Yep - Tesla is just another paper tiger with no potential for success.

However, I've heard on the news that Wall Street views Tesla as "Too Big To Fail" and congress may be considering a bailout for this bankrupt corporation wanna beee.

 

I'm sure the political side wants a bailout. Too big to fail or too worried about the monetary consequences it will have on them.

I don't think "too big to fail" was part of the language when deLorean sought alternative financing to keep his auto manufacturing afloat.

 

Yep - Tesla is just another paper tiger with no potential for success.

You never answered my question whether you're putting your money where your mouth is, ie. shorting the stock. If you're not, why should we believe your position?

I'm long the stock and dabble in buying it low and selling it high. I've had reasonable luck so far, buying below $260 and selling over $350 a few times. It goes between the extremes every few months. But on average, I'm in it more than I'm out. Like other TSLA investors, I believe there's a good chance Tesla will disrupt the market and is currently very far ahead of the competition. If they can get where they want to be, they'll be hugely profitable for a long time before others eventually squeeze profits out of the market.

 

I know nothing about Tesla, but the only product or meaningful result from it, that I can see is.......Getting real auto manf to produce electric cars.

I would think that a real auto manf could make them better and cheaper. All Tesla did......with a lot of taxpayer money and a lot of political/backing hipe.....was to pressure the real auto manf into building them.

Personally......I think a lot of Americans would have bought electric cars all thru the last decades.

I like the motor-generator-battery-motor concept.

My money is gonna go to pork bellies right now.

 

I know nothing about Tesla, but the only product or meaningful result from it, that I can see is.......Getting real auto manf to produce electric cars.

Yes and no. There's no question that the other big manufacturers are rushing in to follow Tesla's success. But in the meanwhile Tesla has crushed certain segments of the market and isn't done yet.



From
https://cleantechnica.com/2018/07/2...sales-usa-tesla-now-crushing-the-competition/

 

The chart looks great but you have to temper that with the fact that Tesla is on an all hands on deck effort to deliver cars from a two and a half year backlog. If you compare the number of BMWs sold for the last 2.5 years (and consider the quality issues from shoving product out the door) things aren’t as rosy. But I’m still rooting for them and hope they survive long enough to get their house in order.

 

https://www.cnbc.com/2018/09/27/tesla-falls-4percent-on-report-elon-musk-sued-by-sec.html

Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.

Shares of the automaker fell roughly 10 percent in extended trading Thursday.

The SEC complaint alleges that Musk issued "false and misleading" statements and failed to properly notify regulators of material company events. The SEC plans to hold a press conference at 5 pm E.T.

 

https://www.cnbc.com/2018/09/28/son...-have-a-suicide-pact-to-refuse-secs-deal.html

Tesla and the SEC were close to a no-guilt settlement but Musk pulled out at the last minute, according to reporting by CNBC's Andrew Ross Sorkin.

Under the deal, Musk and Tesla would have had to pay a nominal fine, and the CEO would not have had to admit any guilt, said CNBC's David Faber, citing sources.

But those sources said Musk would have been barred from being chairman for two years and Tesla would have to appoint two new independent directors.

"It was an unbelievably generous deal," said Sonnenfeld, a senior associate dean at the Yale School of Management.

So good, in fact, that former SEC Chairman Richard Breeden said the agency likely sees Musk's and the board's decisions to turn down the deal "as another reckless act by Tesla."

 

A classic example of "Rearranging the deck chairs on the Titanic".

 

https://www.marketwatch.com/story/e...a-chairmanship-and-20-million-fine-2018-09-29

The Securities and Exchange Commission reached a settlement of fraud charges on Saturday with Tesla Inc. and Elon Musk that forces Musk’s removal as chairman of the Tesla board and the payment of $40 million in penalties.

Musk will pay $20 million of the penalty personally, without using insurance or other assistance, and will be ineligible to be re-elected chairman for three years. Tesla will pay the other $20 million and must name two new independent directors, one of which can be the new chair.

 

Musk is still CEO so TSLA’s operations troubles are likely to stay a mess. It’s entirely possible that the new Chairman of the Board will be selected from one of the current set of enablers. Probably good news for the stock. Removal of SEC sanctions paves the way for another capital raise.

