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  #31  
Old 11-19-17, 11:58 AM
cabezadecaballo cabezadecaballo is offline
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Originally Posted by TylerDurden View Post
So your issue should be with the tax code and not Musk.
So you and Ted feel that paying approximately 20% of the purchase price of the cheapest Tesla in the form of a tax credit (the only way his low-end vehicle can achieve a competitive price point in comparison to conventional cars) is a good idea ? You guys are with 'saders here ?
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  #32  
Old 11-19-17, 12:24 PM
TylerDurden TylerDurden is offline
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Originally Posted by cabezadecaballo View Post
So you and Ted feel that paying approximately 20% of the purchase price of the cheapest Tesla in the form of a tax credit (the only way his low-end vehicle can achieve a competitive price point in comparison to conventional cars) is a good idea ? You guys are with 'saders here ?
No, but again, the issue is with the tax code not Musk.
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  #33  
Old 11-19-17, 12:40 PM
Crusaders Crusaders is offline
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Quote:
Originally Posted by cabezadecaballo View Post
So you and Ted feel that paying approximately 20% of the purchase price of the cheapest Tesla in the form of a tax credit (the only way his low-end vehicle can achieve a competitive price point in comparison to conventional cars) is a good idea ? You guys are with 'saders here ?
You do realize the tax credit isn't worked into the advertised price, right? The Model 3 base model is $35k before the tax credit.
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  #34  
Old 11-19-17, 12:52 PM
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Car was designed and priced to be competitive without the incentive, which is only good on the first 200,000 U.S. cars that any manufacturer sells. Also, Tesla sales has been telling potential buyers they expect the credit to run out in 2017.
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  #35  
Old 11-19-17, 12:55 PM
Neopolitan Neopolitan is offline
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Originally Posted by Username1 View Post
Pointing out your hypocrisy. You don't like Musk because he gets subsidies. All auto makers get them one way or another.
this
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  #36  
Old 11-20-17, 05:53 AM
cabezadecaballo cabezadecaballo is offline
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Originally Posted by Crusaders View Post
You do realize the tax credit isn't worked into the advertised price, right? The Model 3 base model is $35k before the tax credit.
Well of course. What difference does that make ? What % of buyers pay the total purchase price at point of sale ?
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  #37  
Old 11-21-17, 04:45 PM
SWMCinci SWMCinci is offline
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Tesla blows through $8,000 a minute amid Model 3 woes

Bloomberg

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Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour), Bloomberg data show. At this pace, the company is on track to exhaust its current cash pile on Monday, Aug. 6. (At 2:17 a.m. New York time, if you really want to be precise.)
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.........
But still, its need for fresh cash came into high relief last week when Musk unveiled his latest plan to raise funds. Heís asking customers to pay him upfront to order vehicles that may not be delivered for years.

The souped-up Roadster will cost buyers a $250,000 down payment even though itís not coming for more than two years. That might generate $250 million; orders for the ďfoundersĒ Roadster are capped at 1,000. And companies can pre-order electric Semi trucks for $5,000. They donít go into production until 2019.
Quote:
.......Itís blowing through more than $1 billion a quarter thanks to massive investment in making the Model 3, a $35,000 car thatís looking less likely to generate a return anytime soon.

ďWhether they can last another 10 months or a year, he needs money, and quickly,Ē said Kevin Tynan, senior analyst with Bloomberg Intelligence, who estimates Tesla will be required to raise at least $2 billion in fresh capital by mid-2018.
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  #38  
Old 11-21-17, 04:53 PM
EastYoungstown EastYoungstown is offline
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cars......
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  #39  
Old 11-21-17, 05:02 PM
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Tesla will be fine as long as they hit their 5,000 cars per week production rate by the Summer.
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  #40  
Old 11-21-17, 05:44 PM
SWMCinci SWMCinci is offline
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Originally Posted by Crusaders View Post
Tesla will be fine as long as they hit their 5,000 cars per week production rate by the Summer.
They were supposed to build 1500 cars in September alone, they've built 260 cars total as of October 1st. They were supposed to hit 5000 cars per week in December.......
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  #41  
Old 11-21-17, 05:50 PM
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I believe they're shooting for March now
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  #42  
Old 11-21-17, 06:48 PM
cabezadecaballo cabezadecaballo is offline
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  #43  
Old 12-12-17, 11:55 AM
Taco MacArthur Taco MacArthur is offline
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https://www.reuters.com/article/us-p...-idUSKBN1E61FB

Pepsi makes the biggest public preorder, puts a $2,000,000 deposit on 100 semis.
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  #44  
Old 12-12-17, 12:46 PM
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Does anyone really think electric semi trucks are going to be equipped for the job and cost effective?

