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Ponzi Sche.. Err Tesla, Coming Undone


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2018 Aug 17, 11:23am   22,184 views  211 comments

by NuttBoxer   ➕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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132   MrMagic   2018 Aug 21, 3:15pm  

WookieMan says
Apple has solid products. This is undeniable.


Yep, that's why everyone needs to pay TWICE the amount for them so they can send email, watch cat video's and post on Patnet.

WookieMan says
Call them fanboys or you can call them people that like good products.


Or. call them fools for paying DOUBLE for the same product made by someone else to do the same thing...hmmm, like a Tesla...

WookieMan says
Yes, of course there will be startup quality issues


Yep, when less than 14% roll off the line with no quality issues (as reported), just a hickup... noting to see here... Please tell me where I can pay DOUBLE for one of these gems.

WookieMan says
EV's make a shitload more sense then gassers. Their time just hasn't come yet.


Hmmmm, then they DON'T make sense yet, NOW...

WookieMan says
Like I said, not a fan of Musk. His ego gets in his own way too much.


Look at that, we agree again... stop the clock....
133   Evan F.   2018 Aug 21, 3:24pm  

MrMagic says
Yep, that's why everyone needs to pay TWICE the amount for them so they can send email, watch cat video's and post on Patnet.

Twice? That's a bit of a stretch. You do pay a premium for Apple products, sure, but not double. Galaxy S9 retails for like $700, iPhone X is $900-1000. And that's just in the handset space. For awhile the iMac 5k represented a BETTER value than any possible PC configuration, simply because it was impossible to get a standalone 5k monitor for less than like $1000.

Again, Apple's pricey. But on balance, not double.
134   MrMagic   2018 Aug 21, 3:28pm  

Evan F. says
Twice? That's a bit of a stretch.


Nope, you're cherry picking, you need to look across the whole product line: phones, iPads, Laptops, iPods, and everything else Apple has made.


Evan F. says
But on balance, not double.


True, sometimes MORE than double.
135   Strategist   2018 Aug 21, 3:29pm  

WookieMan says
MrMagic says
WookieMan says
I have ZERO intention of buying one in the near future. I like my gassers.


Me too.

Look at that, we agree on something, you can now relax.


We agree on more than you think. Don't fool yourself.

And don't worry, I'm 1,000% relaxed. I don't recall what you said you did, but if I bashed your company or product without having used it, you would take offense. This is undeniable. I'm not defending Musk, just the practice of humans trashing shit they've never used or experienced. Don't believe everything you read. I'm sure GM, Ford, Toyota, Nissan, etc are all on board with Tesla doing well. They would NEVER try to trash the competition. They want Tesla to take their market share and would love to write nice articles about them.


It's not just the other car companies caught with their pants down that dislike Tesla. Big Oil hates Tesla even more. How would you feel if someone came along and completely destroyed your $trillions?
Elon Musk is a devil to oil companies, and a God to environmentalists.
136   Strategist   2018 Aug 21, 3:33pm  

Evan F. says
MrMagic says
Yep, that's why everyone needs to pay TWICE the amount for them so they can send email, watch cat video's and post on Patnet.

Twice? That's a bit of a stretch. You do pay a premium for Apple products, sure, but not double. Galaxy S9 retails for like $700, iPhone X is $900-1000. And that's just in the handset space. For awhile the iMac 5k represented a BETTER value than any possible PC configuration, simply because it was impossible to get a standalone 5k monitor for less than like $1000.

Again, Apple's pricey. But on balance, not double.


I would argue Apple works out cheaper even with a higher price tag, because they work better, last longer, look prettier, and upgrades are free.
137   WookieMan   2018 Aug 21, 3:50pm  

Strategist says
I would argue Apple works out cheaper even with a higher price tag, because they work better, last longer, look prettier, and upgrades are free.


This. Lasts longer. And is better.

Your Best Buy basic PC/laptop will be LUCKY to last 2-3 years functioning at "new" level. I've got a 10 year old MacBook that I use for recording drums, which is one of the larger undertakings you can do on a basic laptop. Current configuration is 12 tracks simultaneously. Not a chance in hell a 10 year old PC/laptop could keep up with that. This isn't debatable unless you've got some ridiculous setup (PC) that's never been connected to the internet.

Bottom line, that MacBook 10 years ago was about $1,000. Put in some increased RAM to the tune of $150 about 5 years ago to knock it up to 16gb. Still works as well as the day I took it out of the box. You'd probably end up with 3 Windows laptops over this same period of time, probably costing more than $500 over the single MacBook.

