Hey Jer…..Joe K electric vehicles much?
Hey Jer…..Joe K electric vehicles much?
ΜΟΛΩΝ ΛΑΒΕ
My Feedback
Only Tier 1.
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
And these 2 post should be 1 more reason to close this thread. It's become another circle jerk of can too, can not.
Now here's something the daughter told me. CA is paying up to 75% of the sticker price on the new polaris EV utv's WITH you trading in a ICE off road unit. Do the search yourself as i'm not gonna make it that easy.
Hint: under some CA clean air site.
The Great Kazoo's Feedback
"when you're happy you enjoy the melody but, when you're broken you understand the lyrics".
Dumpster Fire
https://www.zerohedge.com/news/2019-...e-call-details
14 . Always carry a change of underwear.
Fantastic!
"There are no finger prints under water."
But wait, there's more
https://www.zerohedge.com/news/2019-...-musk-end-road
Whompy Wheel: https://www.flickr.com/photos/136377...7658490111523/...
In the past week, we have learned that;
yet another Tesla has lost a wheel due to ?Whompy Wheel? (google it). ?Whompy Wheel? is a well-documented fatal Tesla flaw with dozens of occurrences, caused by poorly engineered suspensions (they?ve paid hush money to victims so they?re complicit) where wheels fall off Teslas during normal driving, leading to multiple fatal crashes. After the car crashed, the driver was burned alive due to faulty door handles that wouldn?t open once power was down (friends really shouldn?t let friends drive these deathmobiles)
The SEC is holding Elon Musk in contempt for blatant disregard of the prior settlement agreement. I suspect Musk is ultimately pushed out of the company as a result. At the very least, they cannot raise capital until this is settled. The longer the standoff lasts; the more likely it is that the market realizes that vehicle demand has died and the business is imploding?not exactly a good thing when your valuation is as stretched as Tesla?s is
Tesla is closing most stores and service centers to save money, yet severance and lease termination will likely be larger than Tesla?s current liquidity balance. Such a move should be done in bankruptcy and in all my years, I have not seen a bankruptcy/non-bankruptcy announcement such as this (without any DIP even secured!!)
Tesla is dramatically reducing vehicle prices to push faulty legacy inventory on consumers in a last ditch cash grab. Tesla?s cash needs are so extreme that they?re doing this despite trying to simultaneously sell a higher priced version into Europe where many buyers will simply return the car (under EU law) and accept a cheaper version, which will likely lead to negative margins on most vehicles sold this year
Tesla is functionally bankrupt and the Q1 ending cash balance (not adjusted for quarter-end lipstick) will likely be less than $2 billion and possibly as low as $1 billion
Tesla?s GC has looked at some piece of information and left the company, despite coming from a firm that specializes in white collar criminal defense. We don?t yet know what was so repugnant that he left, but it had to be rather awful as they?ve also lost their entire accounting team twice in the past year.
That all happened this week!!!
...
Last edited by davsel; 03-01-2019 at 16:37.
Someone has to pay for the lowered model 3 price...
https://electrek.co/2019/03/02/tesla...on-layoff/amp/
They may not be worse. However they are showing they may not be viable.
https://www.yahoo.com/finance/news/t...--finance.html
End of article
"They'd tell us the focus of the company is the Model 3," said one former seller, who left the company in January. "The Model 3 has to be successful or there's no company.
The Great Kazoo's Feedback
"when you're happy you enjoy the melody but, when you're broken you understand the lyrics".
https://www.zerohedge.com/news/2019-...n-without-elon
Going back to the shark analogy, when revenue inflects negatively, these accruals will catch up with Tesla quite rapidly. Watch monthly vehicle sales. January was awful. February was worse. They just fired all the sales people?how can March be any better? Tesla is imploding. It?s over and it will soon become obvious to everyone. Before, as a short, you had to use logic against a well-orchestrated stock promote complete with highly manipulated numbers. They can?t fake the numbers as revenue declines and they can?t promote the stock with only bad news coming. I added even more puts and put spreads this Friday.
The Gigafraud is about to detonate!!!