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Forum ยป Tesla is circling the drain...
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Thread: Tesla is circling the drain...

post 1557034231 07-24-2018, 08:10 AM
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#1
  1. EEBreh
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Tesla is circling the drain...

I haven't actually seen a decent misc thread where we can discuss this so I thought I should create one. I don't think Tesla is going to make it brahs...

Cliffs for those who are unaware:

- Tesla has never turned a profit:
https://www.cnbc.com/2018/06/12/elon...t-one-day.html

-Musk acts like a jerk to investors in their recent earnings call.
https://www.cnbc.com/2018/05/03/here...illing-me.html

- 24% of Model 3 sales have been cancelled:
https://money.cnn.com/2018/07/19/tec...ade/index.html

- Musk claims that they hit their "production targets" but there are tons of teslas just sitting in a field (probably waiting for parts that have not yet been made):
https://www.zerohedge.com/news/2018-...d-california-0

- Tesla asks suppliers for cash back in order to appear that they are turning a profit:
https://www.zerohedge.com/news/2018-...iers-cash-back

- Biggest country they sell their cars to is getting sick of their chit:
https://www.bloombergquint.com/busin...sla#gs.JnPiASo


It's a shame to see an American company fall apart but I just don't see how it makes any sense on why teslas market share is worth more than ford or gm. Major manufacturers are almost caught up to Tesla with EVs and are churning out cars. Just as a side note, I don't understand how EVs are viable with an antiquated grid. How are we helping the environment when we are creating lots of pollution to mine these precious metals used in batteries, using even more energy to turn them into a battery, and then consuming natural gas and/or oil to power these cars via power plants?
post 1557034511 07-24-2018, 08:14 AM
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#2
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whole company is a 2nd gen troll job
do not read my posts and weep, i am not there i do not sleep
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post 1557034681 07-24-2018, 08:16 AM
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My dad was in the process of buying a Tesla, and had some electrician come out to his house and tell him it would be $15,000 to install the electric hook-up for the car in his garage.

So he bought an Alfa Romeo instead.
post 1557035471 07-24-2018, 08:25 AM
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#4
  1. J1n
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Model 3 is also a POS
Misc Work Crew
post 1557035681 07-24-2018, 08:28 AM
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#5
  1. LaCosaNostra90
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hes suckered in a lot of investors though, $53 billion market cap lol
post 1557035861 07-24-2018, 08:30 AM
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#6
  1. DesiredUserphag
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"so I thought I should create one."

Think again, *******
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post 1557035901 07-24-2018, 08:31 AM
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elon musk is just professionally pumping tesla stock
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post 1557036121 07-24-2018, 08:34 AM
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Good example of how a conman can convince taxpayers to subsidize fancy cars for the ultra-rich & make a personal fortune while doing it, all while decrying "big government".

Musk belongs in jail.
When all that says 'it is good' has been debunked, what says 'I want' remains.

- CS Lewis
post 1557036511 07-24-2018, 08:38 AM
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Originally Posted By ZenBowman⏩
Good example of how a conman can convince taxpayers to subsidize fancy cars for the ultra-rich & make a personal fortune while doing it, all while decrying "big government".

Musk belongs in jail.
he pumps and dumps tesla stock like crazy

im surprised he isnt jail
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post 1557038431 07-24-2018, 09:01 AM
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Saw that article where he was going back and asking suppliers for "rebates" on parts he bought from them 2 years ago. It's like me going to Wal-Mart and asking for a refund on groceries I ate last month. Fukkin lol at Tesla's level of desperation.
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post 1557038711 07-24-2018, 09:04 AM
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Originally Posted By ZenBowman⏩
Good example of how a conman can convince taxpayers to subsidize fancy cars for the ultra-rich & make a personal fortune while doing it, all while decrying "big government".

Musk belongs in jail.
And I'm still here trying to start a small business, lel.

http://www.latimes.com/business/la-f...31-story.html#
445/340/545
post 1557038801 07-24-2018, 09:04 AM
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Originally Posted By RazorM3⏩
he pumps and dumps tesla stock like crazy

im surprised he isnt jail
So should a bunch of firms and hedge fund managers who knew the housing market was heading towards a collapse a decade ago. As you can see, these people rarely get in trouble for their misdeeds.
post 1557041741 07-24-2018, 09:43 AM
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Im just looking forward to Tesla going under and everybody who bought one is left with a very expensive smart phone with 4 wheels. The outrage would be unreal and I would hazard a guess Musk will cite Trump as the problem.
post 1557042571 07-24-2018, 09:54 AM
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Musk will do what he always does, wrap his failing company up in a neat little bow and use his other company (in this case SpaceX) to buy the failing company.