I have serious doubts it will work out. How many total miles are they saying this electric engine will be capable of having on it throughout its life?
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  #45  
Old 12-12-17, 12:49 PM
Crusaders Crusaders is offline
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Electric and driverless within 10 years
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  #46  
Old 12-12-17, 12:51 PM
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I just don't see this line being able to overtake a diesel engine on longevity. Those things can get over a million miles on them easily before the engine gives out. Would be cool if they were to make a semi truck in the future that will last longer than a diesel engine
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  #47  
Old 12-12-17, 12:53 PM
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http://www.mlive.com/auto/index.ssf/...tric_semi.html

This says it will last a million miles guaranteed. Will be cool if true.
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  #48  
Old 02-02-18, 05:42 AM
cabezadecaballo cabezadecaballo is offline
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Originally Posted by Crusaders View Post
Cue cabe's anti-Tesla rant



https://www.cnbc.com/2018/01/31/appl...tesla-say.html
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  #49  
Old 08-02-18, 12:35 PM
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Tesla with another outstanding quarter! haha The TL : DR version is revenue was higher, still no profit, burned through a ton of cash, Wall Street loves it.

https://www.cnbc.com/2018/08/01/tesl...s-q2-2018.html

In the quarter ended June 30, Tesla had a net loss of $717.5 million, or $4.22 per share, wider than its loss of $336.4 million, or $2.04 per share, a year ago.

Revenue rose to $4.00 billion from $2.79 billion a year ago, and outpaced analysts estimates of $3.92 billion.

The company burned through more than $700 million in the quarter, a drop from the more than $900 million it spent in the first quarter. Many analysts think the company will have to raise fresh capital by the end of the first quarter of 2019.
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  #50  
Old 08-02-18, 12:37 PM
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Tesla has just recently gotten their production in order. I expect if they need to raise capital, they'll be able to.
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  #51  
Old 08-02-18, 01:18 PM
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eastside_purple eastside_purple is offline
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Originally Posted by domi View Post
Tesla with another outstanding quarter! haha The TL : DR version is revenue was higher, still no profit, burned through a ton of cash, Wall Street loves it.

https://www.cnbc.com/2018/08/01/tesl...s-q2-2018.html

In the quarter ended June 30, Tesla had a net loss of $717.5 million, or $4.22 per share, wider than its loss of $336.4 million, or $2.04 per share, a year ago.

Revenue rose to $4.00 billion from $2.79 billion a year ago, and outpaced analysts estimates of $3.92 billion.

The company burned through more than $700 million in the quarter, a drop from the more than $900 million it spent in the first quarter. Many analysts think the company will have to raise fresh capital by the end of the first quarter of 2019.
Iím not a Tesla investor, but how long ago was it people said the same about Amazon and Google? The market views it as a transformative company.
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  #52  
Old 08-02-18, 01:23 PM
Neopolitan Neopolitan is offline
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I remember when LCD used to tell everyone to short Google & Amazon
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  #53  
Old 08-02-18, 01:32 PM
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eastside_purple eastside_purple is offline
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He told me Chipotle was a bad investment and it ended up being a 7-bagger for me.
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  #54  
Old 08-02-18, 10:13 PM
domi domi is offline
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Originally Posted by eastside_purple View Post
Iím not a Tesla investor, but how long ago was it people said the same about Amazon and Google? The market views it as a transformative company.
That's why I put Wall Street loves it. The comparisons to Amazon are striking (huge quarterly losses, burning through cash, stock keeps going up, etc) with the exception that Amazon was primarily a broker early on but Tesla has had huge capital expenditures in their infancy. The biggest difference I see is Amazon could grow through buying smaller companies to increase market share whereas Tesla buying a "smaller" vehicle manufacturer like Mazda or Fiat or whoever doesn't help them sell more electric cars. Either they end up like the Amazon of vehicles and dominate the market or end up like Enron (I can't think of a better example everyone would know) and it all comes crumbling down very quickly.
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  #55  
Old 08-03-18, 09:03 PM
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I remember when LCD used to tell everyone to short Google & Amazon
The man was an addict.
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