 

Yeah, I can't see how the stock does anything but bump up tomorrow. Uncertainties brushed away plus rumors of meeting targets for the quarter. The after-hours trading is showing only a tiny bump so far but we'll see.

Improving the board and governance of Tesla shouldn't be a bad thing. Some might worry that it will constrain Musk but I think it's just the opposite - it takes a big nuisance off his plate and should let him focus more on what he's good at. Investor relations is not his thing.

 

In the UK we have similar regulators to the sec, fining companies for wrong-doing.

But in reality these fines imposed by regulators are nothing more than a tax.

Consider the recent Tesla as an example – Musk makes a false statement that results in the share price of the company increasing, no doubt due to demand for the stock.

Then the sec fines the company $20m, so those that piled into the stock not only lost out due to the stock price falling – but the company (that the share holders own) was taxed $20m, no doubt depressing their share value further.

Surely this $20m should not be in sec’s pockets – but in the pockets of the share-holder’s who lost out.

I’m seriously considering setting myself up as some regular, fining all sorts of companies for wrong-doing, while sunning myself on a Caribbean island funded from the proceeds.

 

Here near Seattle,

A part of the problem with alternative energy sources is there are times when they actually over produce power causing base-line production sources to be wasted because of lack of storage. Potential Hydroelectric power at the dams is being sent to the spillway in deference to Solar and Wind. Because of subsidies for wind and solar there is an incentive to "sell" electricity at a negative price. You would think the people at downhill dams like Lake Mojave and Lake Havasu would have a problem with Hoover pumping water uphill.

https://www.nytimes.com/interactive...-environment/hoover-dam-renewable-energy.html

https://en.wikipedia.org/wiki/Cruachan_Power_Station

A group of residents, "landowners", got together and bought an entire reservoir from the power company, and operate the discharge and generation facilities to pay themselves back a little when periods of high watersheds occur, typically in winter and early spring. They hated their beloved waterfront properties becoming "mudfront" during the warm months of the year when they most wanted to sit on their docks in the evenings and let the kids waterski.

Perhaps the severe compromise of the function of the generation facilities could've been forseen or avoided, but it is disgusting in certain respects. That reservoir was conceived, constructed, and operated for hydroelectric. It is close enough to urban sprawl to have avoided the high costs and losses of remote generation facilities, as well as succumb to the reckless American consumers that comprise it. I live near paradise, and I'm seeing far, far too much paving activities.

 

Stock dropped 42.75 Friday to,268. Right back up 42.70 in pre-market Mon. FWIW
A trader’s stock.

Musk hints at a small profit in 3Q. Meaningless IMO since to hit manufacturing and delivery targets required another all hands on deck effort including engineers and managers working the delivery centers. They also had owners/fans volunteers working deliveries for the final push. Unsustainable.
Musk now blames the lack of car carriers for transport to delivery centers and says he’s building his own. ??? Nobody else has that problem. More likely due to more price/payment disputes of the sort that caused UP to rip up the rail line to the Fremont factory. Trains to ship cars... who knew?

I still think that TSLA will be a mess until they kick Musk and the current board upstairs and get some professional management.

 

I still think that TSLA will be a mess until they kick Musk and the current board upstairs and get some professional management.

A "mess" by some measures perhaps, but handing TSLA over to "professional" managers would take the stock price to under $20. Tesla still needs managers willing to take risks, set unbelievable targets for themselves, and then execute in the face of seemingly impossible odds. Turning Tesla into a Ford or a GM would doom it to the fate of those dinosaurs.

 

Train tracks run right into the GM plants I've seen.
K

 

Train tracks run right into the GM plants I've seen.
K

Those are freight railroads delivering 1000s of tons of parts.

 

Those are freight railroads delivering 1000s of tons of parts.

They are also covered car carriers. I'll snap a picture the next time I'm near the plant in Arlington.


Found pic on net

https://en.m.wikipedia.org/wiki/Autorack

 

Will this guy please, just let it go.

https://www.cnbc.com/2018/10/04/elo...ichment-commission-days-after-settlement.html

Tesla CEO Elon Musk mocked the SEC in a tweet Thursday, calling the agency the "Shortseller Enrichment Commission," days after settling fraud charges brought against him.

The tweet, which is missing a word and appears to take a sarcastic tone, says "the Shortseller Enrichment Commission is doing incredible work" and commends the agency on a name change that did not occur.