I don't equate this to Tesla at this point though. It's too young. Apple on the other hand, has a proven track record of successful products that work. There's going to be a biggest/wealthiest company in the world. And some people will just never understand why they got there or despise the success for some reason. They'll just trash it having never used a single product. It's like saying sex isn't fun yet you're still a virgin.
138   MisdemeanorRebel   2018 Aug 21, 3:56pm  

Except, like my Macbook, after a few years Apple refuses to support it, there are no updates for critical programs.
139   Evan F.   2018 Aug 21, 4:00pm  

Strategist says
I would argue Apple works out cheaper even with a higher price tag, because they work better, last longer, look prettier, and upgrades are free.

And much, MUCH higher resale on the secondary market. My MBP late 2013 could still fetch like $800. Any PC from 2013 would be a glorified doorstop in terms of resale.
140   WookieMan   2018 Aug 21, 4:04pm  

TwoScoopsOfSpaceForce says
Except, like my Macbook, after a few years Apple refuses to support it, there are no updates for critical programs.


My 10 year old MacBook just got locked out of OS updates. So you're right. But it still functions very well for what I need it to do though. Ain't no PC doing that. I can still run the entire Adobe Creative Suite on it, check email, browse the internet and other basic things. It mainly sits in my basement now for recording, but the thing was used for 6 years as a primary work machine (graphics, marketing, etc) and worked amazingly. And it still works like a champ simultaneously recording 12 drum tracks. That's no small feat on a 10 year old machine.

Prior to my Mac time, it was a PC tower or laptop every 3 years without a doubt. None of that shit would last 3 years and I still don't think it will. Wife's work laptop is already shit after 2-1/2 years.
141   MrBark   2018 Aug 21, 5:11pm  

If any of this quality logic held any water, all of my Audis and BMWs would be the most reliable and well engineered cars on the planet. They're just depreciation pits with over-engineered bullshit that aren't designed to be easily serviceable. Look at the used prices of $80k new BMWs/Audis in 2012 vs $80k new Tesla in 2012.
142   theoakman   2018 Aug 21, 5:35pm  

WookieMan says
My 10 year old MacBook just got locked out of OS updates. So you're right. But it still functions very well for what I need it to do though. Ain't no PC doing that. I can still run the entire Adobe Creative Suite on it, check email, browse the internet and other basic things. It mainly sits in my basement now for recording, but the thing was used for 6 years as a primary work machine (graphics, marketing, etc) and worked amazingly. And it still works like a champ simultaneously recording 12 drum tracks. That's no small feat on a 10 year old machine.

Prior to my Mac time, it was a PC tower or laptop every 3 years without a doubt. None of that shit would last 3 years and I still don't think it will. Wife's work laptop is already shit after 2-1/2 years.


At my graduate school lab, we have a PC that is running Windows 3.1. We have a photodiode detector attached to it. We also have a battery backup power supply attached to it. The computer has been on continuously since 1996 and survived multiple hurricanes in which the power went out. Last time I looked at it (5 years ago), it had a cantilever of dust coming out of the fan. I don't even want to know how much dust is inside the thing. But nevertheless, it has not failed yet.

My old lenovo book still operates just fine and it's been 9 years. That being said, my wife's new lenovo is absolutely awful and is the third one we've purchased after several returns. All have been completely useless and not functioned. My surface is about to go into it's 4th year and has never given me an issue. At some point, the battery is going to go though.
143   WookieMan   2018 Aug 21, 6:46pm  

theoakman says
My old lenovo book still operates just fine and it's been 9 years. That being said, my wife's new lenovo is absolutely awful and is the third one we've purchased after several returns. All have been completely useless and not functioned. My surface is about to go into it's 4th year and has never given me an issue. At some point, the battery is going to go though.


I hear you. Don't mean to sound like I'm bashing PC's (Windows). Never have had good luck myself. The reality is, most computer fuck ups are user related. There are plenty of idiots that can fuck up any computer they get (not saying your wife is the culprit FYI).

I just find that your above average technology person (we're not talking IT bros or whatever) have better luck with Macs, from my observation. I'm a decade deep plus in Mac/Apple, but maybe things have changed on the Microsoft side of the world. I'm open to hearing the good, bad and ugly of any product, assuming it's been used by the person giving the opinion. I'm living flawlessly in my Mac world though. And I'm not just email and internet either like most Americans. I actually do productive shit with my computers. So I need them to work.
144   clambo   2018 Aug 21, 7:19pm  

The funniest stuff is what Azealia Banks says about Musk, she was at his house recently for a "lost weekend" or something.
145   Strategist   2018 Aug 21, 7:32pm  

WookieMan says
Bottom line, that MacBook 10 years ago was about $1,000. Put in some increased RAM to the tune of $150 about 5 years ago to knock it up to 16gb. Still works as well as the day I took it out of the box. You'd probably end up with 3 Windows laptops over this same period of time, probably costing more than $500 over the single MacBook.


