Again this comment shows your inability to face being wrong.
- "keep a trail of hypes that keeps the market pumping - that is not sustainable" : that is beyond the point! It doesn't have to be sustainable: just like in the case of pretty much EVERY company, it needs to last long enough for them to learn from previous mistakes and start bringing in more money (either from profits or from capital increases) than they need. You seem to assume that this is something Musk companies cannot do. Based on what precisely ?
- "Time will tell" - a pretty lame step down - nobody can prove you wrong there, because you do not specify how much time. You'll always be able to say "well, give it 10 more years and you'll see!"
10 years?
it hasn't even been a month boy and the shirtstorm has arrived
https://www.cnbc.com/2017/10/25/tesla-firings-spread-across-solarcity-employees-blindsided.html
Also although it should be legit to say 5-10 years given the fact that the companies just started, no, I give it tops 1 since this post was written to all come down. I will keep posting the news here for your convenience.
3 months later Tesla stock has bounced back, The Economist runs articles about SpaceX and the upcoming BFR and on the streets of Luxembourg I see more and more Model S black taxis while a new Tesla Model X SUV seems to be replacing a Porsche Cayenne in front of a new house every week. Tesla might well be the product of a collective dellusion (a bit like religions) but that doesn't spell doom for it ... at least not for the next 2000 years ...
Kyriaco, why do you keep posting the same stats headed TECH? All are exactly the same, datewise, so they cannot be updates on each other.
If I may digress. Many years ago I had a programmer make a program for me. When speaking, socially, with a CEO of a multi-billion dollar corporation, he offered to buy the proggie for $400,000. I was not projecting that kind of earnings over five years, so I sold it. He then explained to me why he is not going to market the program.
Our company will earn $20 million from it over the next ten years - as long as we do not sell even one copy. We will pay for a professional to evaluate the program so as to enable us to enter it on our books as an asset of $20million. Then the IRS allows us to write off the value, at the numbers I've given you. If we sell even one copy, then the IRS will not accept our evaluation as being an asset for writing off.
It is one of the reasons I made the comment I did. Businessmen have their own reasons for doing what they do. Would you have imagined the worlds top banks would declare themselves about to go bankrupt? Once you saw they want billions from the goverments (from us), it sort of made sense, eh?
Now that the main auto manufacturers are trying to get into the game, I won't be surprised if he is receiving offers for a buy-out at some fancy high price.
Thanks for offering to keep us updated, as I look forward to finding out exactly what is being planned.
The point here is not Tesla's business strategy but if you read through my posts the mentality he is being promoting. When I say "I guess I was right about Tesla" my point was to demonstrate how a business being funded mainly from government subsidies cannot be sustainable. Add to that the proxy funded Solar City and Space X and you understand where this circus is headed.
I will keep posting the updates.
https://www.cnbc.com/2017/10/27/tesla-nears-bear-market-territory-and-it-could-get-a-lot-worse.html?__source=Facebook
Exactly! Government should not be picking winners and losers by subsidies 👍 I know I’m late to seeing this post but wanted to give my thoughts anyway! I agree
I've got no objection to your posting updates. I have since realised that comments are being repeated, I return to where I made a recent comment and find two or three repeats. I also have not been able to post anything, but I can comment, so though I don't know what is happening, I see I was wrong in commenting about repeats.
I am not deeply into Tesla and so on, though I live fairly close to where he grew up. However, I mentioned to a businessman who does invest in the stock exchange and he told me that Toyota have already a 30% share in his cars.
Personally I believe it must be about time for him to sell off the majority of his shares; he is an innovator and should be concentrating on developing new ideas, not in running businesses. It is not easy to be an Accountant and a creative developer and once he is becoming more of an accountant, then it is time to move on.