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Tesla Motors (TSLA -3.3%) CEO Elon Musk concedes the next six months are "crucial" for the...
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Tuesday, August 14, 2012, 11:26 AM ETTesla Motors (TSLA -3.3%) CEO Elon Musk concedes the next six months are "crucial" for the automaker as it scales up production to meet expectations. The typically highly-optimistic exec becomes a bit more grounded with his statement that if the company doesn't become cash flow positive it will join the graveyard of car company startups.
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When was the last? DeLorean?
Except governments of course (I know they aren't technically "companies")...they can run cash flow negative as long as they want!
If anything major comes up and they need to recall the companies future is bleak. Which would suck... my mom bought one (to be delivered in January 2013). She is pumped for it and I can't wait to give it a test myself.
Not sure why they didn't just sign on with some major dealer though to sell them through... They have to open their own stores and depend on online sales (which actually is becoming more common as there has been an increase in people who buy cars without test driving ((Crazy I know....))). It seemed silly to me.
Do you know what will be the price for loading the Tesla Battery for driving 100 Km.?
old gas bill = 1865miles/24mpg * 3.86$/gal(my average for july) =$300
- elec bill = $100
savings = $200/month, not bad and actually inline with the other EV threads government estimates.
of course, that's assuming that one's "old" vehicle actually gets 24mpg, for comparison to the Model S (luxury), a Mercedes E 350 3.5L V6 will average 24mpg ($53K), diesel S 350 BlueTec Diesel 32mpg ($93K).
All these issues will be clarified favorably in the next 90 days or my 116 Dec calls will expire worthless----
Hoping they will not but Tesla can raise any amount of money they wish so his comments have to be taken with a grain of salt-----
jack mc ginnis
On the other hand: as brokers/traders return from vacation the market stabilizes; the market normally rises going into the holiday season; gas prices increase momentarily near the beginning of the school year; Europe's debt problems will smooth over; Musk must be confident in Tesla's ability to become cash flow positive to so plainly state the facts as he has; Tesla has consistently under promised and over delivered; Tesla is big on taking their time to get it right, thereby ensuring the greatest chance of success; one would be hard pressed to find a negative comment regarding the Model S (from someone who actually drives one.)
There is no doubt that Rockefeller's "oil leach descendants" will exploit even the smallest sliver of opportunity to turn public opinion against electric cars. They will also, as with Chevron's control of battery production via its patent, deter as much as possible, this industries advance. The Election will surely influence the stock price, but exactly how is hard to tell before it happens.
This is a common mantra of Tesla supporters that is far from the truth.
The 160 mile version of the Model S is a significant disappointment: its anticipated acceleration caused devotees to moan when the real numbers came out, it can't be fast charged, and won't be delivered for a long time.
The highly publicized June 22 delivery of the Model S was a sham; a Potemkin village like show with little substance. In the more than a month since then, very few Model S have been built and only about a dozen supposedly delivered. We hear now about going slow to get it right; something that was mocked as unnecessary because of Tesla's superior insight and capabilities.
In the last two weeks very strange comments have come from Elon Musk and Tesla. First there was the strange "assurance" that Musk would remain CEO for at least a few more years. That comment certainly shouldn't reassure any Tesla investors. Then Musk made known his interest in building an electric airplane that would travel two to three times faster than current airliners and be solar powered. Then the claim that we can have colonies on Mars within twenty years. So, Musk's interests are being split among many items some of which are near lunacy. Finally, of course, there is today's comments about the critical nature of the ramping up of Model S production.
If you're not short a healthy amount of stock then you are a fraud----