Evan F. says

And much, MUCH higher resale on the secondary market. My MBP late 2013 could still fetch like $800. Any PC from 2013 would be a glorified doorstop in terms of resale.


Wow. Thanks for the info guys. I got my MacBook Pro on Jan 2, 2014. I just checked the RAM, and it's only 4Gigs. It works like it always has, and I thought I would only get 5 years out of it. My previous rotten PC's have never lasted more than 2 years.
Bottom line: Quality may have a higher sticker price, but it's a lot cheaper in the long run.
146   Strategist   2018 Aug 21, 7:35pm  

WookieMan says
I just find that your above average technology person (we're not talking IT bros or whatever) have better luck with Macs, from my observation. I'm a decade deep plus in Mac/Apple, but maybe things have changed on the Microsoft side of the world. I'm open to hearing the good, bad and ugly of any product, assuming it's been used by the person giving the opinion. I'm living flawlessly in my Mac world though. And I'm not just email and internet either like most Americans. I actually do productive shit with my computers. So I need them to work.


Just make sure all your important data is backed up. I heard all Hard Drives eventually fail.
147   Strategist   2018 Aug 21, 7:38pm  

TwoScoopsOfSpaceForce says
Except, like my Macbook, after a few years Apple refuses to support it, there are no updates for critical programs.


All companies eventually drop support on their products. That's when you really need a new computer.
148   bob2356   2018 Aug 21, 7:51pm  

Strategist says
TwoScoopsOfSpaceForce says
Except, like my Macbook, after a few years Apple refuses to support it, there are no updates for critical programs.


All companies eventually drop support on their products. That's when you really need a new computer.


or switch to linux.
149   Strategist   2018 Aug 21, 8:23pm  

bob2356 says
or switch to linux.


Do you really need linux today? Might work if you have the right skills, but for most people, just get a Mac. It won't be long before you can just tell Siri to "solve the fucking problem, and don't bother me"
Personal Assistants that can instantly get you any data is the future.....Hey Siri, can you find the receipt for the $5.00 pens I purchased 3 years ago, and send it to the fucking IRS.
150   FortWayne   2018 Aug 21, 9:29pm  

I’ve switched to Mac after windows decided to get all mighty and take away my start button.

I think entire America tried to downgrade back to windows 7 cursing Microsoft.
151   Eman   2018 Aug 22, 8:20am  

@MrBark and @Evan F.,

You guys are being trolled.

@Strategist,

I'm surprised you're still waiting for your Model 3 reservation. Is it because you only want to buy the basic $35k model? I'm the owner of a Model S and used my account to order two Tesla Model 3 for my wife's siblings. Here are the cars line up in the recent visit to my in-law parents. They're amazing cars. Once you've owned and driven one, you don't want to go back and drive a gas car. My biz partner owns a Model X, also a white car. The instant torque is addictive. Everyone is loving their Tesla. Now my wife wants one where I already bought her a new MDX last year. I told her to give me another year. Sigh.....

152   CBOEtrader   2018 Aug 22, 8:29am  

Too much white bro, colored cars matter.
153   MrMagic   2018 Aug 22, 8:32am  

CBOEtrader says
Too much white bro, colored cars matter.


Exactly..

You would think that guy was some sort of a fanboy or something... Can you say "cult"?
154   Strategist   2018 Aug 22, 8:33am  

E-man says
I'm surprised you're still waiting for your Model 3 reservation. Is it because you only want to buy the basic $35k model?

Yes, I don't want to go above $40K. The Model S is unaffordable to me. If the Model 3 was not so economical, I would not have considered buying it.



E-man says
I'm the owner of a Model S and used my account to order two Tesla Model 3 for my wife's siblings. Here are the cars line up in the recent visit to my in-law parents. They're amazing cars. Once you've owned and driven one, you don't want to go back and drive a gas car. My biz partner owns a Model X, also a white car. The instant torque is addictive. Everyone is loving their Tesla. Now my wife wants one where I already bought her a new MDX last year. I told her to give me another year. Sigh.....

The electric cars sure are addictive. Once you go electric, you never go back.
We got back from Yellowstone last week where we rented a mini van from Salt Lake City. We spent $200+ on gas. It felt like a total rip off even though gas was so cheap compared to California.
While on the subject, I would like to take the opportunity to apologize to Yellowstone and Mother Nature for polluting the air. I'm sorry.
155   mell   2018 Aug 22, 10:45am  

Strategist says
bob2356 says
or switch to linux.


