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Ponzi Sche.. Err Tesla, Coming Undone


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2018 Aug 17, 11:23am   23,229 views  211 comments

by fdhfoiehfeoi   ➕follow (0)   💰tip   ignore  

You may think I'm exaggerating, but what else do you call a company that is largely supported by government programs, and requires you to pay up front for a car you may never get?

https://www.cnbc.com/2018/08/17/tesla-tumbles-3point5-percent-ahead-of-elon-musks-reported-meeting-with-sec.html

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21   MrMagic   2018 Aug 17, 12:40pm  

Evan F. says
Pretty much everyone who buys a Model S is someone who acknowledges that climate change is real, and they're willing to pay a premium to do something about it, in addition to feeling smug about it.


They must not be very smart along with being smug. I wonder if they have any idea how electricity is made. No, it does not just come out of the wall outlet like magic. Show's they don't know much about climate change either.
22   MrMagic   2018 Aug 17, 12:42pm  

Strategist says
We got our money's worth, plus a lot more.


Exactly... you can thank the rest of the taxpayers in the country for that.
23   Evan F.   2018 Aug 17, 12:42pm  

Strategist says

We got our money's worth, plus a lot more. Musk deserves another $10 billion in subsidies.


I don't think anyone 'deserves' subsidies. In the case of green/sustainable energy, I think it's been acceptable to help that industry out too level the playing field, but we're reaching an inflection point where solar cells, electric cars, and other green tech are approaching cost party with their non-green counterparts. When that day actually comes the subsidies need to go away and the market should be allowed too decide.

Same goes for oil companies etc. who receive the equivalent of government subsidies in the form of tax breaks. It's all bullshit corporate welfare. Lightly regulated markets are the best way of deciding what's best..
24   MrMagic   2018 Aug 17, 12:46pm  

MrBark says
There is little BS happening at Tesla.


Evan F. says
Musk's fans, I would venture, are definitely liberal leaning.


Strategist says
What do you call a company whose innovations will make the cost of energy almost zero, clean up pollution, and put the Saudis in BK?
Answer: Tesla.


25   Shaman   2018 Aug 17, 12:50pm  

Evan F. says
Musk's fans, I would venture, are definitely liberal leaning.


Liberal doesn’t mean Left. Lots of Leftists are conservatives who don’t like Musk because he’s not. I’ll agree with your statement tho. I break from the right wing conservative crowd here on Patnet over Tesla and Musk. I think what he’s doing is great! He’s taking risks and taking tech further than our government has been able to do. Yes, he’s taken subsidies and government contracts. But he’s delivered on those contracts! We as taxpayers are getting more for our money funding companies like SpaceX than funding NASA.
26   MrBark   2018 Aug 17, 1:09pm  

Majority of the Tesla owners I know are conservatives. The know a good value when they see it. They also have solar on their homes, imagine that.
27   FortWayne   2018 Aug 17, 1:13pm  

Electricity became cheap.
Water is expensive now, government always finds a way to get those savings from us.

MrBark says
Majority of the Tesla owners I know are conservatives. The know a good value when they see it. They also have solar on their homes, imagine that.
28   Strategist   2018 Aug 17, 1:14pm  

Evan F. says
Strategist says

We got our money's worth, plus a lot more. Musk deserves another $10 billion in subsidies.


I don't think anyone 'deserves' subsidies. In the case of green/sustainable energy, I think it's been acceptable to help that industry out too level the playing field, but we're reaching an inflection point where solar cells, electric cars, and other green tech are approaching cost party with their non-green counterparts. When that day actually comes the subsidies need to go away and the market should be allowed too decide.

Same goes for oil companies etc. who receive the equivalent of government subsidies in the form of tax breaks. It's all bullshit corporate welfare. Lightly regulated markets are the best way of deciding what's best..


Oil companies have been receiving subsidies for ever. What a waste.
29   Strategist   2018 Aug 17, 1:15pm  

MrMagic says
Strategist says
We got our money's worth, plus a lot more.


