Tesla's Shares Drop 15%

The green energy bubble.

The Department of Energy loaned Tesla $465 million in March in part to develop its second electric car, the Model S sedan. The car is due to market in 2012. Driscoll said he doesn't expect the company to report a profit or positive earnings before interest, taxes, depreciation and amortization until 2013.



Read more: Tesla's stock falls after sell limits are lifted
 
The green energy bubble.

The Department of Energy loaned Tesla $465 million in March in part to develop its second electric car, the Model S sedan. The car is due to market in 2012. Driscoll said he doesn't expect the company to report a profit or positive earnings before interest, taxes, depreciation and amortization until 2013.



Read more: Tesla's stock falls after sell limits are lifted

When Tesla formally announced the Model S Sedan last June, the MSRP bandied was about $60,000 for the all-electric sedan. In its newsletter today, Tesla has confirmed that the "anticipated base price" for the Model S will be $57,400. With a federal tax credit of $7,500 available, however, the Model S should cost just $49,900.​
We gave Tesla almost half a billion dollars to develop a luxury sedan? WTF?!
 
Lithium is rare, Oil is not, why an electric car, what will the price of a battery be if we use all the Lithium for people in Los Angeles to commute to work three hours a day. It would be a better idea to create affordable, desirable high rise apartments where the jobs are.

Government regulations and mandates create all problems.
 
When Tesla formally announced the Model S Sedan last June, the MSRP bandied was about $60,000 for the all-electric sedan. In its newsletter today, Tesla has confirmed that the "anticipated base price" for the Model S will be $57,400. With a federal tax credit of $7,500 available, however, the Model S should cost just $49,900.​
We gave Tesla almost half a billion dollars to develop a luxury sedan? WTF?!


Why taxpayers should be subsidizing a luxury car company is beyond all logic and decency.
 
The green energy bubble.

The Department of Energy loaned Tesla $465 million in March in part to develop its second electric car, the Model S sedan. The car is due to market in 2012. Driscoll said he doesn't expect the company to report a profit or positive earnings before interest, taxes, depreciation and amortization until 2013.



Read more: Tesla's stock falls after sell limits are lifted

When Tesla formally announced the Model S Sedan last June, the MSRP bandied was about $60,000 for the all-electric sedan. In its newsletter today, Tesla has confirmed that the "anticipated base price" for the Model S will be $57,400. With a federal tax credit of $7,500 available, however, the Model S should cost just $49,900.​
We gave Tesla almost half a billion dollars to develop a luxury sedan? WTF?!

this was to enable the evil rich to show off their eco. awareness, while they were bashed for being the evil rich.....who would buy a "toy" elect. car for kicks.
 
Follow the money, and the Big Government Cronyism becomes crystal clear:

Independently, entrepreneur Elon Musk had been developing a business strategy to commercialize electric vehicles on a far broader scale, starting with a premium sports car aimed at "early adopters" and then moving as rapidly as possible into more mainstream vehicles, including sedans and compacts.[32] After his first meeting with Eberhard and Tarpenning, Musk took an active role within the company and oversaw Roadster product design;[33] in fact, Eberhard acknowledged that Musk was the person who insisted from the beginning on a carbon fiber body, and he led design of components ranging from the power electronics module to the headlamps and other styling cues.[34] In addition to his daily operational roles, Musk also became the lead investor, funding the vast majority of the Series A capital investment round of US$7.5 million with personal funds. Musk also became Tesla's Chairman of the Board, recruited JB Straubel to become chief technology officer and greatly expanded Tesla's long-term strategic sales goals to mainstream vehicles to be developed after a sports car.[35] Musk received the Global Green 2006 product design award for his design of the Tesla Roadster, presented by Mikhail Gorbachev,[36] and he received the 2007 Index Design award for his design of the Tesla Roadster.[37]

Musk's Series A round included Compass Technology Partners and SDL Ventures, as well as many private investors. Musk later led Tesla Motors' Series B, US$13 million, investment round which added Valor Equity Partners to the funding team. Musk co-led the third, US$40 million round in May 2006 along with Technology Partners. Tesla's third round included investment from prominent entrepreneurs including Google co-founders Sergey Brin & Larry Page, former eBay President Jeff Skoll, Hyatt heir Nick Pritzker and added the VC firms Draper Fisher Jurvetson, Capricorn Management and The Bay Area Equity Fund managed by JPMorgan Chase.[38] The fourth round in May 2007 added another US$45 million and brought the total investments to over US$105 million through private financing.

