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Tesla Motors--highest safety rating; American made
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Topic Started: Dec 25 2013, 01:23 AM (597 Views)
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Brewster
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Dec 25 2013, 05:39 AM
Post #11
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Fire & Ice Senior Diplomat
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If you can't argue with success, you can always make up a conspiracy theory. Right Neut?
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Neutral
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Dec 25 2013, 05:42 AM
Post #12
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Fire & Ice Senior Diplomat
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You show how low info you are again Brew. Tesla gets $34.7 million tax break to boost production
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Mountainrivers
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Dec 25 2013, 05:52 AM
Post #13
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- Dec 25 2013, 05:42 AM
"The state estimates that with the new purchases, Tesla will add 112 permanent jobs. And by increasing employment and, presumably, car sales, the authority predicts that California will take in more than enough additional tax revenue to make up for the exemption. A report by the authority’s staff predicts a $24.4 million net benefit to the state."
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Neutral
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Dec 25 2013, 05:54 AM
Post #14
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Fire & Ice Senior Diplomat
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Did you fail basic math? 34.7 - 24.4 = ???
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Neutral
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Dec 25 2013, 06:06 AM
Post #15
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Brew is thinking, I wonder if he'll get it right. LOL Read closely now Brew.
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Brewster
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Dec 25 2013, 06:06 AM
Post #16
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Poor Neut, reading comprehension problems again...
The $24.4 Mil is a NET BENEFIT - that means after the original $34.7 Mil is paid off.
I feel so privileged to be on this board with Bertie and Neut - living examples of The Dunning–Kruger effect.
Edited by Brewster, Dec 25 2013, 06:08 AM.
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Neutral
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Dec 25 2013, 06:07 AM
Post #17
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Fire & Ice Senior Diplomat
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Congrats but it took you a long time to figure. LOL
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Pat
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Dec 25 2013, 06:12 AM
Post #18
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- Mountainrivers
- Dec 25 2013, 02:12 AM
- Mountainrivers
- Dec 25 2013, 02:08 AM
- Pat
- Dec 25 2013, 01:56 AM
- Mountainrivers
- Dec 25 2013, 01:38 AM
- Pat
- Dec 25 2013, 01:23 AM
One of my better investments was buying into Tesla when it was under $9 a share. It wasn't any genius on my part but rather a gut feeling that they had something good going on there. When it went over $20 a share, Jim (the idiot) Cramer was warning how over priced the company was.  That was about three years ago. Now watch it pass $200 a share this coming year as it rebounds from some negative news about fires. I bet not many here are aware that Tesla was the thorn in the GM's heads side that prompted him to give the green light for the Volt. I would never sell the founder of Tesla short, if he is entering a new venture it would be wise to invest in it for the long haul. They are now producing 550 cars a week with just over 5,500 for the last. The plant has capacity for many times this number and the infrastructure is all in place. Car fires may have raised concerns about the safety of Tesla Motors Inc. (NASDAQ: TSLA) cars. However, the National Highway Traffic Safety Administration (NHTSA) does not believe the problem is great enough to strip the electric auto manufacturer of its coveted five-star safety rating -- a sign that the government has not let the engine fire problem change its opinion about its original evaluation of the Tesla S model. According to Tesla: The National Highway Traffic Safety Administration (NHTSA) has reaffirmed the 5-star safety rating of the Tesla Model S overall and in all subcategories for Model Year 2014, confirming the highest safety rating in America. While Tesla is awaiting feedback from NHTSA regarding their investigation of recent fire incidents, the German Federal Motor Transport Authority, Kraftfahrt-Bundesamt (KBA), recently concluded its review of the incidents, finding no manufacturer-related defects or need for further action. It is worth noting that a Tesla vehicle is over five times less likely to experience a fire than the average gasoline car and that there have been zero serious injuries or deaths for any reason ever, fire or otherwise, in a Model S. Over the course of more than 100 million miles driven in almost every possible terrain, weather and crash conditions, the Tesla Model S has consistently protected its driver and passengers, achieving the best safety track record of any car on the road. The news should help the turnaround of America's hottest car company, the image of which has been hurt by these reports of engine fires. Tesla's shares have dropped from a 52-week high of $194.50 to just above $143. Tesla needs to quickly escape the negative perception of its flagship car because, although the company's name has become a household word, the firm is still very small and financially vulnerable, and it sells very few cars. In its third-quarter earnings release, the company reported: We are now producing 550 cars per week with improved process controls which consistently result in high quality cars. Consequently, we finished the quarter with a record of slightly over 5,500 deliveries, including over 1,000 deliveries to European customers. Tesla's total revenue for the period was only $431 million, and the company had a net loss of $38 million. Tesla may have won a number of awards that hail it as the world's best car, but its car fire problems have not ended. However, the NHTSA rating should be a step toward restoring its previously sterling brand.
I hope Tesla succeeds, but it has a market cap of 17.3 billion dollars at its current price and lost 38 million this year. That's a huge PE ratio. GM is hot on Tesla's heels with several electric models that will compete with the Tesla at half the cost. If i had bought it at $9, I would be thinking about selling it.
I told it at $21. I have no doubt that GM would be nipping at Tesla's heels, it has the advantage of momentum from being saved by the taxpayers, had nature taken it's course it would be a reminder of what happened in history when a company lost it's way. But don't sell Tesla or it's founder short, the guy is a certifiable genius and is cutting out a niche in the auto market. Historically, the market that Tesla is focused on is very profitable. Their real competition is not GM or Ford, it's BMW and Mercedes. Once Tesla begins experiencing economy to scale will be when they really take off., GM can gamble, take huge loses on each auto made for years, with the comfort of knowing that the government will bail them out. Evidence of that is Chrysler which failed twice and was bailed out twice. Tesla won't be too big to fail for years if ever, plus it doesn't have unions demanding it's survival. Tesla is doing it the old fashioned way.
GM is planning a Cadillac electric that will compete with the higher end Teslas at over $100,000. GM is again profitable and Tesla isn't. I think it will be years before Tesla is as profitable as GM. Is this Tesla price a bubble? If Tesla had no competition, I would be crazy not to buy into it, but all the manufacturers are developing electrics and they will eat into the potential market that Tesla has now. That 200 mile battery will be available to all players in the electric market very soon. At half the price, if GM puts that battery in the Volt, it will be a very small niche market for Tesla, imo.
Tesla didn't do it without government assistance either, btw. This is good news, but dissing GM for government assistance is hypocritical under the circumstances. "Tesla, the maker of electric cars, paid off a $465 million loan on Wednesday that the Energy Department made in 2010. The repayment is a lift to the Obama administration, whose clean-energy loan programs faced criticism after the collapse of Solyndra, the solar panel maker. The company, using money it raised last week in the markets, is repaying the government nine years before its loan was due. Source Yes, a LOAN which was paid back. Your point being?
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Brewster
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Dec 25 2013, 06:14 AM
Post #19
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Poor Pat -in total denial - seems to be a lot of it going around...
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Pat
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Dec 25 2013, 06:15 AM
Post #20
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OK, you guys convinced me, I'm calling Tesla's home office on Thursday and telling them that the guys at the board believe the company is a failure and to shutter the doors and fold.
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