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Tesla makes bid for Solar City. No one wants Solar City, it had a flawed business model and the other big names are eating it's lunch...breakfast and dinner too.
Tesla's battery factory, a joke. Nothing is going on over there. Literally nothing. There are the PR shots but not much else.
Tesla's cars are outdated and look like it. Musk is saying Tesla will need billions to refresh and update. No kidding.
The Tesla scam won't hit until after the elections but then watch out. Another Solyndra.
The whole Solar City battery thing? A flop. No one wants it because no one needs it. As big utilities keep diving in deeper and deeper into solar, the need for anyone to buy Solar City batteries is just a pipe dream. Leasing panels? Another flop business model.
Who in their right mind would buy a house with an existing lease to Solar City when you can just make the previous owner eat it and then get new, better panels installed and own them?
E-Cars and solar for the house are worthy ideas but Tesla and Solar City aren't the companies to do it. They have sucked untold millions out of the government to put up a facade of progress (all of it courtesy of you the taxpayer) and haven't innovated anything. All their patents are nothing more than rehashes of what they got from NASA and other government entities
All this solar this and that makes no difference, in the end the same utility companies that run energy now will run all solar production as well and the benefit to the consumer will be zilch.
Global warming? That is the least concern. Look around, the massive human migrations are doing more to damage the environment than any fumes coming from the tail pipe of cars. Entire populations are migrating, you think any of them care about global warming?
Sorry to break it to you, but it is well after the election now, and Tesla is doing very well- wildly successful, in fact. People are buying their cars like crazy, and they have an enormous backlog of cars to build.
Sorry to break it to you, but it is well after the election now, and Tesla is doing very well- wildly successful, in fact. People are buying their cars like crazy, and they have an enormous backlog of cars to build.
If only they knew how to, you know...... make a profit.
If only they knew how to, you know...... make a profit.
Making a profit is not a requirement for a company that is experiencing rapid growth, because they simply reinvest all of the money back into the company for expansion and r&d. I am pretty sure none of the more successful tech startups make any profit until they mature and stop their rapid growth stage. Look at Amazon, Amazon never made a profit until very recent either, and it is one of the biggest and most valuable companies out there.
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Originally Posted by PacoMartin
Somebody please correct me if I am wrong, but that sounds like a terrible deal!
For 37,000kWh at $5500 that means it costs $0.149 per kWh to run power through this battery. Even if you get your energy for free (a ridiculous assumption) and you don't consider the installation cost (~$1500) the price of $0.149 per kWh s higher than most people pay an electric company in the USA (except for a few expensive places like Hawaii).
So if you can't even fill it up and empty it for less than you pay an electric utility, how would it save you money in any realistic scenario?
Just because you cannot come up with use case for a battery for an average American, that doesn't mean its a terrible deal. No one said the average suburban Joe must buy the PowerWall. Of course it doesn't make sense for the average American. The use cases for PowerWall are very niche (e.g. people who do not have access to electric grid, humanitarian missions in Africa, people who live in apartments and cannot run a fossil fuel generator..). It is a niche product that is manufactured in very small quantities, with the hope of getting cheaper and more widely available after multiple iterations and improvements in tech and cost.
If only they knew how to, you know...... make a profit.
This is a huge part of our problem. NASA was a huge drain on revenue BUT we developed a ton of new ideas and products from it.
Not everything has to be about some set profit. What is wrong with simply breaking even while developing a new idea and business?
Musk doesn't need the salary. People are going to get paid. Others are going to get a product they have wanted for a long time (and others have ignored). The idea that there must immediately be a growing profit is everything that is wrong. People used to invest for the long term. Now they demand instant satisfaction and riches.
The stock market thinks Tesla knows what they are doing. It has a market capitalization of $48 Billion.
I hope so. Wall Street pored money into many things in search of the very last dollar until they soured on them because riches did not come fast enough.
I hope so. Wall Street pored money into many things in search of the very last dollar until they soured on them because riches did not come fast enough.
New ventures are measured by the successes not the failures. If one in one hundred new ventures succeeds, that is a benefit.
Sorry to break it to you, but it is well after the election now, and Tesla is doing very well- wildly successful, in fact. People are buying their cars like crazy, and they have an enormous backlog of cars to build.
Tesla is losing money every quarter. The company is not generating enough revenue. Tesla is only "successful" because people are purchasing its stock which gives it the illusion of being successful.
Tesla is losing money every quarter. The company is not generating enough revenue. Tesla is only "successful" because people are purchasing its stock which gives it the illusion of being successful.
Why do you think the smart money is purchasing Tesla stock?
The stock market thinks Tesla knows what they are doing. It has a market capitalization of $48 Billion.
The stock market has often thought companies know what they are doing; good thing the US gov is there to bail it out.
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Originally Posted by Jobster
Tesla is losing money every quarter. The company is not generating enough revenue. Tesla is only "successful" because people are purchasing its stock which gives it the illusion of being successful.
People are investing in Tesla. Invest $100 now for $1000 in the near future. It is a bet, a gamble, that is all. Also, just because a company makes a profit does not mean that much, that is just one factor out of many in an investment decision.
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