Tesla: 4 month's to live

doogie

CFO resigns, deliveries stall, losses mount, Cash Runs Out in 4 months.

dnc

No worries, bailout's cumming.

#TooBigToFail

2001400ex

Breitbart reports, you decide.

doogie

http://ir.tesla.com/secfiling.cfm?filingID=1564590-17-2397&CIK=1318605

2001400ex

doogie said:

http://ir.tesla.com/secfiling.cfm?filingID=1564590-17-2397&CIK=1318605

What part of that says cash runs out in 4 months?

This is what I read:

Jason made a number of significant contributions at Tesla, including leading the company to a profitable third quarter last year, significantly improving the company’s cash position, helping to lead the acquisition of SolarCity, and preparing Tesla to scale for the launch of Model 3.

UWhuskytskeet

I don't think it's quite as dire as you're implying, but Model 3 will probably make or break them.

Their battery storage is more intriguing to me though, and could completely change the viability of renewables like wind which are often not needed at night when prices are cheapest...with Tesla's batteries you can save the cheap energy and use it when prices increase. You'll likely see utilities buy power from batteries during peak demand and basically eliminate the shitty oil plants that are only used in emergencies.

HoustonHusky

They will have a secondary offering to raise more cash...long-term though I don't see them ever living up to the hype. Great business model for high-end, expensive cars...

WilburHooksHands

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

RaceBannon

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

I just want Ty to fail so I can say I was right POTD

HoustonHusky

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic sense

For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.

2001400ex

HoustonHusky said:

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic sense

For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.

You aren't funding Tesla.

HTH

2001400ex

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

Right. Breitbart is salivating over this. That's Steve Bannon.

doogie

Rich people want to spend their own capital, go for it.

Pretending you're economically viable by including $4 billion in government subsidy, without government benefit? Not so much

greenblood

Is the cost of charging an electric vehicle more expensive than paying for gas on the east coast? If so, that's what I see as a problem for them going forward.

The midwest I believe has the cheapest electric costs, but being geographically spread out, it's not really an ideal market for Tesla as well.

Southerndawg

HoustonHusky said:

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic sense

For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.

Agree

http://blog.independent.org/2016/01/28/the-truth-about-tesla-motors/

UWhuskytskeet

greenblood said:

Is the cost of charging an electric vehicle more expensive than paying for gas on the east coast? If so, that's what I see as a problem for them going forward.

The midwest I believe has the cheapest electric costs, but being geographically spread out, it's not really an ideal market for Tesla as well.

Northwest is way cheaper.

Pitchfork51

Why do they even make cars? Battery technology should be their business

UWhuskytskeet

Pitchfork51 said:

Why do they even make cars? Battery technology should be their business

That will be their business in 10-20 years. They created the market and economies of scale for the batteries.

HoustonHusky

2001400ex said:

HoustonHusky said:

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic sense

For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.

You aren't funding Tesla.

HTH

I pay taxes, so by definition I'm helping fund them (including the $7,500 Federal tax credit per car).

You...probably not so much...

HoustonHusky

greenblood said:

Is the cost of charging an electric vehicle more expensive than paying for gas on the east coast? If so, that's what I see as a problem for them going forward.

The midwest I believe has the cheapest electric costs, but being geographically spread out, it's not really an ideal market for Tesla as well.

Charging them is pretty cheap, but one of the reasons why is that they avoid the Federal, State, and local gasoline taxes. Its not a like-for-like energy value comparison.

UWhuskytskeet

Southerndawg said:

HoustonHusky said:

WilburHooksHands said:

Why the fuck do some people want alternative fuels to fail so badly? I don't get it.

Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic sense

For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.

Agree

http://blog.independent.org/2016/01/28/the-truth-about-tesla-motors/

Is that guy seriously taking Tesla's quarterly P&L and dividing it by the number of cars sold in order to claim Tesla loses $4000 a car?