In December 2007, Ze'ev Drori became the CEO and President of Tesla Motors. In January 2008, Tesla Motors fired several key personnel who had been involved from the inception after a performance review by the new CEO.[39] According to Musk, Tesla was forced to reduce the company workforce by about 10 percent to lower its burn rate, which was out of control in 2007.[40]

The fifth round in February 2008 added another US$40 million. Musk had contributed US$70 million of his own money to the company by this time.[41] In October 2008, Musk succeeded Ze'ev Drori as CEO. Drori became Vice Chairman. He left the company in December. By January 2009, Tesla had raised US$187 million and delivered 147 cars.[40][42]

On May 19, 2009, Germany's Daimler AG, maker of Mercedes, acquired an equity stake of less than 10 percent of Tesla for a reported US$50 million.[43] In July 2009, Daimler announced that Abu Dhabi's Aabar Investments bought 40 percent of Daimler's interest in Tesla.[44]

In June 2009 Tesla was approved to receive US$465 million in interest-bearing loans from the United States Department of Energy. The funding, part of an US$8 billion program for advanced vehicle technologies (Advanced Technology Vehicles Manufacturing Loan Program), supports engineering and production of the Model S sedan, as well as the development of powertrain technology that Tesla plans to sell to other automakers.[45] The low-interest loans are not related to the "bailout" funds that GM and Chrysler have received, nor are they related to the 2009 economic stimulus package. The Department of Energy loan program was created in 2007 during the George Bush administration in order to get more fuel-efficient vehicle options to U.S. consumers and to decrease the country's dependence on foreign oil.[46]


Tesla Motors - Wikipedia, the free encyclopedia


This is yet another case of Big Money being derisked by taxpayers, making a killing, and then leaving the taxpayers and retail investors holding the bag.
 
Um..it might be because several major car companies are now manufacturing electric cars.

what is the list price for the car BEFORE rebate?

?

This thread is about the dip in Tesla's stock. I pointed out that major car companies manufacturing the same product might have a little to do with that.

Cottage industries..don't do to well once the majors get involved.

I think Tesla might survive if they cater to a niche market.
 
Follow the money, and the Big Government Cronyism becomes crystal clear:

Independently, entrepreneur Elon Musk had been developing a business strategy to commercialize electric vehicles on a far broader scale, starting with a premium sports car aimed at "early adopters" and then moving as rapidly as possible into more mainstream vehicles, including sedans and compacts.[32] After his first meeting with Eberhard and Tarpenning, Musk took an active role within the company and oversaw Roadster product design;[33] in fact, Eberhard acknowledged that Musk was the person who insisted from the beginning on a carbon fiber body, and he led design of components ranging from the power electronics module to the headlamps and other styling cues.[34] In addition to his daily operational roles, Musk also became the lead investor, funding the vast majority of the Series A capital investment round of US$7.5 million with personal funds. Musk also became Tesla's Chairman of the Board, recruited JB Straubel to become chief technology officer and greatly expanded Tesla's long-term strategic sales goals to mainstream vehicles to be developed after a sports car.[35] Musk received the Global Green 2006 product design award for his design of the Tesla Roadster, presented by Mikhail Gorbachev,[36] and he received the 2007 Index Design award for his design of the Tesla Roadster.[37]

Musk's Series A round included Compass Technology Partners and SDL Ventures, as well as many private investors. Musk later led Tesla Motors' Series B, US$13 million, investment round which added Valor Equity Partners to the funding team. Musk co-led the third, US$40 million round in May 2006 along with Technology Partners. Tesla's third round included investment from prominent entrepreneurs including Google co-founders Sergey Brin & Larry Page, former eBay President Jeff Skoll, Hyatt heir Nick Pritzker and added the VC firms Draper Fisher Jurvetson, Capricorn Management and The Bay Area Equity Fund managed by JPMorgan Chase.[38] The fourth round in May 2007 added another US$45 million and brought the total investments to over US$105 million through private financing.

In December 2007, Ze'ev Drori became the CEO and President of Tesla Motors. In January 2008, Tesla Motors fired several key personnel who had been involved from the inception after a performance review by the new CEO.[39] According to Musk, Tesla was forced to reduce the company workforce by about 10 percent to lower its burn rate, which was out of control in 2007.[40]

The fifth round in February 2008 added another US$40 million. Musk had contributed US$70 million of his own money to the company by this time.[41] In October 2008, Musk succeeded Ze'ev Drori as CEO. Drori became Vice Chairman. He left the company in December. By January 2009, Tesla had raised US$187 million and delivered 147 cars.[40][42]

On May 19, 2009, Germany's Daimler AG, maker of Mercedes, acquired an equity stake of less than 10 percent of Tesla for a reported US$50 million.[43] In July 2009, Daimler announced that Abu Dhabi's Aabar Investments bought 40 percent of Daimler's interest in Tesla.[44]

