Losses doesn't translate into "profitable".

> Would we have the Bolt, Spark, Fiat e500, eGolf without Tesla?

Maybe? Electric cars existed before TSLA and electric cars will exist after TSLA.

What is with you? I'm a fan of TSLA. I like electric vehicles. I just don't believe in the cult of it.

Honestly, I don't expect crazy comments like "What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. "

to be upvoted on HN.

Maybe on reddit or some other social media, but I feel there is a higher quality of people here. And when I see something odd, I'll point it out.

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#94

Post by blang »

tpolischuk wrote: post #90
awkwarddaturtle wrote: post #87

Earlier quoted context omitted.

> I'm not sure why you're so upset. I'm not. But it's interesting how I just got swarmed by 3 commenters. > The comment you are quoting is a snippet out of context. The context makes it even worse. "None of us can unlearn what Tesla has taught us. There is no way back now. Tesla has already won.'" I can't believe you think that the "context" makes it any less cultish. The comment is almost messianic.

Is he wrong? Did Tesla not prove to the rest of the auto industry that electric cars are not only viable but also profitable and inevitable? Would we have the Bolt, Spark, Fiat e500, eGolf without Tesla?

Isn't the parent's point that they are not profitable?

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#95

Post by brandonmenc »

simonsarris wrote: post #46
abritinthebay wrote: post #42

Earlier quoted context omitted.

I’m trying to work out if you’re serious or satirizing someone who believes this nonsense. That’s not a failure of imagination - that’s business focus.

I am serious. What good does it do for AAPL's business focus to sit on cash for years? The management paralysis is only made more obvious by the cash hoard. Even their existing products (pro desktop) they let languish. If you don't have the imagination and need a past example, consider the success of AWS. The project was born out of Bezo's edict early on in the creation of Amazon that everything the company does inte…

> What good does it do for AAPL's business focus to sit on cash for years?

To be able to vertically integrate at a moment's notice.

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#96

Post by bmh_ca »

adventured wrote: post #82
bmh_ca wrote: post #60

People often think of the electronic-nature of their cars as Tesla's key advantage. Other elements factor into share/debt cost analysis: 1. Culture — They appear to still have a startup "let's solve the problem" mentality 2. Distribution — There are no networks of dealerships taking a cut 3. Marketing — They don't need to pay for it at all right now 4. Legacy — There are no pension funds and other obligations on them…

> Pensions are underfunded That contrast issue is very weak. GM's pension was underfunded by $7.2 billion at the end of 2016. They had $24.7 billion in cash at that point. It's around 7% underfunded. It's a non-issue, particularly since GM has continued to successfully work at reducing it and has been solidly profitable since the great recession.

You may be right, and GM's revenue remains massive so it's a fraction of revenue.

The only area of concern is the growth presumptions in the pension fund. They are often around 7.5%, whereas real growth was 0.5%, putting a potential damper on the profit line (but I do not know that relative magnitude of that).

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#97

Post by tpolischuk »

whatok wrote: post #92
tpolischuk wrote: post #85

Earlier quoted context omitted.

The comment you are quoting is a snippet out of context. I'm not sure why you're so upset. 'Whether Tesla survives or not, these billions are some of the best spent money on the planet in the last 50 years. What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. What Tesla has achieved is so important in the long run for the environm…

Putting Tesla anywhere near a list of factors for "ending strategic dependence on oil dictatorships" is pure hyperbole at best.

Maybe, but what about what Musk has done as a whole? If he can drive home-battery adoption, solar, and electric vehicles, and create markets where companies like GM, Ford, and the Euro manufacturers have to chase the new market, that has to make a huge impact. Obviously it's not going to completely remove our dependence (mainly plastics and shipping) but it will absolutely hit the bottom line of the most oppressive regimes funded by oil (Saudi Arabia). Also this will help us you know stop destroying entire mountain ranges and the largest CO2 sinks in North America for tar sands mining (Boreal Forest).

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#98

Post by [deleted] »

whatok wrote: post #92
tpolischuk wrote: post #85

Earlier quoted context omitted.

The comment you are quoting is a snippet out of context. I'm not sure why you're so upset. 'Whether Tesla survives or not, these billions are some of the best spent money on the planet in the last 50 years. What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. What Tesla has achieved is so important in the long run for the environm…

Putting Tesla anywhere near a list of factors for "ending strategic dependence on oil dictatorships" is pure hyperbole at best.

[deleted]

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#99

Post by [deleted] »

whatok wrote: post #92
tpolischuk wrote: post #85

Earlier quoted context omitted.

The comment you are quoting is a snippet out of context. I'm not sure why you're so upset. 'Whether Tesla survives or not, these billions are some of the best spent money on the planet in the last 50 years. What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. What Tesla has achieved is so important in the long run for the environm…

Putting Tesla anywhere near a list of factors for "ending strategic dependence on oil dictatorships" is pure hyperbole at best.

[deleted]

Re: Tesla Burns Through Record Cash to Bring the Model 3 to Market

#100

Post by welcomecomrade »

awkwarddaturtle wrote: post #79

Jesus. Look at the top comment and the replies in this thread. I find it hard to believe it is real HN commenters and not a TSLA PR campaign here. "What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great." Seriously? This is being voted up? Also, the top commenter here "simonsarris" is a top commenter in the other TSLA thread. https:/…

You must be new here. Wait until you read the comments on a Hyperloop thread.
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