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Tesla: 4 month's to live
doogie
Member Posts: 15,072
in Tug Tavern
CFO resigns, deliveries stall, losses mount, Cash Runs Out in 4 months.
Comments
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No worries, bailout's cumming.
#TooBigToFail -
Breitbart reports, you decide.
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What part of that says cash runs out in 4 months?doogie said:
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. -
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. -
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...
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Why the fuck do some people want alternative fuels to fail so badly? I don't get it.
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I just want Ty to fail so I can say I was right POTDWilburHooksHands said:Why the fuck do some people want alternative fuels to fail so badly? I don't get it.
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Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic senseWilburHooksHands said:Why the fuck do some people want alternative fuels to fail so badly? I don't get it.
For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.
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You aren't funding Tesla.HoustonHusky said:
Its not that I want them to fail badly...I just understand thermodynamics. I don't want to fund something that makes no economic senseWilburHooksHands said:Why the fuck do some people want alternative fuels to fail so badly? I don't get it.
For the high-end market nobody cares about the economics of gas vs. electricity, but for an average car it makes no sense.
HTH
