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Old 07-05-2018, 09:45 PM
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Exclamation Is TESLA Automotive about to collapse?

Interesting article.

I like TESLA cars but have no desire to buy one. I think they are interesting and fast, but the limited range is why I'd not have one. I also don't buy the narrative that they are "green" or economical in any real way.

That said I've always been very skeptical of the company. Eliminate the government subsidies, eliminate the hype, and is there actually a sound corporation?

https://www.zerohedge.com/news/2018-...es-are-fleeing

See the link above for graphics that explain a lot of the story Here is just a portion of the story.
Quote:
Is This Why Tesla Executives Are Fleeing?


I originally started following Tesla as I felt it was a structurally unprofitable business nearing a cash crunch as hundreds of competing products were about to enter the market.

As I’ve studied Tesla more closely, I’ve come to realize that Elon Musk appears to be running a Ponzi Scheme disguised as an auto-manufacturer; where he has to keep unveiling new products, many of which will never come to market, in order to raise new capital (equity/debt/customer deposits) to keep the scheme alive. The question has always been; when will Tesla collapse?

As part of my research on Tesla, I decided to read Bad Blood by John Carreyrou, the journalist who first uncovered the Theranos fraud. It is the story of how Elizabeth Holmes created Theranos and then lurched between publicity events in order to raise additional capital and keep the fraud going, despite the fact that the technology did not work. The key lesson from Theranos for determining when a fraud will implode is that there are always idiots willing to put fresh money into a well marketed fraud - so you need a catalyst for when the funding dries up.

The other salient fact was that most senior employees actually knew that something wasn’t quite right, but feared losing their jobs or getting sued if they did anything about it. . .
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Old 07-05-2018, 10:42 PM
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Default Re: Is TESLA Automotive about to collapse?

No interest here in EV's whatsoever. I'm a gas and oil guy. Always have been and will be till the day I die.

I love fossil fuels.

As for Tesla, meh, after his 'I am a Socialist statement', Musk can go suck woodpecker eggs.
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