Is Tesla On The Verge of Bankruptcy?
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Is Tesla On The Verge of Bankruptcy?

By anonymous following x   2017 Nov 20, 6:30pm 654 views   10 comments   watch   quote     share    


https://market-ticker.org/akcs-www?post=232594

If you want one of their alleged "Super-Roadsters" you need to ante up $5,000 now plus $245,000 more within 10 days by wire transfer.

Note that the car will not be "ready" and "deliverable" for three years according to Master Touter Musk.

What happens if "three years" turns into "never"?

You flushed $250,000 down the toilet.

May I remind you that Tesla is a money-losing enterprise and has been since it was founded. It has never made a profit, it has zero in retained earnings and you will be an unsecured, back-of-the-line creditor with your "reservation" -- which they will spend the minute it comes in the door.

If the "Reservation" was a modest amount of money this might be defensible. $5,000 as a punt on a "supercar"? Sure, why not.

When it's a quarter of a million bucks it not only is indefensible in my opinion the solicitation of same borders on criminal fraud since the company has absolutely no reasonable reason to believe it will be able to ever deliver said car.

Let me remind you that their "example" shown was damn fast and impressive.

It also almost-assuredly had nearly zero range, was "damn fast" because it intentionally had nearly no battery in it and thus might have had a range of a few miles in its "present" configuration which was simply "stick big electric amp-sucker on each wheel and it breaks the 3-second barrier, damn actual ability to use said vehicle for more than a stunt showing to Hell."

You cannot get around physics folks. Tesla is betting you will fork up a quarter million dollars for something they cannot deliver now, might never be able to deliver as I suspect the technology necessary in the battery department to do it within the weight and power budget does not currently exist in a form that can be manufactured and further, the company may not exist in three years as it only does so today due to being able to continually go back to the well of Wall Street and either issue more stock or debt to fund the charismatic preaching of Elon Musk which thus far has translated into losing money on each vehicle made.

One "market disruption" that occurs at the wrong time and Tesla is literally out of money and out of business.

If that happens, which I believe is quite likely, your $250 large is going to go "poof" like a fart in a church.

Oh, may I remind you that EV subsidies, which have enabled Tesla to run a "tax farm", are going away -- and may well precipitate that "market disruption"?

Musk ought to be in prison for running this crap.

#investing
1   anon_d06f9   ignore (1)   2017 Nov 20, 7:23pm   ↑ like (2)   ↓ dislike (0)     quote      

Market ticker ... LOL. I almost forgot about this dipshit permadoomer. Remember how violently he asserted that march 09 was NOT the bottom of the market? Hey how did that investment in Blackberry work out?
2   Sniper   ignore (8)   2017 Nov 20, 7:34pm   ↑ like (3)   ↓ dislike (0)     quote      

Like this?

3   mell   ignore (1)   2017 Nov 20, 7:37pm   ↑ like (0)   ↓ dislike (0)     quote      

I think he was pumping bbry mostly in the single digits though, and it made a 52 week high today to be fair. Not everybody bets on purely momo driven, fundament-less stocks like tsla ;)
4   TwoScoopsMcGee   ignore (1)   2017 Nov 20, 7:43pm   ↑ like (2)   ↓ dislike (0)     quote      

Holy shit, the 500 miles only comes with the 600kw battery that has yet to be installed in a car. The 80kw weighs a ton.

Thanks for the link, things to chew on.
5   mell   ignore (1)   2017 Nov 20, 7:47pm   ↑ like (0)   ↓ dislike (0)     quote      

TwoScoopsMcGee says
Holy shit, the 500 miles only comes with the 600kw battery that has yet to be installed in a car. The 80kw weighs a ton.

Thanks for the link, things to chew on.


Not a big expert in the battery field, but it does sounds like they still need to prove this with a fully charged battery and no hick-ups. But mainly the 250K pay-ahead is certainly out of the fraudulent investments American Greed handbook ;)
6   Strategist   ignore (0)   2017 Nov 20, 7:50pm   ↑ like (0)   ↓ dislike (0)     quote      

Tesla will survive, and even flourish. There are enough investors willing to pour money into it. Even if Tesla was not to survive, the concept of the electric car is now reality, and there is no stopping it. The gasoline engine cannot survive.
The common perception is that electric cars are too expensive, when in reality they are the most economical once you account for fuel costs and maintenance.
Check this out. (remember, the state rebates that you will get separately are just an added bonus)

http://ev-vin.blogspot.com
7   anon_d06f9   ignore (1)   2017 Nov 20, 8:46pm   ↑ like (0)   ↓ dislike (0)     quote      

mell says
I think he was pumping bbry mostly in the single digits though, and it made a 52 week high today to be fair. Not everybody bets on purely momo driven, fundament-less stocks like tsla ;)


Nope. Hes been pumping Bbry since at least March 2013, when it was 25% higher than it is now. Aside from his call that March 2009 is not the bottom of the market, following his advice on Bbry is easily among the worst moves anyone could do over the last half decade.
8   zzyzzx   ignore (1)   2017 Nov 21, 11:41am   ↑ like (0)   ↓ dislike (0)     quote      

https://www.investopedia.com/news/former-gm-exec-says-tesla-will-go-bust-2019/

Former GM Exec Says Tesla Will Go Bust by 2019

And I'm guessing that a former GM exec would know a lot about this type of thing.
9   zzyzzx   ignore (1)   2017 Nov 21, 11:43am   ↑ like (0)   ↓ dislike (0)     quote      

Obligatory reference to the existing Tesla thread:
https://patrick.net/post/636241/2011-03-02-tesla-tsla
10   FortWayne   ignore (0)   2017 Nov 21, 11:54am   ↑ like (0)   ↓ dislike (0)     quote      

How many years does battery and engine last?

I hear it needs replacing every 5 years, but don't know if it's true, or made up.

Strategist says
Tesla will survive, and even flourish. There are enough investors willing to pour money into it. Even if Tesla was not to survive, the concept of the electric car is now reality, and there is no stopping it. The gasoline engine cannot survive.
The common perception is that electric cars are too expensive, when in reality they are the most economical once you account for fuel costs and maintenance.
Check this out. (remember, the state rebates that you will get separately are just an added bonus)

http://ev-vin.blogspot.com

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