Exactly... you can thank the rest of the taxpayers in the country for that.


Thank you taxpayers. Thank you.
30   FortWayne   2018 Aug 17, 1:18pm  

You are welcome

Strategist says
MrMagic says
Strategist says
We got our money's worth, plus a lot more.


Exactly... you can thank the rest of the taxpayers in the country for that.


Thank you taxpayers. Thank you.
31   MrBark   2018 Aug 17, 1:24pm  

I've been tooling around for the past few years in an EV that has only 80 miles of range. I have over 50,000 miles on the clock. It costs me less than $30 a month to drive ~1,000 miles. I've never been inconvenienced, in fact the opposite... I've never had to visit the dealership once -- no dealing with rentals/loaners, no constant internal combustion engine component issues/service schedule. Only maintenance I've done is a few sets of tires and replace the windshield washer fluid. And it's fast too.

I recently got an Audi S8 as a second car, I drive that for 2 or 3 days and it's $75. I'm never going back to daily driving a gas car.
32   MrMagic   2018 Aug 17, 2:30pm  

MrBark says
I've been tooling around for the past few years in an EV that has only 80 miles of range. I have over 50,000 miles on the clock. It costs me less than $30 a month to drive ~1,000 miles. I've never been inconvenienced, in fact the opposite... I've never had to visit the dealership once -- no dealing with rentals/loaners, no constant internal combustion engine component issues/service schedule. Only maintenance I've done is a few sets of tires and replace the windshield washer fluid. And it's fast too.


So what.

I have an internal combustion engine (Honda) and I've driven 55,000 miles without a single service issue and still on the original tires. I get 350+ miles of range easily, Your point? And I bet it's a lot faster than your electric push toy and can certainly carry a hell of a lot more.

Plus, your $30/month number is a subsidized number. Where's the electric coming from and who paid for the infrastructure to make it, produce it and deliver it?
33   RWSGFY   2018 Aug 17, 2:35pm  

MrMagic says
Plus, your $30/month number is a subsidized number. Where's the electric coming from and who paid for the infrastructure to make it, produce it and deliver it?


How is his electricity is more "subsidized"
than yours? Payments for generation and delivery are all rolled into the kWh rates we pay. Only low-income people have these subsidized. I doubt any of us quailify as such.
34   MrMagic   2018 Aug 17, 2:45pm  

DASKAA says
How is his electricity is more "subsidized"
than yours?


Because it was all built out to provide power to your house, long before these electric cars came along.

EV are just piggy backing on to an existing service being paid primarily by homeowners and businesses to keep the lights on.

What if special charging businesses had to be built, just like a gas station, to "fuel" EVs. Then the power had to be trucked in to stock it. What would the cost be then?

This is just another Fanboy apples and oranges comparison.
35   RWSGFY   2018 Aug 17, 2:55pm  

MrMagic says
DASKAA says
How is his electricity is more "subsidized"
than yours?


Because it was all built out to provide power to your house, long before these electric cars came along.

EV are just piggy backing on to an existing service being paid primarily by homeowners and businesses to keep the lights on.


So if I put in a pool which uses 2.5kW pump or add an AC (~7kW) to the house which didn't have it initially I will also be "piggy backing" and "receiving subsidies", even though I will pay my (significantly increased) electricity bill every month? Interesting.
36   MrBark   2018 Aug 17, 2:57pm  

MrMagic says
MrBark says
I've been tooling around for the past few years in an EV that has only 80 miles of range. I have over 50,000 miles on the clock. It costs me less than $30 a month to drive ~1,000 miles. I've never been inconvenienced, in fact the opposite... I've never had to visit the dealership once -- no dealing with rentals/loaners, no constant internal combustion engine component issues/service schedule. Only maintenance I've done is a few sets of tires and replace the windshield washer fluid. And it's fast too.


So what.

I have an internal combustion engine (Honda) and I've driven 55,000 miles without a single service issue and still on the original tires. I get 350+ miles of range easily, Your point? And I bet it's a lot faster than your electric push toy and can certainly carry a hell of a lot more.