Do you really need linux today? Might work if you have the right skills, but for most people, just get a Mac. It won't be long before you can just tell Siri to "solve the fucking problem, and don't bother me"
Personal Assistants that can instantly get you any data is the future.....Hey Siri, can you find the receipt for the $5.00 pens I purchased 3 years ago, and send it to the fucking IRS.


Yes. Linux and a barebones combustion engine with as little electronic gimmicks as possible. Seat warmers for the missus may be and that's it.
156   NuttBoxer   2018 Aug 22, 11:50am  

Strategist says
Do you really need linux today?


I've used Ubuntu to run home media server, backup drive, and bittorrent service for a number of years. Plan to add an email server, but that project will take some time. I've extended the life of a shitty Dell I bought about 4 years back by running a stripped down Linux version, I think XLE.

Linux is for people who like doing things for themselves, and getting the most out of their hardware.
157   EBGuy   2018 Aug 22, 3:08pm  

MrMagic says
For what it's worth, I worked for a start-up car company in the past (remember DeLorean), so I've seen these start-up quality issues before.

Either way, Elon "We're building cars in a giant tent" Musk will most definitely be a Case Study at Harvard Business School some time in the future. But for some perspective, Musk has already accomplished much more than DeLorean, whose DeLorean Motor Co. built only 9,080 cars before collapsing. That's about as many as Tesla sold monthly last year.
158   MrMagic   2018 Aug 22, 3:37pm  

EBGuy says
Musk has already accomplished much more than DeLorean, whose DeLorean Motor Co. built only 9,080 cars before collapsing. That's about as many as Tesla sold monthly last year.


It was quality issues that cause DeLorean to collapse..... Musk is working on the piece too, just give him a little bit more time..... Tick Tock.
159   MisdemeanorRebel   2018 Aug 22, 3:49pm  

Strategist says
All companies eventually drop support on their products. That's when you really need a new computer.


I should say, my employer's MacBook. I would never buy a Crapple voluntarily.

I run Linux Mint on my main desktop. Unfortunately I still need a Win/Mac machine to run the shit I use on a daily basis.

But every year more and more shit is put online, until eventually I won't need to run any work apps on the machine directly.
160   FortWayne   2018 Aug 22, 4:26pm  

What kind of warranty does Tesla offer? Usual 60k 5 years?
161   Strategist   2018 Aug 22, 4:47pm  

NuttBoxer says
Strategist says
Do you really need linux today?


I've used Ubuntu to run home media server, backup drive, and bittorrent service for a number of years. Plan to add an email server, but that project will take some time. I've extended the life of a shitty Dell I bought about 4 years back by running a stripped down Linux version, I think XLE.

Linux if for people who like doing things for themselves, and getting the most out of their hardware.


mell says

Yes. Linux and a barebones combustion engine with as little electronic gimmicks as possible.


So you don't really need it. You just want it. I am someone who got laughed at by my kids because I could not figure out where the "on" switch was on the iPhone.
I want something to work easily, perfectly, every single time. If there is a problem, I want Siri or something to just fix it without bothering me. Is that too much to ask for?
162   RWSGFY   2018 Aug 22, 5:12pm  

FortWayne says
What kind of warranty does Tesla offer? Usual 60k 5 years?


Shockingly, they have this info right on tesla.com:

Model S or Model X is protected by a 4 year or 50,000 miles (80,000 km) (whichever comes first) New Vehicle Limited Warranty and 8 year or unlimited miles Battery and Drive Unit Limited Warranty.


Model 3 is protected by a New Vehicle Limited Warranty for 4 years or 50,000 miles (80,000 km), whichever comes first. The Battery and Drive Unit in your vehicle are covered for a period of:

Vehicles with Standard Range Battery - 8 years or 100,000 miles (160,000 km), whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
Vehicles with Long Range Battery - 8 years or 120,000 miles (192,000 km), whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
163   Eman   2018 Aug 22, 8:54pm  

DASKAA says
FortWayne says
What kind of warranty does Tesla offer? Usual 60k 5 years?


Shockingly, they have this info right on tesla.com:

Model S or Model X is protected by a 4 year or 50,000 miles (80,000 km) (whichever comes first) New Vehicle Limited Warranty and 8 year or unlimited miles Battery and Drive Unit Limited Warranty.


