Tesla, the band, played at my school dance when I was in 8th grade. This was back in 84/85 right before their debut album came out.
Went by City Kidd at the time but it consisted of all the original members.
Elon Musk’s affordable Tesla: $35K, 300 miles, 0-60 < 4 sec.
Re: Elon Musk’s affordable Tesla: $35K, 300 miles, 0-60 < 4
The Steelers are among the NFL’s worst teams in total offense (30th) and total defense (28th). Highest paid defense in the league by far. We are lucky to have Mike Tomlin.
I'll be going electric in a year. But we have two cars...so ya know, If I plan on driving 300 miles for a beer I'll just use that one.
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The success of early models might hamper adoption by the masses. If the price of lithium batteries goes up due to demand, electric cars make no sense if oil is this cheap.
now way oil will stay this cheap, and all i'm reading is that by 2020 lithium battery vehicles will be cheaper than gas.
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R S wrote:I'll be going electric in a year. But we have two cars...so ya know, If I plan on driving 300 miles for a beer I'll just use that one.
Quality post, RS.
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RS, how do lithium batteries get cheaper if demand increases exponentially?
Dan Smith--BYU wrote:RS, how do lithium batteries get cheaper if demand increases exponentially?
There could be a lag, but economies of scale. Tesla was building a huge battery factory in NV, but I haven't read anything on it in a while.
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Ben comes back, Tomlin doesn't = CHAMPIONSHIP!!!
Ben comes back, Tomlin doesn't = CHAMPIONSHIP!!!
Dan Smith--BYU wrote:RS, how do lithium batteries get cheaper if demand increases exponentially?
I'm not sure. But that was the prediction I read in an article in Bloomberg i believe it was. I also read that they are coming up with new ways to extract lithium from old iron ore mining lag or something like that. Quite successfully apparently.
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So that segues to my next thought...isn't the best way to invest in this industry to buy the picks and shovels of lithium miners rather than gambling on a particular manufacturer?
BTW, my prediction is that Tesla goes BK in three or four years.
BTW, my prediction is that Tesla goes BK in three or four years.
Dan Smith--BYU wrote:So that segues to my next thought...isn't the best way to invest in this industry to buy the picks and shovels of lithium miners rather than gambling on a particular manufacturer?
BTW, my prediction is that Tesla goes BK in three or four years.
Makes sense to me. But Tesla going BK does not. Why do you think that after the interest in the new model? They are turning into the Apple of auto manufacturing.
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They lose money on every car they make even with the subsidies. Their cash burn rate is ridiculous. They will need another secondary just to get to the Model 3 release. Apple never lost money like this for years in a row.
TIVO had a great product, won every battle and lost the war.
TIVO had a great product, won every battle and lost the war.
Dan Smith--BYU wrote:BTW, my prediction is that Tesla goes BK in three or four years.
I wouldn't bet against that. Everything about the Tesla story, from the hype to the investor exuberance, reminds me of Sirius and XM. XM was on the verge of bankruptcy when it merged with Sirius, and then the combined company was teetering on bankruptcy before a huge bailout from a much larger company.
It's doing well now, however. But do I see a big automfr doing the same for Tesla down the road? Doubtful, since all the big players are working on their own electric vehicles.
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Ben comes back, Tomlin doesn't = CHAMPIONSHIP!!!
Ben comes back, Tomlin doesn't = CHAMPIONSHIP!!!
Howard Stern saved Sirius.
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Howard Stern didn't save the shareholders. It went BK in 2009. Companies can still operate out from BK but the shareholders get zero.
Tesla can go BK and Teslas will still be made. In fact I think that's what will happen when they are bought out at a BK fire sale.
You just can't keep burning cash forever. Satellites and assembly plants are capital intensive, and you have to be profitable at some reasonable point.
Tesla sells 50K cars and has half the market cap of BMW who sells 2 million profitably. TSLA valuations are completely illogical and based on a cult of personality combined with a fine product.
Tesla can go BK and Teslas will still be made. In fact I think that's what will happen when they are bought out at a BK fire sale.
You just can't keep burning cash forever. Satellites and assembly plants are capital intensive, and you have to be profitable at some reasonable point.
Tesla sells 50K cars and has half the market cap of BMW who sells 2 million profitably. TSLA valuations are completely illogical and based on a cult of personality combined with a fine product.
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Dan Smith--BYU wrote:They lose money on every car they make even with the subsidies. Their cash burn rate is ridiculous. They will need another secondary just to get to the Model 3 release. Apple never lost money like this for years in a row.
TIVO had a great product, won every battle and lost the war.
Apple actually had a few money-losing years in a row in the 1990s.
Tesla will be fine, especially when this gigafactory gets fully operational. The only thing that could "kill" Tesla is if there's a sudden and unexpected shift away from Lithium Ion. They also do a ton of business elsewhere. $800m in powerpack orders 1 week after unveiling. Over $1b now.
The car is their sexy product, but it's not where they're going to make their killing, at least until the Model 3 is in mass production.
