Elon Musk's dreams are a nightmare for US taxpayers

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TyroBGinner · #41 Post by **TyroBGinner** » Sun 22 Jul 2018, 09:41

On that note, there is also this:

https://nypost.com/2018/07/21/elon-musk ... tal-fraud/.

Electric cars are ridiculous anyway. No reasonable person would pay way more for a car that has way less performance.

perdido · #42 Post by **perdido** » Thu 02 Aug 2018, 13:52

TyroBGinner wrote:On that note, there is also this:

https://nypost.com/2018/07/21/elon-musk ... tal-fraud/.

Electric cars are ridiculous anyway. No reasonable person would pay way more for a car that has way less performance.

Can't stand the guy (can you tell)?

In my opinion he is a fraud and attention seeker rolled into one.

So the latest quarterly earnings, or in teslas case, losses, have been released. Tesla just lost the most money in a 3-month period
since its inception...$717 million dollars. But elon musk says that its no big deal, he will magically turn a profit next quarter. I do not see it.

https://www.wired.com/story/tesla-q2-20 ... ings-call/

All sources say he was polite and cordial for his quarterly earnings call and took questions from investors. For that, tesla stock got a boost
even after posting an horrendous earnings statement. The pied piper still has his followers dancing to his flute, but for how long will that last
after the next quarterly earnings call when tesla reports more staggering losses?

Stay tuned lol.

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Galbi · #43 Post by **Galbi** » Thu 02 Aug 2018, 22:50

perdido wrote:Can't stand the guy (can you tell)?
In my opinion he is a fraud and attention seeker rolled into one.

Wellcome to the club.
I'am a gold member, and you?

perdido · #44 Post by **perdido** » Thu 09 Aug 2018, 22:22

More craziness from elon musk and the tesla slow-motion train wreck.

Elon on twitter said he has the funding at $420.00/share to buy all tesla stock and go private. It was trading at $342.00/share when he tweeted.

That announcement on twitter created a rush to purchase tesla stock resulting in the stock price increasing to $384.00 which shut
down tesla trading for the day.

Now the security & exchange commission has started an investigation into possible stock manipulation by musk. The second time
in a month his twitter messages got him in trouble. (The other twitter was musk calling the guy who rescued the soccer team from
the cave "a pedo guy" because he did not want musk involved building a tesla submarine publicity stunt)

So far the result of all this musk created choas is the tesla board of directors plans to meet with financial advisors next week to
formalize a process to explore Elon Musk's take-private proposal

Musk says he has the 70 billion dollars needed for this but nobody believes him

The stock is lower again as Elon is now scrambling
to put on another really big show to keep from being charged with stock price manipulation

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TSLA (tesla current market price per share) Now at 335.00
Update, SEC has reportedly served Tesla with a subpoena after Elon Musk's take-private tweet

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perdido · #45 Post by **perdido** » Fri 17 Aug 2018, 18:24

Good publicity, bad publicity.
Its all the same for musk as long as he gets publicity.

Tesla has another horrible day after musk NYT interview.
Tesla shares are getting slammed after Elon Musk's off-kilter interview with the NYT

This could end real ugly.
TSLA down to 305.00 /share

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perdido · #46 Post by **perdido** » Fri 07 Sep 2018, 16:46

Amid class-action lawsuits alledging stock manipulation, Tesla stock in free-fall, elon musk simply cannot pull himself away from
twitter or making more of an ass of himself than he already has.

Tesla stock has lost fully 35% of its value in the last month, as top Tesla executives jump ship.

Musk burns the most expensive joint in history as 7% of Tesla stock value goes up in smoke

TSLA stock now at 262.00

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8Geee · #47 Post by **8Geee** » Tue 11 Sep 2018, 14:32

Elon is becoming an icon... about ready to pass into legend status. And when he passes into legend, he will also pass you one of these.

