I thought I heard somewhere that Elon was hours away from closing Tesla
because he ran out of money, then he won the SpaceX contract and was
able to funnel that money into Tesla to keep it afloat.
On 4/3/2016 5:10 PM, CBB - Jay Fuller wrote:
How many dot com companies are profitable again? Oh...right
Sent from my Verizon 4G LTE Smartphone
----- Reply message -----
From: "Travis Johnson" <[email protected]>
To: <[email protected]>
Subject: [AFMUG] TSLA
Date: Sun, Apr 3, 2016 4:11 PM
Hi,
Since the big release of the new Tesla model this last week, I've been reading
up on the company in general. Here is an article that shows the real numbers
that even Tesla isn't talking about:
http://www.valuewalk.com/2016/04/the-tesla-motors-inc-tsla-deception/
I agree with most of what they say... especially about the new Model 3. They
already take an $8,000+ loss on the current model they sell for $80,000...
there is no way they will be able to make a profit on a $35,000 - $40,000 car.
The other issue is that all the major car companies will have their own fully
electric cars out in the next 2-3 years, and people would rather own a BMW or
Mercedes if the price is the same. :)
The next 2-3 years could be critical for Tesla. I'm not sure how they are going
to make it work with all the debt they already have on their books. Hopefully
this doesn't become another Enron company.
I agree they have done more for the electric car industry than anyone, ever...
but their business model just doesn't make sense. Musk himself has to keep
putting his own money into the company just to keep it running. Imagine buying
a $40,000 car and having them go out of business the next year... no warranty,
no service... the car becomes worth $10,000 overnight. :(
Travis
