Curious, why hasn't the OP created a death watch thread for Amazon? 20 years and it still barely makes a profit.
Not sure but the reasons why Amazon still gets investors despite bad financials is because Jeff Bezos and Amazon are promising to monopolize the distribution and selling industry through outcompeting rival businesses on cost and more than once they have the monopoly they plan on raising pricing on everything since they will own most of the commercial merchant industry.
And there battery production Tesla is bragging about will support the production of 500K (according to this thread) cars per year. Do you know how many tens of millions of passenger vehicles are sold every year around the world? If EVs are the future, the numbers say the future is not Tesla. They will remain a niche player.
The long game. Or maybe Bezos is just a nice guy and likes doing everything nearly at cost.
Regardless of what Tesla does, you people that made money off of them through nothing more than a mouse click, moving money around, are what is wrong with this country. Hard work is what is supposed to be what makes this the land of opportunity. Not random click at the right place at the right time. I know I am old fashioned in thinking you should actually work for a paycheck, but it was how I was raised.
Hopefully this whole thing comes crashing down on the lazy, but I guess there are plenty of baubles in the mean time.
You are not old fashioned, you are uninformed. People have been making money by risking their assets for 1000's of years. The creation of the stock markets didn't suddenly create an atmosphere where the rich got richer without lifting a finger. This has always existed.
Losing money at record speed?
I made about 400% return over the span of a month.
I'd love to hear more of your interesting theories about how to read financial statements. So far we've covered:
-Running a net loss every single year since inception is not a bad thing.
-Having negative free cash flow every single year since inception is not a bad thing.
-Relying on government handouts is a sustainable business model.
-Having 50% debt to assets is perfectly normal.
And there battery production Tesla is bragging about will support the production of 500K (according to this thread) cars per year. Do you know how many tens of millions of passenger vehicles are sold every year around the world?
If EVs are the future, the numbers say the future is not Tesla. They will remain a niche player.
My dad has had a Leaf now for over three years and he still gets about a 60 mile range from the battery. Work is about 10 miles away so he can do an errand on the way home if he wants to. He kept his old 2002 G35 with about 120k miles on it if he needs to do a longer errand after work or the times he leaves town. The Leaf is a pretty nice car considering it's under $20,000 when including tax credits and in CA you get to drive in the HOV lanes. He would never buy it as his only car, but he kept his old car to supplement the Leaf.I don't ever see myself owning one.
Give it to me for free, I'm selling it.
Electric cars simply limit your freedom. You are limited and the second anything is "unplanned" or out of ordinary happens.....you are screwed.
It still blows my mind that people buy NIssan Leaf too. Thing has about 45k of BTUs (that's less than 1/2 the energy of a gallon of gas). Second you hit traffic or go beyond 15-20 mile range.....good luck getting back.
Just silly.
But I say, more power to Nissan and TEsla for selling these things.
People are starting to ask questions about Tesla deliveries. The numbers are not adding up. Also, Porsche and Audi have both announced that they will make cars that compete directly with Tesla. I have a Tesla dealership near me on 25th Street and 10th Avenue. A block further west is a huge Porsche dealership. A bit south of that is a dealership that sells hypercars (Koenigsegg, Bugatti, Ferrari, Bentleys, etc...). From my time in those different dealerships, the types that buy a Tesla also buys these cars. For anyone that has sat in a Tesla, the luxury simply is not there. The seats are super thin, for one, and the creature comforts are lacking. The electric cars from porsche and Audi will be in another level, no doubt. Tesla has to step up or sink because the onslaught is coming. 2015 may not be so kind. If you have money in that firm, take it out and short it.
People are starting to ask questions about Tesla deliveries. The numbers are not adding up. Also, Porsche and Audi have both announced that they will make cars that compete directly with Tesla. I have a Tesla dealership near me on 25th Street and 10th Avenue. A block further west is a huge Porsche dealership. A bit south of that is a dealership that sells hypercars (Koenigsegg, Bugatti, Ferrari, Bentleys, etc...). From my time in those different dealerships, the types that buy a Tesla also buys these cars. For anyone that has sat in a Tesla, the luxury simply is not there. The seats are super thin, for one, and the creature comforts are lacking. The electric cars from porsche and Audi will be in another level, no doubt. Tesla has to step up or sink because the onslaught is coming. 2015 may not be so kind. If you have money in that firm, take it out and short it.
Regarding this evolving process of technology, Christensen said:"The technological changes that damage established companies are usually not radically new or difficult from a technological point of view. They do, however, have two important characteristics: First, they typically present a different package of performance attributesones that, at least at the outset, are not valued by existing customers. Second, the performance attributes that existing customers do value improve at such a rapid rate that the new technology can later invade those established markets."[15]Joseph Bower[16] explained the process of how disruptive technology, through its requisite support net, dramatically transforms a certain industry.
