Hedge it.....because there is no tesla without taxpayer dollars. the battery move is solely because it is another avenue into the public taxpayer trough. It can go away with one sensible chief executive of the country.....
Exactly. In fact I think this is the one thing that is never talked about by any Green Scm/Musk lovers. How much am I getting for my 3 year old EV Tesla on a trade in for a new audi A8? I mean, who wants a 4 year old EV car?
When your right your right. bingo!! they got it positive on zero volume using the 'magic' earnings now as the next support before they dilute it by 10% with new stock. SCAM. SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM
There is virtually no market for this thing outside of California and the solar loons. The pack has a 48hr. max life when used vs. a generator for a 3rd of that cost that can run for weeks. It is classic Musk. hold the price up so he can sell 2 billion worth of stock and not take our 177 when it happens. Scam.
Incentives that is code for taxpayer $.......the entire Green Scam sector is run on taxpayer $. no government cheese no companies. None. zero. nada. they would all be bankrupt in 9 months. this after close to 1 trillion now and counting......that's special.
And does it matter since it isn't their money-it is the taxpayers$. California accounts for 75% of all of SCTY revenues.....it isn't a coincidence that Cali is also the highest cost for energy in the mainland. Always count on Libs to screw something up forever....
Look how he has played this thing since the last earnings miss. He tweets on a Sunday just as the stock is sitting on long term support after missing every metric in a quarter. the news is held for 7 days to put a bid under the stock . that sells off after the event because there is no there there. Next up-Batteries!! We have to wait 10 days for this announcement which again holds the stock up and now we have earnings Wednesday. Meanwhile, nothing he has announced will add $% in new sales anytime soon and they are burning 125 to 150 million a month in cash. Worst of all-IT IS OUR TAXPAYER CASH!!!!!
The only thing that has changed is even some of the analysts are now commenting on how Tsla and Musk are nothing but a carnival show. Miss-direction, slight of hand, and dealing from the bottom of the deck . Why not/? they have two willing accomplices. Wall Street and Obama.
Obama will make sure the trillion a year coming into the Green Scam sector will continue and Wall Street will support the stock long enough to issue another 3 billion of new shares and make a cool 300 to 400 million.
The earnings coming up will be horrendous imho. which is exactly why they came out with this battery story before earnings-to try and take the pressure off. they need big time cash and they need to hold this up for as long as possible. Wouldn't shock me to see this stock close up today despite selling all day at 10 to 1 on a dollar value.
Scam of epic proportion..........
Don't confuse them with facts they just spin for hours if you do. got to believe earnings are going to be down right horrendous which is why Team Musk decided to put this out now. He got the stock up 40 dollars between the rang anxiety and battery announcements. Only question is how much cash does he have left and how big is the nex stock issuance because this thing is blowing through 1 billion a year.
That is just gas from all the #$%$ coming out of this scam....
So another commodity low margin product that currently has people like GE, Samsung, Panasonic and about 10 others already making it. but at least those guys are using their own money and not taxpayers money and California loons to force it on us.
Musk told us what we all knew; solar and Green is ineffective because it is intermittent-there are times there is no energy. and the only way to make it even close to fossils is to find a storage option -and they all "suck".
so here is a "car' company losing 1 billion a year and now he is going to make batteries that still suck. they just look prettier.
Pull the plug on this scam and save us all billions.......
Watch wha the tesla loons say next: GE to buy tesla. Same thing happened at fslr for 2 years. By the way, fslr just lost about 200 mill for the quarter, Nice.
As a taxpayer I am waiting on the bill since nothing green runs on its own. Another "amazing" potential to try to get 3 billion more from somebody. 90% of all green anything is in California. Why? Because the Left Loon windbags got elected by 5 million citizens from Mexico and they are forcing it on the rest of the taxpaying citizens. The result? CA has the highest energy prices on the mainland and it is not even close.
Elon the Scam.
-that has been the trick they use to get the stock higher after their regular misses. All Green is a scam funded by tax dollars and supported by Libs trying to take over the energy sector and turn it into the teachers unions.
yeah, it is basically : "I know we just missed again but you are not going to believe what is going to happen next!" This company, like all GreenScam, is a lie built on smoke an mirrors and a Justice Dept. who will never investigate anything they say or do.
Look @ Tesla, you now have elon Tweeting things over the weekend that have nothing to do with anything and the stock goes up-and when the real news hits it sells of but nobody does anything because it is GreenScam and Elon has lunch with The King @ The White House palace every 4 months. He know King Obama the Last will never stop the 500 billion a year being funneled into GreenScam.
And yet somehow the government is now larger then all of the S+P 500 companies combined-TIMES FIVE!!!!!!!!!!! and they are not the problem? We have spent 20 trillion on welfare and subsidies for the poor over the last 40 years-and the poverty % is exactly the same.
What the Left never wants you to focus on is exactly how completely useless anything government is and always has been. In every country. In every time and age, countries that grow their government larger then 20% of the economy fail. every time. Obama has taken it from 18.9 to 23.5% -a 35% increase in the size and scope of government. This is why we have the slowest recovery in our entire history.
Looks like the battery news is how much of it qualifies for more taxpayer $. it never ends.....so it is time to place your bets: does Tesla announce tonight another 3 billion of new stock dilution or do they wait until Friday after the market closes.
wonder if elon will tweet that.......
Apparently more then 20 trillion since that is how much we have spent since 1968 on welfare programs.....
As you know, my dear people, the last year for me has been an #$%$ horribilus. The Royal House of Clinton has been tormented by questions about our handling of finances and subjected to tiresome questions about the tragic events in Benghazi–in the furthest regions of our empire. And, sadly, also questions about my Royal e-mails.
Nevertheless, I will not be daunted in my desire and commitment to serve you the people. For the next seventeen months I will be traveling among you as one of you, to listen to your deepest longings and needs. I will be with you in your Wal-Mart and beside you in your Burger Kings. I will drive with you down the busy interstate highways of our land sharing your poverty and needs with you.
How well I remember the days when the Duke of Arkansas and I were impoverished. After we were expelled from our Washington Palace we hardly had two mansions to rub together. We were so poor we had to remove thousands of dollars of china, flatware, carpets and gifts from the Washington Palace just to survive. Now, happily, benefactors from around our empire have given just enough for us to scrape by.
During those difficult times we had to cut back when our daughter was married. We only had three million dollars to spend on her wedding and I remember our hopes as she moved into her $10 million Manhattan apartment that one day she would be able to move on from that humble abode to something more fitting. So as I travel across our land to meet you all, I will be listening and sharing with you. Then when the time for the royal election comes I know you will crown me as your rightful monarch so that we can all live happily ever after.
Ah yes, the Party of the people who care and now have 35% of their subjects left to the government to live and if necessary, riot in the streets to get the rest of the stuff they need.
Thomas Jefferson would be so proud of his party.......