Plus, your $30/month number is a subsidized number. Where's the electric coming f...


Ha, your Honda is not maintenance-free. How many oil changes have you done and how much time have you spent out of your life doing so? How much time have you spent filling up gas? Brake pads? Fluid changes? Alternators, spark plugs, coil packs, smog checks, etc, etc -- it's all time out of your day and money to keep that engine ticking like a well-oiled machine. 350-miles of range is only relevant when you can't do math to figure out you don't drive your car 350-miles per day. Do you have a gas powered cell phone or do you conveniently plug it in every night and it's good for a whole day of use tomorrow? That's my car.

Push toy lol, you haven't driven an electric car have you? They're torque monsters. My car is faster than a Volkswagen GTI to 40 and will burn out for a good 10 feet off the line without effort. It will beat a Civic to 60 and carry as much cargo as a BMW X3. It's also got all the luxury features you could ask for.

If my electricity is subsidized, so is your gas. Living on the beach, I don't run AC and I have solar. Why the hell would power have to be trucked in? We have an existing infrastructure, it's shipped directly to my house from the sun, right out of thin air. Fanboy, lol yeah right. I'm a car guy through and through.
37   Strategist   2018 Aug 17, 2:57pm  

MrBark says
I've been tooling around for the past few years in an EV that has only 80 miles of range. I have over 50,000 miles on the clock. It costs me less than $30 a month to drive ~1,000 miles. I've never been inconvenienced, in fact the opposite... I've never had to visit the dealership once -- no dealing with rentals/loaners, no constant internal combustion engine component issues/service schedule. Only maintenance I've done is a few sets of tires and replace the windshield washer fluid. And it's fast too.

I recently got an Audi S8 as a second car, I drive that for 2 or 3 days and it's $75. I'm never going back to daily driving a gas car.


Don't you care for the oil companies? The Saudis? After all they they done for you all these years, you are gonna dump them? You are so ungrateful.
38   MrMagic   2018 Aug 17, 3:02pm  

DASKAA says
So if I put in a pool which uses 2.5kW pump or add an AC (~7kW) to the house which didn't have it initially I will also be "piggy backing"


Does you house already have power lines running to it, an electric meter and a circuit breaker panel? Or will you be installing that all new to power those items?
39   Strategist   2018 Aug 17, 3:05pm  

MrMagic says
And I bet it's a lot faster than your electric push toy and can certainly carry a hell of a lot more.

I doubt it. Electric cars have instant torque.

MrMagic says
Plus, your $30/month number is a subsidized number.

Thank you for your contribution. It's appreciated.

MrMagic says
Where's the electric coming from and who paid for the infrastructure to make it, produce it and deliver it?

28% came from coal and falling. We all paid for the infrastructure. Utilities love electric cars, as it's a new source of revenues for them, especially since most charging is done at night when there is no demand for electricity.
40   Strategist   2018 Aug 17, 3:07pm  

DASKAA says
MrMagic says
Plus, your $30/month number is a subsidized number. Where's the electric coming from and who paid for the infrastructure to make it, produce it and deliver it?


How is his electricity is more "subsidized"
than yours? Payments for generation and delivery are all rolled into the kWh rates we pay. Only low-income people have these subsidized. I doubt any of us quailify as such.


Utilities provide cheap electricity at night when their plants are idle. Utilities love it.
41   MrBark   2018 Aug 17, 3:11pm  

MrMagic says
DASKAA says
So if I put in a pool which uses 2.5kW pump or add an AC (~7kW) to the house which didn't have it initially I will also be "piggy backing"


Does you house already have power lines running to it, an electric meter and a circuit breaker panel? Or will you be installing that all new to power those items?


You mean people consume more power at home than they did in 1960? I'm fucking shocked! Just routers and cable boxes use a ton of power. Of course new appliances use a fraction of what they did back then. What happens if you add central air, an electric dryer or an air compressor in your garage? Where do you draw the line of what I can power in my own home? My car uses an much kWh as central air running for 3 hours and automatically changes off peak for maximum energy savings.
42   MrMagic   2018 Aug 17, 3:11pm  

MrBark says
How much time have you spent filling up gas?