"When the technology that has the potential for revolutionizing an industry emerges, established companies typically see it as unattractive: its not something their mainstream customers want, and its projected profit margins arent sufficient to cover big-company cost structure. As a result, the new technology tends to get ignored in favor of whats currently popular with the best customers. But then another company steps in to bring the innovation to a new market. Once the disruptive technology becomes established there, smaller-scale innovation rapidly raise the technologys performance on attributes that mainstream customers value."[17]The automobile was high technology with respect to the horse carriage; however, it evolved into technology and finally into appropriate technology with a stable, unchanging TSN. Main high-technology advance in the offing is some form of electric car whether the energy source is the sun, hydrogen, water, air pressure or traditional charging outlet. Electric cars preceded the gasoline automobile by many decades and now it returns to people's life to replace the traditional gasoline automobile.
Milan Zeleny described the above phenomenon.[18] He also wrote that:"Implementing high technology is often resisted. This resistance is well understood on the part of active participants in the requisite TSN. The electric car will be resisted by gas-station operators in the same way automated teller machines (ATMs) were resisted by bank tellers and automobiles by horsewhip makers. Technology does not qualitatively restructure the TSN and therefore will not be resisted and never has been resisted. Middle management resists business process reengineering because BPR represents a direct assault on the support net (coordinative hierarchy) they thrive on. Teamwork and multi-functionality is resisted by those whose TSN provides the comfort of narrow specialization and command-driven work."[19]
Never seen so much hate for an American company, building a product in America, sourcing most components in America, employing American workers, while the big 3 are moving more and more of the subcomponents of their products if not the entire production and final assembly of the car itself outside America.
and the reason the other automakers can't compete is not money or engineering talent but the bean counter, group-think corporate mentality, that holds them back making then vulnerable to disruptive innovation which is common throughout history and can take down even the biggest player.
http://en.wikipedia.org/wiki/Disrupt..._of_disruption
Never seen so much hate for an American company, building a product in America, sourcing most components in America, employing American workers, while the big 3 are moving more and more of the subcomponents of their products if not the entire production and final assembly of the car itself outside America.
You want this to fail?
https://www.youtube.com/watch?v=8_lfxPI5ObM
https://www.youtube.com/watch?v=TEReFPI4jSc
https://www.youtube.com/watch?v=YVqlZO7tHFE
and the reason the other automakers can't compete is not money or engineering talent but the bean counter, group-think corporate mentality, that holds them back making then vulnerable to disruptive innovation which is common throughout history and can take down even the biggest player.
http://en.wikipedia.org/wiki/Disruptive_innovation#Practical_example_of_disruption
I think they and the electric might have enough brand recognition right now to float them through this storm.
I wish they should just roll over and put in 3 cylinder diesel for long trips. Unless they implement a battery-exchange subscription program where you drive up, unscrew, screw charged one on, and drive away; I don't see them going very far [over 300miles] from here with it.
Having an exchange program solves acute power demands while charging (1 megawatt) as they would be charged over night, and extends battery life significantly treating them gently.
Sure, I'm going to fly Connecticut to New Jersey for a football game and fly back home. Because people who can afford $80K for a car do that all the time.
You expect people to rent cars to go to meetings? To visit somewhat distant relatives for a single day? For an out of town game? For a trip into the city to see a show?
I can see why you're a Tesla fan. It's a car that isn't built for the REAL world and you don't happen to live in the real world either.
Connecticut to New Jersey is a crummy example to use, as the I-95 corridor has a bunch of Supercharger stations now. You would have to be a moron to run out of power on that trip in a Model S.
Never seen so much hate for an American company, building a product in America, sourcing most components in America, employing American workers, while the big 3 are moving more and more of the subcomponents of their products if not the entire production and final assembly of the car itself outside America.
You want this to fail?
https://www.youtube.com/watch?v=8_lfxPI5ObM
https://www.youtube.com/watch?v=TEReFPI4jSc
https://www.youtube.com/watch?v=YVqlZO7tHFE
and the reason the other automakers can't compete is not money or engineering talent but the bean counter, group-think corporate mentality, that holds them back making then vulnerable to disruptive innovation which is common throughout history and can take down even the biggest player.
http://en.wikipedia.org/wiki/Disruptive_innovation#Practical_example_of_disruption
Never seen so much hate for an American company, building a product in America, sourcing most components in America, employing American workers, while the big 3 are moving more and more of the subcomponents of their products if not the entire production and final assembly of the car itself outside America.
You want this to fail?
https://www.youtube.com/watch?v=8_lfxPI5ObM
https://www.youtube.com/watch?v=TEReFPI4jSc
https://www.youtube.com/watch?v=YVqlZO7tHFE
and the reason the other automakers can't compete is not money or engineering talent but the bean counter, group-think corporate mentality, that holds them back making then vulnerable to disruptive innovation which is common throughout history and can take down even the biggest player.
http://en.wikipedia.org/wiki/Disruptive_innovation#Practical_example_of_disruption