In June 2009 Tesla was approved to receive US$465 million in interest-bearing loans from the United States Department of Energy. The funding, part of an US$8 billion program for advanced vehicle technologies (Advanced Technology Vehicles Manufacturing Loan Program), supports engineering and production of the Model S sedan, as well as the development of powertrain technology that Tesla plans to sell to other automakers.[45] The low-interest loans are not related to the "bailout" funds that GM and Chrysler have received, nor are they related to the 2009 economic stimulus package. The Department of Energy loan program was created in 2007 during the George Bush administration in order to get more fuel-efficient vehicle options to U.S. consumers and to decrease the country's dependence on foreign oil.[46]


Tesla Motors - Wikipedia, the free encyclopedia


This is yet another case of Big Money being derisked by taxpayers, making a killing, and then leaving the taxpayers and retail investors holding the bag.

didn't Daimler have some type of connection to....Chrysler? :eusa_think:
 
Um..it might be because several major car companies are now manufacturing electric cars.

what is the list price for the car BEFORE rebate?

?
This thread is about the dip in Tesla's stock. I pointed out that major car companies manufacturing the same product might have a little to do with that.

because the option was lifted.

Cottage industries..don't do to well once the majors get involved.

so WHY are we in this?
I think Tesla might survive if they cater to a niche market.

WHY are YOU and I financing a niche luxury car market?
 
Last I heard Tesla had a long waiting list for their products.
but their stock prices was inflated like most stock prices right now.
 
If Tesla had a waiting list, then why did they need taxpayer subsidized rebates?
 
WHY are YOU and I financing a niche luxury car market?

For the same reason that we finance a whole lot of high tech R&D via the military budget. The bottom line is that an all electric auto fleet IS the best option on the horizon provided we can overcome the technology to develop good batteries.

And a $60K electric auto isn't nearly the luxury vehicle that a gasoline powered auto is because the electric vehicle will cost less than half as much to operate. You pay more in advance for electric vehicles and then you save $10-20K over the life of the vehicle in fuel and service costs.

And of course the hope is that financing the upfront costs for development will result in a less expensive product once the economies of scale begin to pay dividends.

Electric autos as faster, safer, take up less room on the road and in parking spaces, are more reliable, require less service, don't pollute at all in operation, and essentially run on any kind of energy that can be used to generate electricity, including energy collected at the point of use from wind and water etc (which is twice as efficient as centralized power production).

It is the ideal platform if we can overcome onboard storage issues.
 
WHY are YOU and I financing a niche luxury car market?

For the same reason that we finance a whole lot of high tech R&D via the military budget. The bottom line is that an all electric auto fleet IS the best option on the horizon provided we can overcome the technology to develop good batteries.

And a $60K electric auto isn't nearly the luxury vehicle that a gasoline powered auto is because the electric vehicle will cost less than half as much to operate. You pay more in advance for electric vehicles and then you save $10-20K over the life of the vehicle in fuel and service costs.

And of course the hope is that financing the upfront costs for development will result in a less expensive product once the economies of scale begin to pay dividends.

Electric autos as faster, safer, take up less room on the road and in parking spaces, are more reliable, require less service, don't pollute at all in operation, and essentially run on any kind of energy that can be used to generate electricity, including energy collected at the point of use from wind and water etc (which is twice as efficient as centralized power production).

It is the ideal platform if we can overcome onboard storage issues.

We also finance lots of tech and pharma R&D.

It's amazing how this is missed.
 
If Tesla had a waiting list, then why did they need taxpayer subsidized rebates?

Because they could get them?

Just becuase they have a waiting list for their product doesn not mean they are flush with operating capitol. They get paid for their product when the product is sold.


why did the finiancial sector need a bailout? They still had plenty of customers.
 
Americans dont want electric cars..........check any poll. Why? They're gay........only limpwristers would be caught dead driving a fcukking SMARTCAR.
I pull up next to SMARTCAR guys all the time in my 'Stang and point at the asshole and laugh my ass off. Mostly, I get the finger............because these people are ALL miserable and they know it and they're trying to "matter" in life by driving a statement car. Laughable..............of course, they see lots of smoke and tailights when I pull away waving as I go!!!:eusa_dance::eusa_dance:
 
Americans dont want electric cars..........check any poll. Why? They're gay........only limpwristers would be caught dead driving a fcukking SMARTCAR.
I pull up next to SMARTCAR guys all the time in my 'Stang and point at the asshole and laugh my ass off. Mostly, I get the finger............because these people are ALL miserable and they know it and they're trying to "matter" in life by driving a statement car. Laughable..............of course, they see lots of smoke and tailights when I pull away waving as I go!!!:eusa_dance::eusa_dance:

Nobody wants them..and yet you seem to find them.

Anyone else see the irony in this?:lol:
 

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