Let's see, spending 5 minutes to fill up to go 350 miles versus plugging in for HOURS to drive 80 miles... Hmmmm, let me get my calculator.

MrBark says
Brake pads? Fluid changes? Alternators, spark plugs, coil packs, smog checks, etc, etc -- it's all time out of your day and money to keep that engine ticking like a well-oiled machine.


Let's see what I posted above, it appears reading comprehension is lacking here today:

MrMagic says
I've driven 55,000 miles without a single service issue and still on the original tires.


That means Zero dollars and Zero time.

MrBark says
350-miles of range is only relevant when you can't do math to figure out you don't drive your car 350-miles per day.


But I drive many days way over 80 miles, so what do I do. Pull over to the side of the road, set up my solar panels, plug in my truck, and take a nap for a few hours while it recharges? Yep, great time saver there!!

MrBark says
and I have solar.


That must work awesome to charge your toy electric car overnight... oh, wait... it won't...

MrBark says
Why the hell would power have to be trucked in?


Duh, just like said, if a separate power filling station had to be built to "fuel" your car, how would the power get their, similar to a gas station?

MrBark says
We have an existing infrastructure,


Exactly, that's what I said, you have EXISTING infrastructure that your tapping into. Thanks for making my point.
43   MrMagic   2018 Aug 17, 3:15pm  

Strategist says
since most charging is done at night when there is no demand for electricity.


No demand for electricity at night?? Really?

No one has a fridge, turns their lights on, runs their A/C, cooks dinner, washes clothes, heats their water, watches TV etc. at night? California is completely dark at night, except for electric cars being charged?

Wow, I never knew that.
44   Strategist   2018 Aug 17, 3:16pm  

MrMagic says
Strategist says
since most charging is done at night when there is no demand for electricity.


No demand for electricity at night?? Really?

No one has a fridge, turns their lights on, runs their A/C, cooks dinner, washes clothes, heats their water, watches TV etc. at night? California is completely dark at night, except for electric cars being charged?

Wow, I never knew that.


I lied. Very little demand for electricity.
45   MrBark   2018 Aug 17, 3:23pm  

I plug in my car at night, just like my cell phone. Do you use a gas powered cell phone? Must be a bitch once you have to charge it! The horror! I spend zero time waiting for the car to charge, zero time at a gas pump...

You're in for a world of hurt... So you literally haven't changed your oil in 55,000 miles? Or done any other recommended maintenance? Why don't you take care of your possessions?

Look up the figures for how much the average American drives per day, sorry your edge case for range is just that... an edge case...

No idea why you keep bringing up the fact that you need to build a fueling station to charge car...

Obviously my car changes at night, solar saves me a ton of money overall, sorry you don't see the value prop of solar...
46   MrBark   2018 Aug 17, 3:25pm  

MrMagic says
Strategist says
since most charging is done at night when there is no demand for electricity.


No demand for electricity at night?? Really?

No one has a fridge, turns their lights on, runs their A/C, cooks dinner, washes clothes, heats their water, watches TV etc. at night? California is completely dark at night, except for electric cars being charged?

Wow, I never knew that.


Nobody heats their water or drys their clothes with electricity in California, unless you live in the sticks. Who's doing all that shit past midnight anyway?
47   MrMagic   2018 Aug 17, 3:34pm  

MrBark says
I plug in my car at night


What about if you drive more than 80 miles during the day. Plus, you have to go through 4 - 5 charging cycles to equal my range, where it takes me 5 minutes to fill up. How many hours does it take for 5 charging cycles?

MrBark says
Who's doing all that shit past midnight anyway?


Wow, it doesn't get dark until midnight in California... amazing..

The things I learn here at Patnet.

MrBark says
Nobody heats their water or drys their clothes with electricity in California, unless you live in the sticks.


Apparently no one has heat pumps either, right?

