SIGforum
Elon Musk Tweets that He Wants to Take Tesla Private

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/2830054544

September 30, 2018, 05:03 PM
matai
Elon Musk Tweets that He Wants to Take Tesla Private
I got a buddy who just left Amazon to go work for Tesla, doesn't seem like a good move now.
October 27, 2018, 08:55 AM
braillediver
Elon likes publicity so have at it.

quote:
Tesla Faces Deepening Criminal Probe Over Whether It Misstated Production Figures

https://www.wsj.com/articles/t...n-figures-1540576636


____________________________________________________

The butcher with the sharpest knife has the warmest heart.
February 25, 2019, 08:40 PM
braillediver
Elon hasn't been in the news lately except for the burning Tesla. Speaking of burning Tesla:

quote:
Elon Musk Faces U.S. Contempt Claim for Violating SEC Accord


https://www.bloomberg.com/news...violating-sec-accord


____________________________________________________

The butcher with the sharpest knife has the warmest heart.
February 26, 2019, 05:32 AM
kramden
quote:
ly

IMO this Obama financed mess of a car company is worth staying away from. Wouldn't invest in or buy a Tesla.
February 26, 2019, 07:12 AM
gearhounds
There was a special on 60 minutes about Chinese electric cars the other day. Chinese companies are looking to build more than 1 million cars this year alone. There were parallels made to the fact that the Chinese government was the main driver behind the incredible expansion.

After all the government money pumped into Tesla, why are they so far behind the curve again? Sales of Tesla cars exceeded 2 billion dollars in China in 2017. They broke ground on a factory in China in January. But it is still rare to see one in the US.



“Remember to get vaccinated or a vaccinated person might get sick from a virus they got vaccinated against because you’re not vaccinated.” - author unknown
February 26, 2019, 07:49 AM
Black92LX
quote:
Originally posted by gearhounds:
There was a special on 60 minutes about Chinese electric cars the other day. Chinese companies are looking to build more than 1 million cars this year alone. There were parallels made to the fact that the Chinese government was the main driver behind the incredible expansion.

After all the government money pumped into Tesla, why are they so far behind the curve again? Sales of Tesla cars exceeded 2 billion dollars in China in 2017. They broke ground on a factory in China in January. But it is still rare to see one in the US.


They are so far behind the curve because no matter how much money the government pumps into them they are still not feasible for most folks driving practices in the US and they are still crazy expensive and not practical over gasoline vehicles.
As to popularity that is kind of relative.
We are over 2 hours from the nearest dealer and I see at least 5 a day. One of our grocery stores even has about 5 Tesla Superchargers in their lot and the Whole Foods have the standard EV chargers.

I am not knocking Tesla and the technology if I had the coin I would have one but strictly for the fun aspect and nothing to do with practicality.


————————————————
The world's not perfect, but it's not that bad.
If we got each other, and that's all we have.
I will be your brother, and I'll hold your hand.
You should know I'll be there for you!
February 26, 2019, 08:30 AM
Perception
quote:
Originally posted by gearhounds:
There was a special on 60 minutes about Chinese electric cars the other day. Chinese companies are looking to build more than 1 million cars this year alone. There were parallels made to the fact that the Chinese government was the main driver behind the incredible expansion.

After all the government money pumped into Tesla, why are they so far behind the curve again? Sales of Tesla cars exceeded 2 billion dollars in China in 2017. They broke ground on a factory in China in January. But it is still rare to see one in the US.


When I can buy a used Tesla for $5,000, I'll buy a Tesla. They don't really have any value for me, and that's my limit for most vehicles. I have to really, really like something to pay more than that for it.



"The people hate the lizards and the lizards rule the people."
"Odd," said Arthur, "I thought you said it was a democracy."
"I did," said Ford, "it is."
"So," said Arthur, hoping he wasn't sounding ridiculously obtuse, "why don't the people get rid of the lizards?"
"It honestly doesn't occur to them. They've all got the vote, so they all pretty much assume that the government they've voted in more or less approximates the government they want."
"You mean they actually vote for the lizards."
"Oh yes," said Ford with a shrug, "of course."
"But," said Arthur, going for the big one again, "why?"
"Because if they didn't vote for a lizard, then the wrong lizard might get in."
February 26, 2019, 08:40 AM
tatortodd
I’m 15 min from two dealers and see several Tesla’s per day.