8Geee

infromthepound · #48 Post by **infromthepound** » Wed 12 Sep 2018, 06:33

I've just remembered something.
That's it, DeLorean cars, or was it tesla?
JB

perdido · #49 Post by **perdido** » Thu 27 Sep 2018, 22:02

Elon Musk sued by SEC for fraud

U.S. securities regulators on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company,
saying he made a series of "false and misleading" tweets about potentially taking the electric car company private last month.

https://www.cnbc.com/2018/09/27/reuters ... ficer.html

As for that $420 per share buyout price Musk mentioned on Aug. 7th? The SEC says he came to it partly because (given the number's cultural
connotations) he though his girlfriend "would find it funny."

TSLA now at 266.00 / share

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Galbi · #50 Post by **Galbi** » Mon 01 Oct 2018, 12:16

Elon Musk, forced to leave the presidency of Tesla
https://hipertextual.com/2018/09/elon-m ... pertextual (in spanish)
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Perdido's post entering in... 3... 2... 1

Burn_IT · #51 Post by **Burn_IT** » Mon 01 Oct 2018, 12:56

And here comes Dusty Bin!!!

8Geee · #52 Post by **8Geee** » Wed 03 Oct 2018, 15:40

Yah, I read about the fine and kick-out of CEO. 20 million corporate and personal. Nothing for the blunt.

Figures.
8Geee

perdido · #53 Post by **perdido** » Sat 27 Oct 2018, 23:31

Tesla turned a profit this quarter for the first time in two years. It is speculated that they sold accumulated california carbon credits this quarter,
the same as they did the last time they turned a profit.

Weekly production totals of the new model 3 dropped a bit, not a suprise as it was reported that tesla held back release of some completed
tesla 3's to push up the final week's production last quarter.
------------

Tesla reliability has plunged to 27th out of 30 auto makers,according to consumer reports.

Pushing production always decreases reliability so no suprises there.

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perdido · #54 Post by **perdido** » Thu 24 Jan 2019, 08:43

Tesla has been out of the news recently but things are starting to liven up again.

Its hard to tell if the following changes are reactive or proactive.

Saying the road ahead was "very difficult," Tesla's CEO Elon Musk said Friday that the company
would be cutting its staff by about 7 percent. .The job cuts follow a 9% staff reduction in June.

At the same time Tesla is ending its referrel program.
https://www.marketwatch.com/story/elon- ... 2019-01-17

Tesla charging stations have recently raised prices up to 100%
Tesla drastically increases Supercharger prices around the world

All this happening just before the 01/30/2019 earnings call
Musk has already warned that earnings are down this quarter.

01-24-19
TSLA now trading at 287.00

Edit:
01-30-19
Tesla Inc (TSLA:NASDAQ)
Real Time Quote |
Last | 3:51:52 PM EST
306.98 +9.52 (+3.20%)
Anticipation of a good earnings report has driven stock up 20.00.
Earnings report coming a little bit later today after closing bell.

Edit2:
01-30-19 earnings announced minutes ago.
Immediate drop one hour after close.

01-30-19
Tesla Inc (TSLA:NASDAQ)
Extended Hours | 5:08:08 PM EST
302.00 -6.77 (-2.2%)
Close | 4:00:00 PM EST
308.77 +11.31 (+3.80%)

01-31-19
Tesla Inc (TSLA:NASDAQ)
Extended Hours | 4:03:07 AM EST
294.55 -14.22 (-4.6%)
Close | 4:00:00 PM EST
308.77 +11.31 (+3.80%)

So far the stock has dropped -4.6% in 12 hours.
Might be a rough day for Tesla.
Gonna be keeping an eye on this to see how much it sinks.

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perdido · #55 Post by **perdido** » Thu 31 Jan 2019, 09:34

After yesterdays disappointing earnings call, Tesla CFO to retire from company; shares -3.9%
https://seekingalpha.com/news/3427907-t ... ource=cnbc
https://www.cnbc.com/2019/01/30/reuters ... -cars.html

That is interesting and was unsuspected prior to the earnings call.

