Elon Musk is a fraud...
Comments
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Such faggotry.BallSacked said:
You mean like bankrupting myself by failing at real estate? That kind of stupid?RaceBannon said:
And stupidPurpleJ said:
You seem angry.BallSacked said:
That didn't sail over my head Race, you pathetic fat real estate failure. the point i was responding too was that the government should charge VC interest rates (because he read something on zero hedge that said so).RaceBannon said:
If I had any bankruptcies I could run for President.BallSacked said:
Well you purple pansy, not well. But that's not the point...houstontequilla feels the biggest issue is not charging market rates when it wasn't meant to in the first place.RaceBannon said:
How did that work out you powder blue faggot?BallSacked said:
The point of the program was to give below market financing to help influence investment in the industry, not earn a return for the taxpayer. You fucking fat Texan idiot.HoustonHusky said:
Thank you for displaying your ignorance on the matter by not getting the point.2001400ex said:Yet Tesla paid off the government loan 9 years early. I'm sure you had some whacked out conservative bullshit point. But no one else but Race sees what it is.
http://www.bloomberg.com/news/articles/2013-05-22/tesla-pays-off-its-465-million-loser-loan
PS: Race doesn't really understand anything, he just chimes in to call "liberals" ignorant.
Its isn't that they paid it off (by issuing more stock I'm sure...)...the point is they were given a loan by the govt (not by Musk) as if they were an iron-clad safe investment and not a high-risk venture, so the govt had almost no chance to make money while they had every chance to lose. Just like they did with billions of $$ lost in green energy bankruptcies so far.
Only HondoFS would think it makes sense for the govt to make 2.6% on the same investment Musk made 3,600% (in part by leveraging the almost free money off of the govt)...
Add to the fact Elon has taken an estimated $5 billion from the govt to prop up his businesses, and that with that money he's been able to survive with this cool feature CNBC and NYU have been touting recently...its called cash burn.
FS...
Stay out of finance topics race, your bankruptcy failures prove you're clueless here.
the point Houston made that sailed over your head like a Rosen pass into the arms of an A&M defender is that the government has no place in picking winners especially when they back losers. Your original sophomoric yet cliched reply indicated your lack of though on the issue. Typical Bruin who couldn't get into USC
No go grab your carpet laying box. Fag.
Trump avoided personal bankruptcy, kept large stakes in those businesses, and came out of Chapter 11 reorganization bankruptcies personally unscathed after being billions in debt. Other famous "stupid" people who filed bankruptcy: Henry Ford, Walt Disney, Abraham Lincoln, Oscar Wilde, Milton Hershey, Charles Goodyear, Samuel Clemens (aka Mark Twain), Thomas Paine, and Ulysses S. Grant.
Idiots. All of them. Right. -
I'm not referring to Trump.TurdBuffer said:
Such faggotry.BallSacked said:
You mean like bankrupting myself by failing at real estate? That kind of stupid?RaceBannon said:
And stupidPurpleJ said:
You seem angry.BallSacked said:
That didn't sail over my head Race, you pathetic fat real estate failure. the point i was responding too was that the government should charge VC interest rates (because he read something on zero hedge that said so).RaceBannon said:
If I had any bankruptcies I could run for President.BallSacked said:
Well you purple pansy, not well. But that's not the point...houstontequilla feels the biggest issue is not charging market rates when it wasn't meant to in the first place.RaceBannon said:
How did that work out you powder blue faggot?BallSacked said:
The point of the program was to give below market financing to help influence investment in the industry, not earn a return for the taxpayer. You fucking fat Texan idiot.HoustonHusky said:
Thank you for displaying your ignorance on the matter by not getting the point.2001400ex said:Yet Tesla paid off the government loan 9 years early. I'm sure you had some whacked out conservative bullshit point. But no one else but Race sees what it is.
http://www.bloomberg.com/news/articles/2013-05-22/tesla-pays-off-its-465-million-loser-loan
PS: Race doesn't really understand anything, he just chimes in to call "liberals" ignorant.
Its isn't that they paid it off (by issuing more stock I'm sure...)...the point is they were given a loan by the govt (not by Musk) as if they were an iron-clad safe investment and not a high-risk venture, so the govt had almost no chance to make money while they had every chance to lose. Just like they did with billions of $$ lost in green energy bankruptcies so far.
Only HondoFS would think it makes sense for the govt to make 2.6% on the same investment Musk made 3,600% (in part by leveraging the almost free money off of the govt)...
Add to the fact Elon has taken an estimated $5 billion from the govt to prop up his businesses, and that with that money he's been able to survive with this cool feature CNBC and NYU have been touting recently...its called cash burn.
FS...
Stay out of finance topics race, your bankruptcy failures prove you're clueless here.
the point Houston made that sailed over your head like a Rosen pass into the arms of an A&M defender is that the government has no place in picking winners especially when they back losers. Your original sophomoric yet cliched reply indicated your lack of though on the issue. Typical Bruin who couldn't get into USC
No go grab your carpet laying box. Fag.