Model 3 is protected by a New Vehicle Limited Warranty for 4 years or 50,000 miles (80,000 km), whichever comes first. The Battery and Drive Unit in your vehicle are covered for a period of:

Vehicles with Standard Range Battery - 8 years or 100,000 miles (160,000 km), whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.
Vehicles with Long Range Battery - 8 years or 120,000 miles (192,000 km), whichever comes first, with minimum 70% retention of Battery capacity over the warranty period.


@FortWayne,

In addition to the above, you can buy extended warranty for another 4 years at the end of the 4th year for $4,400. Basically, $1,100/year. This is for Model S. I don't know about Model 3. Based on other users on the Tesla Forum, they only have to replace tires and windshield wipers during the time of ownership up to 100,000 miles. For used Tesla, try to buy year 2014 and after. If you want to buy a used Tesla with autopilot, you have to buy cars after September 2014.
164   Eman   2018 Aug 22, 8:58pm  

CBOEtrader says
Too much white bro, colored cars matter.


You think that's too much white? If you look closely at my car, it also has white interior. My partner also got white on white. It's freaking white. LOL! I wanted a metallic red, but my wife said no. She said red color is known as pussy getter. Hmm...... I had to settle for a white. Happy wife = Happy life.

Don't ask me why the siblings chose white. I had no say in it.
165   Eman   2018 Aug 22, 8:59pm  

Strategist says
E-man says
I'm surprised you're still waiting for your Model 3 reservation. Is it because you only want to buy the basic $35k model?

Yes, I don't want to go above $40K. The Model S is unaffordable to me. If the Model 3 was not so economical, I would not have considered buying it.



E-man says
I'm the owner of a Model S and used my account to order two Tesla Model 3 for my wife's siblings. Here are the cars line up in the recent visit to my in-law parents. They're amazing cars. Once you've owned and driven one, you don't want to go back and drive a gas car. My biz partner owns a Model X, also a white car. The instant torque is addictive. Everyone is loving their Tesla. Now my wife wants one where I already bought her a new MDX last year. I told her to give me another year. Sigh.....

The electric cars ...


If you don't want to wait, there's always a Bolt... :)
166   Strategist   2018 Aug 22, 9:27pm  

E-man says
If you don't want to wait, there's always a Bolt... :)


A Bolt, Leaf or something is my choice for a second car. But a Tesla is the first choice.
167   MrMagic   2018 Aug 22, 9:36pm  

E-man says
you can buy extended warranty for another 4 years at the end of the 4th year for $4,400.


If it's such an awesome car, why do you need to buy an extended warranty? It shouldn't need any repairs...

Strange??

DASKAA says
Model 3 is protected by a New Vehicle Limited Warranty for 4 years or 50,000 miles


Another strange one, my Honda (at HALF the cost) comes with a 5 year., 60,000 mile warranty on the powertrain, and it's just a Honda, not a wonderful Tesla...

Strange...
168   Eman   2018 Aug 22, 10:27pm  

Strategist says
E-man says
If you don't want to wait, there's always a Bolt... :)


A Bolt, Leaf or something is my choice for a second car. But a Tesla is the first choice.


@Strategist

Great choice. Patience is a virtue. Although Tesla's powertrain and battery are only guaranteed for 8 years or 100,000 miles, the battery is still running at 500,000 miles with less than 20% battery degradation when tested. The powertrain is designed to last 1,000,000 miles. Basically, it takes over 80 years to drive 1,000,000 miles for the average American folks. Not sure if you would live that long to see your powertrain lasted 1,000,000 miles.

After $7,500 Fed tax credit, $2,500 CA tax rebate and $500 PG&E rebate, the Model 3 costs less than $50k out the door. It's costing me $15/mo on average for 1,000 miles/mo driving. With the gas saving for a few years, it will pay for the next $10k. Just go for the long range now. No need to wait. Make that jump.
169   WookieMan   2018 Aug 23, 12:08am  

MrMagic says
If it's such an awesome car, why do you need to buy an extended warranty? It shouldn't need any repairs...


What are you even talking about? You get sold extended warranties on any car you purchase. This isn't exclusive to Tesla. Oh, that's right, you buy the perfect car that has zero problems so warranties don't matter to you. Do you read what you type?
170   Y   2018 Aug 23, 6:30am  

On average the extended warranty purchaser never uses the full value of the warranty. If you can afford to pay for the repairs the odds are that you should not buy a warranty if you cannot pay for repairs that you're better off purchasing the warranty
WookieMan says
You get sold extended warranties on any car you purchase.
171   Y   2018 Aug 23, 6:31am  

And use 3rd party shops for all repairs never use the dealer

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