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Old 09-30-2020, 09:44 AM   #3121
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Yeah, if you believe some of the things posted in this thread, it's a Dead Company Walking for the last 4 years.
Well, Elon has done well taking government grants and shareholder money, but still missing the boat on GAAP profits, lol.
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Old 09-30-2020, 10:17 AM   #3122
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Yeah, if you believe some of the things posted in this thread, it's a Dead Company Walking for the last 4 years.
Only a fool thought Tesla was ever actually going to die, as that was always extremely unlikely. It was only a matter of valuation, which remains disconnected from reality, like cults often do. Tesla was never going out of business, even when it's true value was zero. It was/is being driven by government mandates that aren't going anywhere and it has a cult-like fanboy base. Stupid to ever bet against that.
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Old 09-30-2020, 10:19 AM   #3123
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Well, Elon has done well taking government grants and shareholder money, but still missing the boat on GAAP profits, lol.
Or anything remotely resembling positive cash flow return on investment.
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Old 09-30-2020, 11:02 AM   #3124
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Or anything remotely resembling positive cash flow return on investment.
Minor details, minor details. As long as the US government is backing solar/electric/alternative energy it's not going out of business.
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Old 09-30-2020, 05:08 PM   #3125
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To be accurate, subsidies go all around

Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year

Ford took $6B government loan in 2009 — and debt still haunts company


U.S. government says it lost $11.2 billion on GM bailout

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Old 09-30-2020, 05:39 PM   #3126
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Yup. However, most of the big auto companies also have long records of very profitable years. To be fair, if Tesla posts some actual GAAP profit for a couple years, my mind will change.
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Old 09-30-2020, 06:44 PM   #3127
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Yup. However, most of the big auto companies also have long records of very profitable years. To be fair, if Tesla posts some actual GAAP profit for a couple years, my mind will change.
Sure, but for those who dont know the history, Henry Ford went bankrupt 2 times and many people though the Model T was a ridiculous idea before he succeeded.
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Old 10-01-2020, 06:29 AM   #3128
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we will see another boost for tesla on the commercial side with their big rig coming out. theres one that shows up all the time at their "secret" building in sunnyvale
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Old 10-01-2020, 07:13 AM   #3129
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we will see another boost for tesla on the commercial side with their big rig coming out. theres one that shows up all the time at their "secret" building in sunnyvale
Maybe. Right now there aren't enough recharge stations in the US to even begin to make electric trucks profitable, except on a few runs.
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Old 10-01-2020, 07:25 AM   #3130
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Yup. However, most of the big auto companies also have long records of very profitable years. To be fair, if Tesla posts some actual GAAP profit for a couple years, my mind will change.
The company is still building, there are a ton of upfront costs to starting anything that involves a lot of manufacturing.

They're still in the expansion phase, so I'm surprised that some on here are looking for actual profits at this stage.

You use what's available to keep going forward, the profits will come later if you have a sound model.

Right?
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Old 10-01-2020, 07:41 AM   #3131
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Maybe. Right now there aren't enough recharge stations in the US to even begin to make electric trucks profitable, except on a few runs.
i think my company bought the first 400 off the line but thats just hearsay. i dont see it working out with the range and time deadlines.
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Old 10-02-2020, 12:15 PM   #3132
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For other EVs, watched VW's ID4 (coming to the US) and ID3 (not coming to the US). These models should make a splash and help get VW out of its diesel scandal debt.

One comparison:

youtu.be/qkwfha_FrdI


In other news, Tesla dropped good Q3 delivery results today.

youtu.be/tKfDrS4vE9E

Last edited by Killroy1999; 10-02-2020 at 12:18 PM..
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Old 10-02-2020, 01:23 PM   #3133
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After buying my Volt, I am pretty sure my next commuter car will be 100% electric.

Judging from photos alone, I'd get the Chevy Bolt instead of the Tesla Model 3.
lol, looks like I am 100% fail because I am looking at Ford Raptors now.
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Old 10-02-2020, 01:46 PM   #3134
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Originally Posted by Killroy1999 View Post
For other EVs, watched VW's ID4 (coming to the US) and ID3 (not coming to the US). These models should make a splash and help get VW out of its diesel scandal debt.

One comparison:

youtu.be/qkwfha_FrdI


In other news, Tesla dropped good Q3 delivery results today.

youtu.be/tKfDrS4vE9E
Those Home Depot runs have been paying off.
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Old 10-02-2020, 01:46 PM   #3135
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Well, Elon has done well taking government grants and shareholder money, but still missing the boat on GAAP profits, lol.
Tesla's valuation reminds me of the dot com boom. Lot's of promising tech, loads of capital to bring a product to market, optimistic production and sales figures and falls short of generating a profit. Those of us old enough to remember, knows what comes next.
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