Trump avoided personal bankruptcy, kept large stakes in those businesses, and came out of Chapter 11 reorganization bankruptcies personally unscathed after being billions in debt. Other famous "stupid" people who filed bankruptcy: Henry Ford, Walt Disney, Abraham Lincoln, Oscar Wilde, Milton Hershey, Charles Goodyear, Samuel Clemens (aka Mark Twain), Thomas Paine, and Ulysses S. Grant.
Idiots. All of them. Right.
HTH
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Man...the three amigo stupid is strong in this thread...
a) Its stupid to prop up industries that cannot sustain themselves. We've spend hundreds of billions with basically no measurable impact on "renewable" energy sources. Think about that for a second. I'd hope anyone with a Laureate degree or a Trump U degree would even realize that a pretty fucking large failure, even by Federal Govt standards.
b) but IF you do want to prop up an industry pretty much anyone with an IQ over the speed limit would know you do it on the demand side and not the supply side (i.e. you say we'll give money back to anyone that buys an electric car and let the market work on the supply side, not we'll pick one guy and prop him up with billions in hopes that he makes it work, and if he bankrupts his company 'cause he wants to bail his cousin out on his own failed company than who am I to judge.)
And HondoFS...mad props to you. You still don't get it yet you keep posting and posting. Takes courage. -
The business can't sustain itself so much that it paid the debt off NINE years early.HoustonHusky said:Man...the three amigo stupid is strong in this thread...
a) Its stupid to prop up industries that cannot sustain themselves. We've spend hundreds of billions with basically no measurable impact on "renewable" energy sources. Think about that for a second. I'd hope anyone with a Laureate degree or a Trump U degree would even realize that a pretty fucking large failure, even by Federal Govt standards.
b) but IF you do want to prop up an industry pretty much anyone with an IQ over the speed limit would know you do it on the demand side and not the supply side (i.e. you say we'll give money back to anyone that buys an electric car and let the market work on the supply side, not we'll pick one guy and prop him up with billions in hopes that he makes it work, and if he bankrupts his company 'cause he wants to bail his cousin out on his own failed company than who am I to judge.)
And HondoFS...mad props to you. You still don't get it yet you keep posting and posting. Takes courage.
And if you recall, we did the supply side as well, it was called cash for clunkers. Not to mention you got tax credits for buying an electric vehicle.
Any more rants? -
No rant, just a reminder you're one stupid mother fucker.
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From the dude who offers no analysis and copies Race's schtick of "you are wrong cause I said you are."doogie said:No rant, just a reminder you're one stupid mother fucker.
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God. This is probably the worst thread in this site's history.
FYFMFE. -
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Like I said...mad props.2001400ex said:
The business can't sustain itself so much that it paid the debt off NINE years early.HoustonHusky said:Man...the three amigo stupid is strong in this thread...
a) Its stupid to prop up industries that cannot sustain themselves. We've spend hundreds of billions with basically no measurable impact on "renewable" energy sources. Think about that for a second. I'd hope anyone with a Laureate degree or a Trump U degree would even realize that a pretty fucking large failure, even by Federal Govt standards.
b) but IF you do want to prop up an industry pretty much anyone with an IQ over the speed limit would know you do it on the demand side and not the supply side (i.e. you say we'll give money back to anyone that buys an electric car and let the market work on the supply side, not we'll pick one guy and prop him up with billions in hopes that he makes it work, and if he bankrupts his company 'cause he wants to bail his cousin out on his own failed company than who am I to judge.)
And HondoFS...mad props to you. You still don't get it yet you keep posting and posting. Takes courage.
And if you recall, we did the supply side as well, it was called cash for clunkers. Not to mention you got tax credits for buying an electric vehicle.
Any more rants?
Simple question...how much total profit has Tesla made?
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I'm curious to hear your analysis of this.HoustonHusky said:
Like I said...mad props.2001400ex said:
The business can't sustain itself so much that it paid the debt off NINE years early.HoustonHusky said:Man...the three amigo stupid is strong in this thread...
a) Its stupid to prop up industries that cannot sustain themselves. We've spend hundreds of billions with basically no measurable impact on "renewable" energy sources. Think about that for a second. I'd hope anyone with a Laureate degree or a Trump U degree would even realize that a pretty fucking large failure, even by Federal Govt standards.
b) but IF you do want to prop up an industry pretty much anyone with an IQ over the speed limit would know you do it on the demand side and not the supply side (i.e. you say we'll give money back to anyone that buys an electric car and let the market work on the supply side, not we'll pick one guy and prop him up with billions in hopes that he makes it work, and if he bankrupts his company 'cause he wants to bail his cousin out on his own failed company than who am I to judge.)
And HondoFS...mad props to you. You still don't get it yet you keep posting and posting. Takes courage.
And if you recall, we did the supply side as well, it was called cash for clunkers. Not to mention you got tax credits for buying an electric vehicle.
Any more rants?
Simple question...how much total profit has Tesla made?
http://www.nasdaq.com/symbol/tsla/financials?query=income-statement
