Tesla's 2018 Second Half: The Final Flash Of A Dying Star
 

Drop the cost of the cars by 10%

Hes not making a profit on them as it is, so he can't drop costs. Musk made a mistake of claiming he'd make a profit this year. There are lots of companies that fail to turn profits for years, but he made the mistake of saying he'd do it this year.

The only thing that matters is.. Does Telsa have money to keep operations going and pushing forward? The answer is yes, so Telsa isn't going anywhere.

However Musk gave the haters some free ammunition. No one in the world would be able to start a major car manufacturing company and turn profits in just 10 years. Specifically when that company is reinventing the car..

They have the money due to cash or they have the money due to investors?

Investors can disappear at any time along with their cash.

I'm sure he will think of something regardless. He's a showman.

Musk is worth 20 billion. I'm sure he can float Tesla if he needs to

word on the street today is analysts say tsla will need to raise 10B+ by 2020.


after their history and that last investor's call where Musk snapped at analysts, combined with their debt.........many say it won't be easy. maybe impossible

it's a good article I linked, 7 pages. worthy of a full read.

tsla needs 10B+ to make it to 2020

https://www.marketwatch.com/story/te...man-2018-05-17

Would he risk half his wealth when his real goal is Mars?

Worth $20b in cash? Worth $10b in cash to cover their needs?

And whose reporting is the $20b?

He's also got Mars, Boring, SpaceX, solar and who knows what else.

Ten years ago he was willing to foot the bill. He had fewer projects at the time.

Drop the cost of the car by 10% and get more people into them. More people driving them means more people need replacement parts and batteries and such. that's where he makes his money. Its what all the other car companies do.

It's my understanding that it's a stickier wicket than that. Parts for instance, super complicated right now with sub-contractors, and sub-sub-contractors, etc. Many parts are being shipped to off site tooling companies to be retooled because of production issues.

they are currently in shutdown number 2 this year on the model 3 assembly line converting it from automated to human, as the automation experiment failed thoroughly.

Oh, and the tax credit for the model 3 will be expiring soon, so the cost of the car will go up substantially.

A sticky wicket indeed, especially for a CEO running several businesses and distracted by Mars.

I would love to see Tesla succeed and I'm sure they will. They have always thrown poo in the faces of naysayers and I'm sure they will do it again. Can't wait to own a Tesla car myself one day.

no comments on their actual state of affairs right now? there's a lot going on, pretty fascinating from quite a few angles really.

Why haven't you gotten one yet?

There is a showroom across the street from me. Real slick. Enjoy going in there and looking around.

It is a shame that Musk has haters.
He is one of the biggest minds of this age. :2 cents:
He gave me back the hope that humanity is not completely retarded and we are hopeless.
W/o Elon Mush we would be halfway to the age of Idiocracy :2 cents: :pimp

whatever

He has my respect and he fucked Amber Heard at least he use to :thumbsup:thumbsup

He's sure ordering a shitload of lithium from Australia.

https://www.acbr.com.au/kidman-resou...ium-tesla-cars

BTW: do you realise we ship straight to China as well as the USA?

Asking for a friend ;)



Reports have emerged that Tesla has started its recruitment efforts in China.

https://www.teslarati.com/tesla-recr...shanghai-site/

He has more orders then cars now. His problem is building not selling.

I get that. But how many more orders? 100. 1000?

Unless he has half a million its not worth it. once he gets those orders and the Deposit money on them then he can hire more people.

then make sure they are doing their jobs.

Thats another issue he faces. I would love to see the production numbers per day.

SeekingAlpha is the Chicken Little of financial journalism.

Lol.. this is one of the worst companies ever .. no profit since they opened 10 years ago, but dude has a vision :1orglaugh

"Wzzzzzzummm" :1orglaugh

You realize Amazon didnt turn a profit for 14 years? Uber isnt making a profit neither is Twitter.. Seems a lot of these newer techish companies dont turn profits for years. They live off investors for years before everything falls in place.

It's a shame there's an elon cult that thinks others realistically watching tsla is tantamount to being a "musk hater".

Did they use government subsidies too?

and Bezos is no hero. He's not giving his billions away to help others, he's stated he's going to blow it all on Blue Origin so he and his rich friends can go to the moon.

Only the richest of the rich are going with musk or Bezos when that time comes.

Uber? a trainwreck

twitter? come on.

Really?

You prolly found and misunderstood this article..
https://qz.com/1196256/it-took-amazo...arter-of-2017/

You fail at Google. And Tesla still sucks.

I find them to be quite fair. here's a bullish article just released on tsla

https://seekingalpha.com/article/417...les-profits-q3

They need better marketing. They also need a "budget" car, a quick & easy vehicle that's not complex to produce and affordable for the average guy. Save the fancier models for the Big Spenders.

Musk's elitism will be his eventual downfall.