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Thread: Elon Musk, what is the catch?

  1. #21
    auringon syy & syy Harkonnen's Avatar
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    https://www.breakingthenews.net/tesl...tails/46425384

    Tesla Inc. is cutting its workforce by 7% as part of its cost-cutting efforts aimed at selling Model 3 sedan at a lower price, the Wall Street Journal reported on Friday citing a memo written by CEO Elon Musk to his employees. Meanwhile, the company's shares were down almost 4.5% during premarket trading and following the news report.
    "Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months," Musk stated in the memo. "Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model 3 at $35k and still be a viable company," he pointed out.

    Quote Originally Posted by Elon Musk
    Sorry for all these numbers, but I want to make sure that you know all the facts and figures and understand that the road ahead is very difficult
    Quote Originally Posted by Veslan View Post
    Could be Mongoloid or Cro-Magnon influence.
    Quote Originally Posted by Marmara View Post
    I agree with reneissance12, we are superior people.

  2. #22
    auringon syy & syy Harkonnen's Avatar
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    Toyota is developing hydrogen fuel cells

    http://www.thedrive.com/tech/26050/e...-corolla-costs
    Quote Originally Posted by Veslan View Post
    Could be Mongoloid or Cro-Magnon influence.
    Quote Originally Posted by Marmara View Post
    I agree with reneissance12, we are superior people.

  3. #23
    auringon syy & syy Harkonnen's Avatar
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    One more option for propulsion. Soletair is making fuel from carbon and hydrogen

    https://www.sciencedaily.com/release...0808182423.htm

    Jamie Hyneman opened the first test factory in Lappeenranta, so this must be good

    Quote Originally Posted by Veslan View Post
    Could be Mongoloid or Cro-Magnon influence.
    Quote Originally Posted by Marmara View Post
    I agree with reneissance12, we are superior people.

  4. #24
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    Elon Musk's cult of personality.......

    People are fooled by him as well as the name 'Tesla'. If it says 'Tesla' then it must be good and valuable, right? Because Elon Musk is a good guy and Nikola Tesla was a well-known innovator. What Musk is good at is publicity and that is where the buck stops.

    Whatever Tesla manufactures and will manufacture is overpriced, whether it's a car or nail clipper.

  5. #25
    auringon syy & syy Harkonnen's Avatar
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    Quote Originally Posted by slink12 View Post
    That's how business works. You are taking loans and have loses at the beginning, but the potential value which you bring to the world is valued higher comparing to the actual value. I am pretty much sure that his company taking cash loans in order to cover all the expenses. These loans are taking from financial institutions or from the board.
    It looks like I'm answering to bloody bot but anyway

    In recent weeks, Tesla's communications style seem to have changed considerably. In the course of weeks, we have been moving from really high flying to well-behaved and official style. The measures are what would be expected when the cash situation begins to be critical.

    The situation can be anything and anything can happen, but likely scenario is:

    - Musk has lost Tesla's control to a significant extent. Decisions are practically dictated by another party, such as the largest creditors or law firm.

    - Some sort of reorganization is going to happen, probably Chapter 11 or Chapter 7. Fastest this could happend is whithin month, slowest before midsummer.

    - In a positive scenario, Ch 11 or Ch 7 is going to be avoided with help of a group of investors who are going to give a large loan package under strict conditions.
    Quote Originally Posted by Veslan View Post
    Could be Mongoloid or Cro-Magnon influence.
    Quote Originally Posted by Marmara View Post
    I agree with reneissance12, we are superior people.

  6. #26
    Veteran Member Arsen_'s Avatar
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    Quote Originally Posted by Harkonnen View Post
    In the stock markets , Tesla is the most valued (expensive) car company, and it just makes no logical sense.
    Once upon a time, dinosaurs were masters of the whole Earth, and mammals dragged out a miserable existence, but now the world is not as used to be! You can see Tesla as mammals in the age of dinosaurs.


  7. #27
    auringon syy & syy Harkonnen's Avatar
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    Quote Originally Posted by Arsen_ View Post
    Once upon a time, dinosaurs were masters of the whole Earth, and mammals dragged out a miserable existence, but now the world is not as used to be! You can see Tesla as mammals in the age of dinosaurs.
    We shall be spotting for that meteorite.

    Quote Originally Posted by Veslan View Post
    Could be Mongoloid or Cro-Magnon influence.
    Quote Originally Posted by Marmara View Post
    I agree with reneissance12, we are superior people.

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