Safer Buying a Yugo

[Weatherman2020]

Elon Musk’s late-night announcement to raise prices and reopen some stores.

“Collapsing sales and more senior staff departures suggest a company in disarray.”
Ya think?


The reason for the volte-face was not spelled out, but it paints a potentially worrying picture of corporate governance at the electric car OEM. Last week, The Wall Street Journal reported that most of Tesla’s retail landlords had been given no notice as to the termination of leases, many of which had no cancellation clauses, thus exposing the company to a host of potential lawsuits.

What is clear is that Tesla sales in 2019 have been disastrous. InsideEVs, a publication close to Tesla, tracks US electric vehicle deliveries, and, according to its numbers, January and February deliveries were down by around 80 percent compared to the months leading up. Although Tesla said it would concentrate on making up volume in Europe and China, neither of those markets appear able to take up the US’ slack.

 

[SassyIrishLass]

It's difficult to understand how Tesla can be trading in the 200 range. Waaaay overvalued

 

[Crepitus]

I thought you conservitards we're all about big corporate successes?

 

[Weatherman2020]

It's difficult to understand how Tesla can be trading in the 200 range. Waaaay overvalued

I would be shocked if they exist a year from now.

 

[Weatherman2020]

I thought you conservitards we're all about big corporate successes?

We don’t need no stinky flaming sparky cars.

 

[Sunni Man]

Tesla's are going to sell for pennies on the dollar in a few years when battery replacement time is looming, and the owners find out the cost to replace them will cost around $20 grand or more. ...

 

[SassyIrishLass]

I thought you conservitards we're all about big corporate successes?

Tesla wouldn't exist without government subsidies.

You're flaming another thread you're clueless about. You should stop, Its old and annoying

 

[CarlinAnnArbor]

I thought you conservitards we're all about big corporate successes?

Can you libtards ever have an original thought?

 

[SassyIrishLass]

Tesla's are going to sell for pennies on the dollar in a few years when battery replacement time is looming, and the owners find out the cost to replace them will cost around $20 grand or more. ...

Some may find out sooner since the whistle blower leaked Tesla was installing punctured batteries in new cars

 

[SassyIrishLass]

I thought you conservitards we're all about big corporate successes?

Can you libtards ever have an original thought?

No

 

[Crepitus]

I thought you conservitards we're all about big corporate successes?

We don’t need no stinky flaming sparky cars.

Lol, you're a hypocrite. You don't like it because it's supposed to be "green".

 

[Cellblock2429]

I thought you conservitards we're all about big corporate successes?

/——-/ I thought you libtards were all about corporate failures. BTW your post was a statement not a question, no need for a ?

 

[Crepitus]

I thought you conservitards we're all about big corporate successes?

Tesla wouldn't exist without government subsidies.

You're flaming another thread you're clueless about. You should stop, Its old and annoying

There are almost no companies that would exist without government subsidy at this point.

 

[Crepitus]

I thought you conservitards we're all about big corporate successes?

/——-/ I thought you libtards were all about corporate failures. BTW your post was a statement not a question, no need for a ?

That's a regularly used literary technique. Read a book once in a while ok?

 

[Cellblock2429]

I thought you conservitards we're all about big corporate successes?

/——-/ I thought you libtards were all about corporate failures. BTW your post was a statement not a question, no need for a ?

That's a regularly used literary technique. Read a book once in a while ok?

/——/ No it’s not. It’s a common mistake. BTW I’m a published author.

 

[Maxdeath]

I get why some think that electric cars are a good thing. The problem is they have no understanding as to the real environmental cost nor the real economic cost involved. They see only that the car itself does not burn fuel.

They don't do the research to understand that the mining of all the metals in the car, the pieces for the batteries is hardly environmentally friendly. The electricity is still created by nuclear, coal or natural gas. Eventually the batteries must be replaced at $15-$20,000.00 dollars. Those are then not environmentally friendly. The added drain by an electric vehicle is putting more on an aging electric grid. It is requiring more power plants to be brought on line. While it is nice to think that in a rosey and unicorn world all the newer power plants are and are going to be renwable it is not reality.

We could go into the many other aspects such as shipping, oil production for plastics, oil production for lubrication and all the other environmental niceties. But it basically allows them to feel they are doing their part to save an environment. Even while deluding themselves by not knowing the real costs.

Musk and others know the best idea right now is jump on the fears for the environment before anyone learns better.

 

[DGS49]

I am very surprised at a drop in sales. The virtues of the cars are unchanged. They are still fast, economical, comfortable, stylish. and have just about all the electronic wizardry that their gas-fueled competitors are relying on to attract customers. And I've heard nothing about mechanical or electrical problems turning off new buyers.

The $20k figure for replacing the batteries is nonsense. By the time they need replacement (which is still speculative), the cost will be within reason. It will be factored in the used car value and life will go on.

Closing the retail stores was such an obvious mistake that that alone might give one pause: the company is being run by an idiot. NO SANE PERSON would buy a car for fifty large (or more) without a dealership within easy driving distance. To think that they can simply close them with no market reaction...unbelievable.

Within a few months, it will be clearer where the company is headed. For now, I'd slow down on writing the obituary.

 

[BlackFlag]

Elon Musk’s late-night announcement to raise prices and reopen some stores.

“Collapsing sales and more senior staff departures suggest a company in disarray.”
Ya think?


The reason for the volte-face was not spelled out, but it paints a potentially worrying picture of corporate governance at the electric car OEM. Last week, The Wall Street Journal reported that most of Tesla’s retail landlords had been given no notice as to the termination of leases, many of which had no cancellation clauses, thus exposing the company to a host of potential lawsuits.

What is clear is that Tesla sales in 2019 have been disastrous. InsideEVs, a publication close to Tesla, tracks US electric vehicle deliveries, and, according to its numbers, January and February deliveries were down by around 80 percent compared to the months leading up. Although Tesla said it would concentrate on making up volume in Europe and China, neither of those markets appear able to take up the US’ slack.

How many jobs did GM just kill again?

 

[skookerasbil]

Nobody wants EV's........growth rate is 1% over the last 5 years. Only rich people are buying them. What more do you need to know? I mean c'mon now.......Ford sold more Focus sedans/hatchbacks than all EV sales COMBINED last year!

 

[Rustic]

I thought you conservitards we're all about big corporate successes?

You have to have a good product first… Tesla is not a good product