Combine that with the layoffs, ending the referrel program(which was essentially the Tesla advertising program), and raising
rates 100% at its charging platforms makes that a significant change for Tesla.

The stock price should be fun to watch for the next few days.
------

Tesla cut way back on capital investment during the last half of 2018 after they had a coming-to-jesus moment and almost went bankrupt.

As a result of that pause in trying to grow at-all-costs, they ended up laying off 16% of their workforce in the last 6-months and have concentrated
on producing mostly the model3 volkswagon.

That allowed them to make a small profit, enough to have the cash to repay $1.2billion in loans that will be due in march, 2019.

The issue now at hand is demand for their vehicles, seems there has been a decreased demand across the board, combine that with
some new competition from big auto makers and its still going to be rough, but as long as elon musk doesn't do anything extremely
stupid (yea, what are the chances of that happening) Tesla should survive the coming 12-months.

I think tesla auto sales are going to take a hit this year because of market saturation, low oil prices, and increased competition.
No going out of business sale this year though.

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perdido · #56 Post by **perdido** » Tue 05 Feb 2019, 18:20

Interesting information if you have considered buying an all-electric verhicle.
Tesla, Jaguar and Nissan EVs lose range in freezing temps as polar vortex leaves electric car owners out in the cold

Wow, a 50% loss of range and longer charging times.

If nothing else, that proves that EV's are a fringe market and gas/diesel engines are here to stay.

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Burn_IT · #57 Post by **Burn_IT** » Tue 05 Feb 2019, 21:23

Did you spot that "even under ideal conditions, batteries lose about 1% of capacity per day"??

8Geee · #58 Post by **8Geee** » Wed 06 Feb 2019, 01:00

Temperature vs range is about equal to "cold starting power" for traditional batteries (Lead-acid). A lot of energy is lost in below freezing temps. Cranking an I.C.E. with a Lead-Acid batt at 0'F is really not good for battery life. Electric motors are less burdensome, but we are not talking Lead-Acid batts here, but LI-ion types (usually Li-Fe-Phosphate) that are less robust temperature-wise.

Regards
8Geee

perdido · #59 Post by **perdido** » Wed 06 Feb 2019, 11:40

Did you spot that "even under ideal conditions, batteries lose about 1% of capacity per day"??

Battery tech still has a long way to go. The solid-state batteries were supposed to be coming out this year, that has been delayed indefinitely
while they dump a few more $billions into R&D..

I used to bring my battery inside on the real cold nights, have even put them in the oven <g> Can't do that with an electric vehicle.

Electric cars have a market geographic usability between -35' & +35' degrees latitude during the winter (except geographic anamolies like california)
Certainly you can use one in colder climates, but why bother?

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perdido · #60 Post by **perdido** » Fri 22 Feb 2019, 16:34

Tesla Model 3 Loses Consumer Reports Recommendation Over Reliability Issues

Well, that should have been seen coming after the rating for tesla dropped to #27 out of 30 rated vehicles.

What is more interesting is that tesla has now started renting brand new model 3's because they cannot sell them.

Tesla also just shipped 1600 model 3's to china which seems odd timing as there are still many people waiting for the base model that they made
down payments on 3 years ago and that tesla has never answered with the promised product except doing a bait & switch with much higher
priced vehicles,

An interesting side note is that china just got approval to sell the Kandi electric car in the US.
"While the two cars are defined as all-electric, Kandi is not strictly an electric vehicle producer like Tesla Inc. (TSLA) ,
in that it offers more than just EVs, including three-wheel motorized "tricycles" and other machines. Kandi is a joint venture of
Kandi Vehicles and Geely Group, one of China's biggest automakers.

While no final price was announced, previous reports have pegged the two models at less than $20,000. "

Maybe I was wrong to suggest in my other post that tesla will survive the year.

Tesla now trading at 294.70

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Elon Musk's dreams are a nightmare for US taxpayers