Tesla Was Cash Flow Positive Last Week, CEO Musk Says
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Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#2While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit.
http://techcrunch.com/2009/06/23/the-government-comes-throug...
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#3While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit. http://techcrunch.com/2009/06/23/the-government-comes-throug...
That's rather disingenuous. Musk is selling an innovative product worth tens of thousands of dollars to individual consumers. Considering the engineering that had to go into making the Model S a reality, I would consider this very impressive. Moreover, there is no reason to think that Tesla will not continue to increase in profitability with each passing week.
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#4While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit. http://techcrunch.com/2009/06/23/the-government-comes-throug...
Nothing stopping you from doing a venture that takes advantage of federal grants and tax incentives.
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#5Great news! Here's hoping they're able to place superchargers across the country within a year as planned.
As much as one part of me wants to see Elon Musk succeed just to prove Romney wrong for calling Tesla a loser, it's more important to see Tesla do well for the benefits we may reap from companies like this trying to make better solutions and provide excellent competition to the status quo. That being said, I'm feeling pumped and want to shout out Sarah Lane's dorky-but-apt response to Romney:
"Romney just called Tesla a loser company? ENGAGE LASERS, SILICON VALLEY!"
https://twitter.com/sarahlane/status/253670586834890752
Be inspired today!
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#6While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit. http://techcrunch.com/2009/06/23/the-government-comes-throug...
Considering what he's up against in the industry, I'd say what he's done is fairly remarkable. My concern would be that if at any point one of the big three see Tesla as a threat they will put efforts into creating an electric car that undercuts Tesla's offerings and catapults Tesla into a high end niche oblivion. That said, if it comes to that, I will see that as a different means to the same end of reducing our gas guzzling obsession in America, and I can only see that as a positive.
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#7While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit. http://techcrunch.com/2009/06/23/the-government-comes-throug...
Considering what he's up against in the industry, I'd say what he's done is fairly remarkable. My concern would be that if at any point one of the big three see Tesla as a threat they will put efforts into creating an electric car that undercuts Tesla's offerings and catapults Tesla into a high end niche oblivion. That said, if it comes to that, I will see that as a different means to the same end of reducing our gas…
I think you would be surprised I think Tesla's strategy has three stages.
1) Niche high cost vehicle sold in low volumes(Roadster)
2) Medium cost luxury vehicle sold in medium volumes(Model S)
3) Low cost high volume vehicle sold in high volumes. (Model ???)
Obviously this is a gross over simplification but I imagine that part of the engineering that is going on at TESLA is figuring out how to build 3 cheaper and at a higher quality then anybody else.
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#8While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit. http://techcrunch.com/2009/06/23/the-government-comes-throug...
Nothing stopping you from doing a venture that takes advantage of federal grants and tax incentives.
$500M taxpayer-backed loans are available to anyone, now?
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#9Tesla was cash flow positive, as of last week, or Tesla was cash flow positive last week?
Edit: It appears the be the latter. Not really impressive, but a good sign.
Re: Tesla Was Cash Flow Positive Last Week, CEO Musk Says
#10While I'm a huge fan of Elon Musk, and I even think Tesla is pretty cool, I'm a little underwhelmed. Every one of my ventures could be cash flow positive if I got a half BILLION dollar loan from the taxpayers and then was able to sell my product with a $8k tax credit stapled to the side of each unit. http://techcrunch.com/2009/06/23/the-government-comes-throug...
That's rather disingenuous. Musk is selling an innovative product worth tens of thousands of dollars to individual consumers. Considering the engineering that had to go into making the Model S a reality, I would consider this very impressive. Moreover, there is no reason to think that Tesla will not continue to increase in profitability with each passing week.
Cash flow positive != profitable