MrBark says
No idea why you keep bringing up the fact that you need to build a fueling station to charge car...


I know, that concept goes completely over your head, as it relates to using EXISTING infrastructure versus having to build NEW to recharge.
48   MisdemeanorRebel   2018 Aug 17, 3:38pm  

socal2 says
The dude is eccentric and pops off on Twitter. But what Musk has already achieved with SpaceX is astronomical. In about a decade, he has achieved more than NASA, China and Russia in terms of getting costs down for flights to low earth orbit.

Many of the Musk haters are SJW Libs who are pissed that he doesn't tow the line like the rest of the Tech Biz Libs.


Exactly. I'm very skeptical of Tesla but SpaceX has made unbelievable strides.
49   MrBark   2018 Aug 17, 3:41pm  

Again, why would u build new infrastructure? Do we need to build new infrastructure for adding central air too since that's using the same load as the car? Conveniently ignored the other points like you not changing your oil or other scheduled maintenance for 55k miles, that's cool bro. Keep your horse and buggy, shit's working a-okay for you. I'll just keep on keeping on, living in the future.
50   Strategist   2018 Aug 17, 3:48pm  

No one is bringing up the cost per mile for fuel.
Around 3 cents per mile average for electric cars. 15 cents for gasoline cars. Highway and city combined.
The savings on fuel and maintenance are extraordinary.
51   Strategist   2018 Aug 17, 3:51pm  

MrMagic says
MrBark says
I plug in my car at night


What about if you drive more than 80 miles during the day. Plus, you have to go through 4 - 5 charging cycles to equal my range, where it takes me 5 minutes to fill up. How many hours does it take for 5 charging cycles?


Most new electric cars are now in the 200 miles + range. They can charge within minutes with DC charging.
52   Tenpoundbass   2018 Aug 17, 3:54pm  

It's funny when Obama was cutting all of the Tech Losers a Check and they were pretending that their capital was all organically raised earnings from investors.
All of these tech companies were boasting how they encourage their employees to take Psychedelics at work. They were higher than a Mother Fucker tripping their balls off having a big ole party on the tax payers dime. As soon as Obama left all of the Tech companies started failing when the Government isn't there to prop them up.


Solar City, the Hyper Tube, the Electric car can't do it without a $8,000 subsidy from me, and what happens when the Batteries stop holding a charge? Those batteries will be $10K a pop. It's amazing how many partisan hacks still believe in Musk and Tesla, they want to believe there is an affordable all electric car, being made in a company that has no production issues, by AI robots from 100 years into the future. The reality wont hit them until they have to plop down 10K for a new battery.

They must be High as Hell too! Look at them! They all high hell, talking about robot factories, hyper tube transportation in a solar city.
www.youtube.com/embed/nRc0yaMW7Mw
53   RWSGFY   2018 Aug 17, 5:11pm  

MrMagic says
DASKAA says
So if I put in a pool which uses 2.5kW pump or add an AC (~7kW) to the house which didn't have it initially I will also be "piggy backing"


Does you house already have power lines running to it, an electric meter and a circuit breaker panel? Or will you be installing that all new to power those items?


If these items are within the capacity of the existing lines/panels, no need to add anything. And, of course, it's been already paid for by the builder. If they need additional capacity I'll be the one paying for it to be installed. In either case I won't get any "subsidy" from anywhere. Same with the EV, which, I believe, requires no more capacity than your average whole-house A/C.
54   FortWayne   2018 Aug 17, 5:24pm  

At the end of the day it’s just a car to get you from A to B. I’m not rich, so cost of ownership is a big deal.

EVs are unknown to me, I can’t fix electric motors. Plus they are twice as expensive. I’m sure they are nice cars, but price is too high.

Also for those who care, in Hong Kong you’ll see those Tesla’s everywhere. Very rich people there, they buy those.
55   RWSGFY   2018 Aug 17, 5:35pm  

FortWayne says
At the end of the day it’s just a car to get you from A to B. I’m not rich, so cost of ownership is a big deal.