The big sedan (Model S) is $15k more than a comparably equipped BMW. Same goes for the SUV (Model X).

Never seen their “budget” Model 3 around.


Ego is the anesthesia that deadens the pain of stupidity

DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.
February 26, 2019, 12:06 PM
gearhounds
quote:
They are so far behind the curve because no matter how much money the government pumps into them they are still not feasible for most folks driving practices in the US and they are still crazy expensive and not practical over gasoline vehicles.

My question was completely rhetorical and pointed towards the fact that during the reign of Barry the Red, untold millions of taxpayer monies were pumped into the technology that was in no way ready for use in the US.

And as Perception points out, they are out of range price wise in addition to no “fueling up” infrastructure.



“Remember to get vaccinated or a vaccinated person might get sick from a virus they got vaccinated against because you’re not vaccinated.” - author unknown
April 04, 2019, 11:57 AM
tatortodd
Tesla is back in the news today with this Forbes article: Tesla's Huge Sales Miss Exposes Its Negative Cash Flow

Big takeaways:
  • Tesla's credit default swaps reached 22 cents on the dollar in morning trading, an extremely elevated level
  • Bernstein analyst Toni Sacconaghi is now estimating negative cash flow for Tesla of $1.1 billion in the first quarter, but, even more importantly, negative free cash flow of $200 million in both the second and third quarters
  • Their chief douche, Elon Musk, is due in court today in Manhattan


    • Ego is the anesthesia that deadens the pain of stupidity

    DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.
    April 04, 2019, 12:07 PM
    bigdeal
    quote:
    Originally posted by tatortodd:
    Tesla is back in the news today with this Forbes article: Tesla's Huge Sales Miss Exposes Its Negative Cash Flow

    Big takeaways:
  • Tesla's credit default swaps reached 22 cents on the dollar in morning trading, an extremely elevated level
  • Bernstein analyst Toni Sacconaghi is now estimating negative cash flow for Tesla of $1.1 billion in the first quarter, but, even more importantly, negative free cash flow of $200 million in both the second and third quarters
  • Their chief douche, Elon Musk, is due in court today in Manhattan
    • I've read three stories so far today regarding Tesla's 'issues' and they are a bit more dire than some in the media are letting onto. Apparently sales volumes for their Model S and X vehicles have cratered. The company's cash flow situation prevents them from reacting to market conditions, and Model 3 production is way behind. The best article I read so far was entitled..."What do you call a growth company that isn't growing anymore?". Tesla reports earnings around the end of April, which should also be telling.


    -----------------------------
    Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter
    April 04, 2019, 12:51 PM
    tatortodd
    quote:
    Tesla reports earnings around the end of April, which should also be telling.
    I don't trust Musk, I think it should be audited.


    Ego is the anesthesia that deadens the pain of stupidity

    DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.
    April 04, 2019, 02:21 PM
    esdunbar
    Public companies are required by law to have audited financials.
    April 04, 2019, 03:24 PM
    tatortodd
    I should have been clearer on what I meant by audit. Every one of the Big 4 accounting firms also sell other consulting services to the same companies they audit, and every year there are big headlines of conflicts of interest for the Big 4 audits finding a company is going to fail before it fails.

    I meant an independent audit w/o any conflicts of interest and looking out for shareholders not the BOD and executives.


    Ego is the anesthesia that deadens the pain of stupidity

    DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.
    April 04, 2019, 03:27 PM
    bigdeal
    quote:
    Originally posted by tatortodd:
    quote:
    Tesla reports earnings around the end of April, which should also be telling.
    I don't trust Musk, I think it should be audited.
    Oh there will be some game playing (like in the past) bringing over some of his other companies credits and funding to offset Tesla losses. If you ran financials only on Tesla, without using any of the bene's fro his other companies, Tesla would plummet in value when trading opened the next morning. Tesla is not a healthy company, and no matter how much corporate and investor hype they offer up, it doesn't change reality.


    -----------------------------
    Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter