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Jaybro
Social climber
Wolf City, Wyoming
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Aug 26, 2018 - 05:59pm PT
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This guy is fascinating! I wish him well.
A Karma ( a competing e car) ad appeared at the top of the page.
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Reilly
Mountain climber
The Other Monrovia- CA
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Aug 28, 2018 - 01:08pm PT
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Reuters:
With a debt load of about $10.5 billion and the possibility of an impending cash shortfall, Wall Street expects the luxury electric carmaker may need to raise funds before long.
Tesla Chief Executive Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion take-private deal, abandoning an idea that stunned investors and may draw regulatory scrutiny.
None of that has done anything to help it with a looming issue: cash.
Tesla, which has had just one quarter of positive free cash flow since the fourth quarter of 2013, has $1.3 billion in debt coming due in the next 12 months. Meanwhile it has just $1.3 billion of cash on hand after backing out $942 million of customer deposits on cars.
With analysts forecasting a slowed, but continued, cash burn in the second half of 2018, Tesla may need to borrow up to $2 billion by the end of the year to stay afloat.
In response to a request for comment, a Tesla representative referred to Musk’s statement on the company’s second-quarter earnings call when he said the company planned to pay its convertible debt with internally generated cash flow.
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“internally generated cash flow“? That sounds like ‘magic cash flow’.
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fear
Ice climber
hartford, ct
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Aug 28, 2018 - 01:33pm PT
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They pass around a basket at the next company meeting.
Done.
Sigh... sadly I've been at startups that have done that. Tough times.
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fear
Ice climber
hartford, ct
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Aug 29, 2018 - 07:55am PT
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What I don't get is it would seem some people are expecting Honda/Toyota reliability and support....
It would seem to be more akin to an exotic to me. It's going to break, and when it does it'll be very expensive and difficult, if not impossible in some cases.
Someone I work with was complaining about his new 3. Little stuff and strange electronic gremlins... I really think he expected an Accord (which has 30+ years of evolution behind it).
They are neat and if you've got the $$$ great, but know you'll be beta-testing an exotic.
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WBraun
climber
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Aug 29, 2018 - 08:08am PT
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The guy doing his own repairs on the Tesla is smart.
But doesn't have a good background on repairing automotive electrical connections.
He was using the worst garbage to splice some wires together which will definitely cause him some
troubleshooting headaches down the line when corrosion sets in on those horrible connectors he was using.
It's much better to solder those connections or use heat shrink crimp terminals.
Soldering is the best and most reliable in areas where exposure to the elements is, especially where moisture can enter ......
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August West
Trad climber
Where the wind blows strange
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Aug 29, 2018 - 11:10am PT
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What I don't get is it would seem some people are expecting Honda/Toyota reliability and support....
It would seem to be more akin to an exotic to me. It's going to break, and when it does it'll be very expensive and difficult, if not impossible in some cases...
They are neat and if you've got the $$$ great, but know you'll be beta-testing an exotic.
Not being reliable was doable for a luxury sports car. But a lot of people have pointed out that customer expectations in the $35,000 to $50,000 range are a lot different.
Both the reliability in the first place and, when something does go wrong on a newish car, that you can take it into to the dealer and have it promptly fixed.
We will see how model 3 reliability intersects with Tesla's customer's expectations.
Maybe the cult of Elon Musk will carry them through. But I'm not betting on that.
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Reilly
Mountain climber
The Other Monrovia- CA
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Mercedes shows off its new electrics and Tesla tanks - down just shy of 5% today to 289.
Right about 10% for the last 5 days.
The shorts are breathless with anticipation. Not a peep from Elon in like a week.
Has his matron muzzled him?
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Reilly
Mountain climber
The Other Monrovia- CA
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So that explains why Kanuckian Immigration gives me such a hard time!
I guess I need to stop pretending that I like it?
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MikeL
Social climber
Southern Arizona
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Tooth,
Er, . . . where is the “About Us” at that website (insideevs.com)? Who’s talking?
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tooth
Trad climber
B.C.
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Irrelevant bro. Those are simply numbers. Those numbers are as reported by each car mfg company. Any other source that reports numbers as reported by the mfg has the same. This aggregator has a pleasant layout. No alternative facts as you Americans salivate over.
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MikeL
Social climber
Southern Arizona
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You're not answering the question, tooth.
Who is responsible for the website? Who made it?
It's a valid research (hermeneutics) question. Am I supposed to check every data point? To what extent can I rely upon the people / person who gathers the data?
Most of us don't have a great deal of trust for websites that don't identify themselves.
I've made this complaint to you in an earlier post upthread. You seem to have a tendency to find websites that don't identify themselves, or you present data without sources.
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MikeL
Social climber
Southern Arizona
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BTW, tooth,
I used to teach at your best business school there (Ivey--UWO). Canadians have a tendency to call foul quickly when international competitors get the better of them, and they have a identifiable tendency to call its government for help when competition gets tough.
You're nice people, but competitively you're soft in international competitive environments. Sorry.
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tooth
Trad climber
B.C.
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And despite my business and statistics degrees/education from the US, which teach that you need to verify info regardless of the source, don’t trust anything. Remember that to be a dentist you have to take years of science degrees, learn how to read research, do research yourself and that includes statistics, and after years of that you don’t care about reputation or who the person is. The only thing that matters is the numbers or outcome. OTOH, you resort to generalized character attacks instead of admitting that the numbers are verifyibly true. Not a smart argument there kiddo!
I love how you didn’t like or want to verify the numbers so you attacked the character of Canadians! 👏 bravo!
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tooth
Trad climber
B.C.
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The problem with hero worship or totally relying on what the people you approve tell you is that nobody is correct 100% of the time so when they are wrong, you are a fool.
Luckily for you, statistics are the easiest facts to verify so the last thing an educated person would attack with straw man or character attack arguments.
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Reilly
Mountain climber
The Other Monrovia- CA
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So yer not going to answer Mike’s polite question?
They don’t come much more polite than him.
SAN FRANCISCO (Reuters) - Tesla's (TSLA.O) stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.
Elon is coming seriously unhinged. I fail to see his value to TSLA.
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tooth
Trad climber
B.C.
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His polite question is a veiled passive aggressive argument in an attempt to discredit the numbers. He can post the about us part himself, tell people why he doesn’t like them and tell people why he then doesn’t like the numbers all by himself if he wants - it would look silly but at least it would simplify things. It’s an excercise in futility as the message is independent of the messenger - numbers straight from manufacturers.
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Reilly
Mountain climber
The Other Monrovia- CA
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Well, those numbers are history. The bottom line numbers are what count and those are growing more ominous by the day. How can Tesla compete with Jaguar, Audi, and Mercedes? Those guys make money, Tesla bleeds cash. It ain’t a matter of ‘If’.
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tooth
Trad climber
B.C.
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Numbers count. Show me anyone making money on electric cars. Chevy doesn’t on the Bolt. Heck, show me one non-compliance BEV sold by an American company. Also, driving the new jag beside a Tesla means the Tesla will go 50% further down the road before needing to recharge. And then they can. On the supercharger network. What can Jaguar do??And so then , how are they really a competitor yet? Don’t get me wrong, I would love to see all cars electric as I have one if each and the gasser never gets used now. But the hopes and dreams of people who talk about Tesla killers are just as far off as $tsla is or Musks tweets have been!
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