EVs are unknown to me, I can’t fix electric motors. Plus they are twice as expensive. I’m sure they are nice cars, but price is too high.

Also for those who care, in Hong Kong you’ll see those Tesla’s everywhere. Very rich people there, they buy those.


It's not the motor which is the expensive part. It's the battery. Motors are no more complex than one in your pool pump. And there is no much "fixing" to be done if it goes kaput: if it suffers bearing failure - the fix is trivial (and much simpler than, say, adjusting valves in your typical ICE or, god forbid, replacing oil rings), but if its the winding that is failed - it's cheaper to just buy a new motor.

BTW, electric motor is older tech than ICE. By at least half a century, IIRC.
56   Patrick   2018 Aug 17, 5:44pm  

I'd bet on electric cars in general.

Electricity will continue to fall in price, but oil will not.
57   Evan F.   2018 Aug 17, 6:02pm  

Tenpoundbass says
what happens when the Batteries stop holding a charge? Those batteries will be $10K a pop. It's amazing how many partisan hacks still believe in Musk and Tesla, they want to believe there is an affordable all electric car, being made in a company that has no production issues, by AI robots from 100 years into the future. The reality wont hit them until they have to plop down 10K for a new battery.


What happens when your transmission breaks, or your engine throws a rod, or your timing chain snaps? All massively expensive repairs for cars that just happen. Focusing on an EV's batteries is just cherry picking.

The fact that Tesla is worth more than GM means it's more than just partisan hacks that believe there's an affordable all electric car. The Chevy Bolt is an actually great EV can you can get now, 235+ mile range for $30-35 Grand. Still to much? You can buy a 3-4 year old Nissan Leaf, Chevy spark or first Fiat 500e for under 10k. Those won't get you past 90 miles per charge but they're incredibly cheap daily commuters that will be vastly more mechanically reliable than their ICE counterparts. And battery packs will continue to get cheaper as volume sales increases.

Your arguments might've held water 5-10 years ago, but now you're just living in the past. EVs will continue to take over market share...
58   MrMagic   2018 Aug 17, 6:34pm  

DASKAA says
It's the battery.


Which no one wants to talk about.

MrBark says
Conveniently ignored the other points like you not changing your oil or other scheduled maintenance for 55k miles,


Since you brought up maintainence, you're doing the same thing with brakes, tires, suspension parts, etc.

But what happens when you need to spend $10K+ to replace that battery pack? All your fuel savings and oil change savings go out the window, and wipe out your checkbook. It becomes a zero sum game.

Evan F. says
The fact that Tesla is worth more than GM means it's more than just partisan hacks that believe there's an affordable all electric car.


Yes, that Model 3 at $60K is so much more affordable than my $30K Honda, because you're saving on fuel costs each week, right?


FortWayne says
Plus they are twice as expensive. I’m sure they are nice cars, but price is too high.


But, but, but you don't have to buy gas, so paying DOUBLE for the car is so much more beneficial, right?

This must be more Liberal Logic.
59   RWSGFY   2018 Aug 17, 7:30pm  

MrMagic says
DASKAA says
It's the battery.


Which no one wants to talk about


Whadayamean? What else is there to talk about on an EV, besides electic motor? The rest of the vehicle is the same as their ICE-powered brethern.
60   EBGuy   2018 Aug 17, 7:32pm  

MrMagic says
Since you brought up maintainence, you're doing the same thing with brakes

Sorry, not brakes.
From Why electric vehicles have lower maintenance costs
Electric vehicles use regenerative braking to decelerate the car and in the process transfer energy to the battery that can be used to accelerate the car. The traditional braking system wastes a lot of kinetic energy that’s transferred to heat and then dissipated into the surrounding environment. Therefore, regenerative braking leads to lower operating costs as battery power is generated while driving.
Regenerative braking has a lower emphasis on the use of the braking pad. You’ll mostly be using it when you need to decelerate rapidly or come to a halt. Consequently, your brake pads will last significantly longer.
You may even find that a one pedal system is implemented such as in the Tesla Model 3 and Nissan LEAF.

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