He just runs a company ponzi scheme
post 1557042761 07-24-2018, 09:56 AM
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Originally Posted By ZenBowman⏩
Musk belongs in jail.
Originally Posted By RazorM3⏩
im surprised he isnt jail
wtf crime are you perceiving?
post 1557042881 07-24-2018, 09:57 AM
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I've never really liked Elon Musk.

I believe CNN recently did an article on him with the title "Elon Musk: A fraud."

I couldn't agree more. Several members of my family ordered Teslas which never arrived.
Thus let me live, unseen, unknown;
Thus unlamented let me die;
Steal from the world, and not a stone
Tell where I lie.

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post 1557043391 07-24-2018, 10:05 AM
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post 1557043701 07-24-2018, 10:10 AM
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https://nypost.com/2018/07/21/elon-m...a-total-fraud/
Elon Musk is a total fraud
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post 1557044051 07-24-2018, 10:15 AM
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Wasn't his entire business model based on selling cars online, cutting out dealers which was never going to fly?
post 1557044471 07-24-2018, 10:19 AM
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been telling a lot of people he is a fraud for 2 years and they didn't believe it.
post 1557044931 07-24-2018, 10:24 AM
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I work supply chain for one of the German OEMโ€™s, Teslaโ€™s a joke. Itโ€™s well known they canโ€™t produce a car worth a **** and they hire anyone with a pulse and pay them crap money.
<HTC>

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post 1557045391 07-24-2018, 10:29 AM
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i think they should shift gears and work on either supplying current car companies with the parts that they do well and letting others do what they do well, as well as continuing space x
A million miles away - I don't.. feel.... anything.
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post 1557045421 07-24-2018, 10:29 AM
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Tesla isn't about selling some chitty cars

It's about changing the market into being a lot more "E-Car" friendly only to come up with the infrastructure for it.

Like he makes profit selling some cars? Great but that's not what this company is about.

It's all about making the change to electronic cars and getting bank on charging stations and accessories and supplies!
6'3 - 230

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post 1557045501 07-24-2018, 10:30 AM
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  1. RazorM3
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Originally Posted By Crysthal⏩
Tesla isn't about selling some chitty cars

It's about changing the market into being a lot more "E-Car" friendly only to come up with the infrastructure for it.

Like he makes profit selling some cars? Great but that's not what this company is about.

It's all about making the change to electronic cars and getting bank on charging stations and accessories and supplies!
found the tesla stock owner
Samsbolton - 43 years of age:

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post 1557045621 07-24-2018, 10:32 AM
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Originally Posted By RazorM3⏩
found the tesla stock owner
Nah too risky
6'3 - 230

Collect things, not moments
post 1557045741 07-24-2018, 10:33 AM
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Post deleted by user
post 1557046081 07-24-2018, 10:38 AM
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Originally Posted By FA*******⏩
Saw that article where he was going back and asking suppliers for "rebates" on parts he bought from them 2 years ago. It's like me going to Wal-Mart and asking for a refund on groceries I ate last month. Fukkin lol at Tesla's level of desperation.
you would be surprised how often this happens in multiple industries.

For example, in heavy construction, the owner/general contractor of a project may notice a sub-contractor did great and made tons of money on the job. They will ask for a percentage back, and they will get it, because the sub will be afraid of hurting their chances at repeat business.
<HTC>
post 1557046181 07-24-2018, 10:39 AM
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So much Elon hate lately lol. I don't think he's a straight up fraud, I think he's just a frustrated nerd who's trying to pave the way for electric cars. It's not gonna be profitable until more people start using them
post 1557046281 07-24-2018, 10:40 AM
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#29
  1. MisterJustice
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america just stop the car producution business will ya? leave that chit to us europeans and japanese, we actually know how to build cars
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post 1557046541 07-24-2018, 10:43 AM
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I wonder who's financing everything?

From what I've read they don't make a profit and never have and no one even knows when they'll reach break-even. For their whole existence they haven't shown profit yet they keep surviving.

Who's funding it??? Where does the money come from?
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