We Don’t Need No Flaming Sparky Cars

Alternative Subsidy 23 Comments

Tesla shares down 5% after reporting bigger than expected loss of $2.92 per share …
Donn Bailey;

No matter how we slice it the numbers are not going to be good for investors in the long run. The cash burn will continue. Cutting a few hundred employees is not going to stop the expense growth, while cars are allowed to sit gathering dust.
Thousands of cars are unaccounted for and the Tesla website is virtually useless to help buyers find cars. This forces buyers to contact Tesla personnel directly which allows Tesla to hide the true inventory levels from the public eye. Earlier today the Tesla website showed no new vehicles in inventory. Thirty minutes later there were 30 Model S units all with 100 kW battery packs.


Update (via the comments)
Scott+Scott, Attorneys at Law, LLP (“Scott+Scott”), a national shareholder and consumer rights litigation firm, is investigating whether certain officers and directors of Tesla, Inc. (“Tesla” or the “Company”) (NASDAQ: TSLA) breached their fiduciary duties owed to the Company and its shareholders. If you are a Tesla shareholder, you are encouraged to contact Scott+Scott for additional information.

23 Replies to “We Don’t Need No Flaming Sparky Cars”

  1. Tesla should be a no-brainer as a short but as a “cult stock”, fundamentals seem irrelevant until that following wanes.

  5. You know what the fact is about gambling, only gamble what you can afford to lose. But if there ever was a stock ripe for going short on, its TSLA. Musks production numbers have never been believable.
    He promises 500k cars in 2018. That’s 40,000 cars a month, gamers! He can’t even produce a thousand right now.
    Make sure you read the article, Tesla’s business model boggles the mind. Seems Musk is getting a long long leash before he fails, or is called before the Securities commission for lying about everything in Teslas stock reports. And the Cult investors deserve the pain for not asking the tough questions up until now.
    The day of reckoning is nigh. BMW, GM, and Honda are about to flood the market with EVs comparable to the Model 3 in early 2018. If they deliver in large numbers at the right price with a range of 400 km, Tesla is done like dinner. The cult will still try to prop him up, but TSLA will no longer have that corner of the EV market all to itself, competing against more experienced, reliable and customer friendly rivals. It’s going to get ugly

  7. How many california credits is tesla getting from the other automakers? Funny thing is once they have their EV lines up, then all those credits go away….

  11. Oh yeah … and I forgot to add … DO NOT sell your cocaine to undercover FBI or DEA Agents.
    Which reminds me … can I pay for my kewl futuristic car with my kewl futuristic money called bitcooin?

  12. I can just see myself driving down 16th ave in Calgary and pulling up to ”Honest John’s Used Cars.” A sinister looking character wearing a fedora, a black leather jacket, Levis jeans and highly polished Tony Lama cowboy boots walks up to you with a cigarette in his mouth and asks, ” Hey, you wanna buy the last Tesla in Western Canada? We just changed the batteries yesterday!”
    Enjoy!!
    https://youtu.be/N3r2UglvWag

  13. After it is all ashes expect the progs In Hollywood to put out a movie blaming it on fracking and low oil prices and climate denial.

  15. You can always tell the cult people; they talk like the electric car is just aboit here. “When GM gets there at the right price point with a 400 mile battery”. Yes, looking at you cult boy. People been trying for that since 1832; but cult people will never let that stop them believing the flying car is almost here. What? Oh sorry, flying car, electric car, cold fusion, the list of things we’re never going to actually see but are continually promisex is getting too long.

  17. Tesla has a bigger market capitalization than Ford while producing as many cars in total as Ford produces in a month.

  18. “bigger than expected loss”
    not by some !!! ha ha ha !!!
    did musk short the stock? what a fcukin’ parasite.
    only leftists would willfully and deliberately act as ‘host’.

  19. Who cares? I do not own a Tesla car or their stock. My only concern is taxpayer money going into the firm. Tesla is certainly not unique in that department. Our own Bomber Corp is a classic. USA defense firms might not get direct cash infusion but their margins are huge and arguably a subsidy. Boeing anyone?
    Calling Elon Musk a fraud is a little strong IMHO. He might not be a strong business person but all his developments have been leading edge. The idea that you could build a rocket that could land itself upright and be reusable is ground breaking. I reserve my biggest accolades for Jeff Bezos who is an innovator but also a solid businessman.

  20. Never mistake me for an EV cultist, if you are a regular, you will know.
    The point is, Musk is getting some competition very soon from Big Auto, playing to a niche market of buyers.
    It could very well be ugly for all the auto makers in thei EV market, it has been up until present day. And Musks wild eyed exaggerated promises are getting tiresome, but not to the cultists

  21. Correct. The fate of the electric car was sealed around 1910 by Henry Ford and others, for the exact reasons they are shunned by consumers today. It’s just that a host of enviro-fanatics refuse to accept reality. Ont already offers $14,000 to buy one of these rigs, plus subsidized charging station construction. But, the electricity to run them has to be paid for, and given Ont rate projections, this is a major problem.
    It as if all those irritating people from the 60s who hectored about gas-guzzlers endlessly, just before they asked “Would you mind giving me a lift”, have grown up to be political leaders. If they “feel” something strong enough, then the fuel burning cars can be replaced by electric runnabouts and the electricity can be generated by sun and wind in a green utopia. Common sense doesn’t seem to register with this set.

  22. I just have to laugh when I see these charging stations in places like Revelstoke on some lonely deadend street with nobody ever using them. I just can’t imagine hooking up to one, than walking to bar somewhere to eat and drink for 75 minutes adding another $30 to $50 bucks to every fill. Such a brilliant business model!! Maybe the Liberals will start letting Tesla owners write off their dining bills while their cars are charging.

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