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Tesla Motors (TSLA -3.3%) CEO Elon Musk concedes the next six months are "crucial" for the...

Tesla 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.
Comments (22)
  • spald_fr
    , contributor
    Comments (2705) | Send Message
     
    [ . . . it will join the graveyard of car company startups.]

     

    When was the last? DeLorean?
    14 Aug 2012, 11:33 AM Reply Like
  • bbor55
    , contributor
    Comments (152) | Send Message
     
    Fisker is all but there.
    14 Aug 2012, 03:03 PM Reply Like
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    Well... any company that doesn't eventually become cash flow positive eventually goes to the graveyard.

     

    Except governments of course (I know they aren't technically "companies")...they can run cash flow negative as long as they want!
    14 Aug 2012, 11:35 AM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    For the moment the governments don't go to the graveyard. Gaves a support from 25.m $ to GM.
    14 Aug 2012, 11:45 AM Reply Like
  • george.otty@yahoo.ca
    , contributor
    Comments (59) | Send Message
     
    Well, 6 months ago I bought a Nissan Leaf and I'm very happy with it and it's never let me down. If the Tesla Model S (base 40kwh battery) had been available, even though slightly more expensive, I would have bought it instead for the extra pickup and slightly more distance and, frankly, looks way cooler. They need to get it to the market and it's got to not be failing after people buy it. We saw what happened to the reputation of the Chevy Volt after a couple "fires". Tesla needs it's product to perform as advertised and not cause it's owners any problems.
    14 Aug 2012, 11:48 AM Reply Like
  • wigit5
    , contributor
    Comments (3968) | Send Message
     
    I think that is what is slowing down production, they are listening to feedback from people who have already received theirs and are trying to make changes on the fly to fix the issues.

     

    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.
    14 Aug 2012, 12:18 PM Reply Like
  • Scootger
    , contributor
    Comments (228) | Send Message
     
    TSLA was fun for a few quarters after the IPO, just another pet rock scam. He is spending all his time making space ships....SHORT this company to a buck....ya heard'
    14 Aug 2012, 12:07 PM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    For the moment I have to pay 1,60 € for a liter full with consumation 10,3 L on 100 Km. for my SAAB.
    Do you know what will be the price for loading the Tesla Battery for driving 100 Km.?
    14 Aug 2012, 12:10 PM Reply Like
  • george.otty@yahoo.ca
    , contributor
    Comments (59) | Send Message
     
    Without doing any calculations at all, I can quickly give you my real-life experience with the lesser-powered but somewhat comparable Leaf. I drive an average of 3,000km (1865 miles) per month (to/from work, kids sports events every weekend and a couple nights per week, shopping, etc). My electric bill went up approximately $90 (lets say $100 so we don't quibble) per month. My gasoline bill dropped to 0.00 (zero). My round trip to work is around 120km (say 75 miles) per day. Round numbers only, I realize.
    14 Aug 2012, 03:13 PM Reply Like
  • berylrb
    , contributor
    Comments (2179) | Send Message
     
    so basically you are saving:
    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).
    14 Aug 2012, 05:25 PM Reply Like
  • george.otty@yahoo.ca
    , contributor
    Comments (59) | Send Message
     
    Actually, my "old" vehicle, as fun as it was, was a 4 door Jeep unlimited (Wrangler) that was brutal on gas mileage so my savings were far greater. Of course, more logical thinkers would muse that I could have bought almost any new car and realized a gasoline cost savings but that would preclude the emotional thought process that causes one to buy an overly-expensive electric vehicle.
    15 Aug 2012, 09:45 AM Reply Like
  • pat1000
    , contributor
    Comments (460) | Send Message
     
    I read that in "Wall st cheat sheet yesterday"----also Tesla's short position grew by 2 million in the last 2 weeks----and Elon has to report for Jury duty for what he says concerns a gangland murder case----

     

    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-----
    14 Aug 2012, 12:17 PM Reply Like
  • jack118
    , contributor
    Comments (2) | Send Message
     
    I am 80 years old and long in TSLA, If It's to the grave yard we'll go together.
    jack mc ginnis
    14 Aug 2012, 02:10 PM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    I also with my 79 years old
    14 Aug 2012, 02:21 PM Reply Like
  • joseph.huang
    , contributor
    Comment (1) | Send Message
     
    Tesla will come through. They've done once with the Roadster and they can do it again and do it better with S.
    14 Aug 2012, 03:42 PM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    I Hopethat you are right Joseph.
    14 Aug 2012, 04:58 PM Reply Like
  • david1965
    , contributor
    Comments (3) | Send Message
     
    If you are a buy low sell high trader, the next few weeks will be a good time to buy. Several things are converging: The market in general is normally down and volatile this time of year while traders/brokers are on vacation; The debt problems in Europe are flaring up;Tesla is in a do or die situation as far as the public is concerned; Musk, in a break from his always upbeat comments acknowledged publicly the possibility of Tesla entering the "graveyard;" gas prices, as usual for this time of year, are low.
    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.
    14 Aug 2012, 05:47 PM Reply Like
  • Goeleven
    , contributor
    Comments (629) | Send Message
     
    I bought already Tesla stocks!
    14 Aug 2012, 06:35 PM Reply Like
  • Zelaza
    , contributor
    Comments (629) | Send Message
     
    "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 ..."
    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.
    14 Aug 2012, 06:50 PM Reply Like
  • pat1000
    , contributor
    Comments (460) | Send Message
     
    If I believed what you seem to believe I sure would be short a lot of stock------
    If you're not short a healthy amount of stock then you are a fraud----
    14 Aug 2012, 10:45 PM Reply Like
  • george.otty@yahoo.ca
    , contributor
    Comments (59) | Send Message
     
    I can only imagine your ancestors were likely proclaiming at some point that man will never fly and thoughts that they would were sheer lunacy as well.
    15 Aug 2012, 09:50 AM Reply Like
  • mearlyn
    , contributor
    Comment (1) | Send Message
     
    I have just bought 100 shares for my new Grandchild.... based, I must say, on not selling for 21 years!
    17 Aug 2012, 06:14 AM Reply Like
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