As the foolish crony capitalists
dwindle down to a precious few.
I’m curious as to just how much the upper level people made last year.Oh well.A few hundred million doesn’t go as far as it used to in the new,improved USSA,especially in Californicated.
Or as Weird Al would say, “And another one takes, and another one takes, and another one takes the bus . . .”
Yeah, you have to wonder when the US government will mandate a quota of electric cars sold to keep this scam alive.
Made in China.
$37,000.
Fewer than 100 sold!
I am waiting for the right opportunity to buy puts on Tesla.
The day is coming soon….
Who are the idiots who keep buying shares in “Green” companies? People who invest in ethics rather than good business opportunities are total fools.
Frankly, I’d expect this to be happening. With any new technology, there is usually (and should be) a rush of new entrants into the field, followed by a whole pile of them dying off. The new entrants push each other to provide better products, but the market can’t sustain them all so most die off.
Now, the fact that governments have been pushing this technology through tax breaks, regulatory incentives, cheap loans, and outright grants is reprehensible, and is making the rush in and die off much more dramatic. In effect, they have fueled a bubble, and at the end of every bubble is a pop. As such, I too celebrate. Too bad there will be no lessons learned.
The new entrants push each other to provide better products…
Heh, doesn’t seem to be working, the ‘product’ can’t go any further than it could in the early 1900’s.
I’d argue against that, albeit on the margins. With new battery technology like lithium ion, they already have gone further. Still, the energy density of gasoline is far superior to any battery today (between 10x and 100x depending how you measure), and battery recharge times are still much longer than gas refill times. It will take a revolution in battery technology to overcome those problems, and that revolution is simply not here, if it’s even possible. Having governments picking this industry as a winner is at best throwing away good money.
http://www.lowtechmagazine.com/2010/05/the-status-quo-of-electric-cars-better-batteries-same-range.html
The 2010 Nissan Leaf and Mitsubishi i-MiEV have exactly the same range as the 1908 Fritchle Model A Victoria: 100 miles (160 kilometres) on a single charge
If today’s supporters of EV’s would dig into the specifications and the sales brochures of early 20th century electric “horseless carriages”, their enthusiasm would quickly disappear. Fast-charged batteries (to 80% capacity in 10 minutes), automated battery swapping stations, public charging poles, load balancing, the entire business plan of Better Place, in-wheel motors, regenerative braking: it was all there in the late 1800s or the early 1900s. It did not help. Most surprisingly, however, is the seemingly non-existent progress of battery technology.
I’m guessing the investors who have the preferred stock are reaping it in like bandits from the government subsidies(our taxes) while the greenie foot soldier investors are just fronting the excuse for government to pay off their cronies while the little footie stooges get it in the neck.
Like this..?..http://www.youtube.com/watch?v=CWsJcg-g1pg
As the foolish crony capitalists
dwindle down to a precious few.
I’m curious as to just how much the upper level people made last year.Oh well.A few hundred million doesn’t go as far as it used to in the new,improved USSA,especially in Californicated.
Or as Weird Al would say, “And another one takes, and another one takes, and another one takes the bus . . .”
Yeah, you have to wonder when the US government will mandate a quota of electric cars sold to keep this scam alive.
Made in China.
$37,000.
Fewer than 100 sold!
I am waiting for the right opportunity to buy puts on Tesla.
The day is coming soon….
Who are the idiots who keep buying shares in “Green” companies? People who invest in ethics rather than good business opportunities are total fools.
Yo Don, check this out.
http://hotair.com/archives/2012/09/11/of-course-the-pentagon-is-buying-chevy-volts/
On another note, I sure hope Fisker made the obligatory donation to Team Obama before filing.
,
Frankly, I’d expect this to be happening. With any new technology, there is usually (and should be) a rush of new entrants into the field, followed by a whole pile of them dying off. The new entrants push each other to provide better products, but the market can’t sustain them all so most die off.
Now, the fact that governments have been pushing this technology through tax breaks, regulatory incentives, cheap loans, and outright grants is reprehensible, and is making the rush in and die off much more dramatic. In effect, they have fueled a bubble, and at the end of every bubble is a pop. As such, I too celebrate. Too bad there will be no lessons learned.
The new entrants push each other to provide better products…
Heh, doesn’t seem to be working, the ‘product’ can’t go any further than it could in the early 1900’s.
I’d argue against that, albeit on the margins. With new battery technology like lithium ion, they already have gone further. Still, the energy density of gasoline is far superior to any battery today (between 10x and 100x depending how you measure), and battery recharge times are still much longer than gas refill times. It will take a revolution in battery technology to overcome those problems, and that revolution is simply not here, if it’s even possible. Having governments picking this industry as a winner is at best throwing away good money.
http://www.lowtechmagazine.com/2010/05/the-status-quo-of-electric-cars-better-batteries-same-range.html
The 2010 Nissan Leaf and Mitsubishi i-MiEV have exactly the same range as the 1908 Fritchle Model A Victoria: 100 miles (160 kilometres) on a single charge
If today’s supporters of EV’s would dig into the specifications and the sales brochures of early 20th century electric “horseless carriages”, their enthusiasm would quickly disappear. Fast-charged batteries (to 80% capacity in 10 minutes), automated battery swapping stations, public charging poles, load balancing, the entire business plan of Better Place, in-wheel motors, regenerative braking: it was all there in the late 1800s or the early 1900s. It did not help. Most surprisingly, however, is the seemingly non-existent progress of battery technology.
I’m guessing the investors who have the preferred stock are reaping it in like bandits from the government subsidies(our taxes) while the greenie foot soldier investors are just fronting the excuse for government to pay off their cronies while the little footie stooges get it in the neck.