Per their own estimates they will burn through 2.5 billion of cash in 12 months. Given they have never even been close to correct on this they will be out of cash by next Memorial day-again. Question is-will there be a president still willing to bank roll the scam with credits?
Again the best way to show the corruption from the highest levels on all Green Scam is the lack of lawsuits. these companies miss number after number after number. they literally lie 3 months before earnings then completely miss every metric and not one lawsuit comes from anybody. why? because all lawyers know: sue Green Scam and deal with Obama's goons. After 1 trillion of taxpayer$ he can not let the cat out of the bag ....yet.
Is that like "we wil be cash flow positive in 2016" E-Musk 12/15. Then just 3 weeks ago-"We will not be cash flow positive for the next 2 years". Everything Green is a lie and a hoax designed to get taxpayer $
Great. Another 3 billion for millionaires who vote Dem. Just like Musk and every one of his promises-all Left wing policies are lies. Every one.
This is blatant manipulation and what makes this really bad is it is with our tax dollars. Worldwide over 127 Green companies have gone toes up with over 1 trillion of taxpayer $ down the drain. All for a religion ( and tax scheme) called global warming. Take away the tax freebies and there is not one Green Scam company-NOT ONE-who would survive 9 months. In the mean time. a coal company in business for 90 years and employing over 15K people goes belly up-because King Obama said t should happen. Either we end this corruption or we deserve what we get. the same fate of every country that has gone down the road of The Left-total, complete destruction.
Sometime next week another upgrade-probably Morgan
Musk will tweet something about battery packs
Another smaller firm will upgrade
Musk will tweet something about Model x fix
Stock issuance for 3.5 billion.
Justice Dept will investigate Exxon for denying global warming.........
Do not doubt it for a second-King musk asked for this upgrade to save the move down to 185 before the secondary. King musk has nothing to worry about with this Justice Dept. he can say or do anything. Now, there apparently is one thing that could shut it down-If Musk does not provide a Tran-sexual bathroom that would be curtains. however, paying people 5 bucks an hour is not even a story today. if Walmart did that the Justice dept would investigate and the NY Times would do a 90 expose on the entire thing.......and blame it on Trump.
Pay no attention to the 300 mill a year goldman is making off of underwriting and warehouse loans to Tesla and SCTY.
Yeah and we will be cash flow positive in 2016-wrong
We will deliver 18K cars in 1st quarter -wrong
Head of Production leaves
Hea d of technology leaves
All because they can not stand to make that much money.
This is an annuity for goldman Sachs between the constant issuance of shares here and the warehouse loans for leases at SCTY. And Goldman knows Musk can say anything and there will not be one investigation or class action lawsuits. Period.
Musk needs at least 3.5 billion by the end of June. GS and everybody lining up for the 200 million in fees will do everything they can to get this above 220 before the offering. Just like everything Green it is a scam using taxpayer dollars.
It is Green so all rules do not apply. Ever notice that Tesla can miss any metric by huge amounts and not one law firm craws out from under the rug to sue? If Walmart misses sales by more then 299K a quarter the Firm of Sue'em ,Screw"em and Glue"em shows up with a 50 million $ class action. Not Tesla. Musk literally 6 months ago said 2016 would be cash flow positive-big time. On earnings day he releases a letter say "Never Mind" as he announces a cash flow drain of 3 billion for the next 18 months. Nothing. Not a peep. Obama has delivered the word: Sue Green and be audited for the next 4 generations. The way the Left is-either play along or be pounded into the ground. I think they call it fairness.........
who is paying the 14k? Let me guess: oil and gas tax, destroy coal and a 4K per car tax on any car with more then 4 cylinders. And then in 4 years the Left will say " the people are clearly moving on their own to Green" Libs=100% failure Find a way to short your province-it is a 100% winner. .
Not even close. as mentioned by other posts. Gm does make electric cars -BECAUSE THEY WERE FORCED TO BY THE CAFE STANDARDS SET BY KING OBAMA. You need to get this; Obama raised the average fuel economy for the fleet each company manufactures. this is a pure average not by the number of models sold but just the average of all the models. so, easiest way to 'meet' the average-make an electric car and a hybrid then hope like hell nobody buys one because they lose thousands. this allows the companies to make what people actually want and they make money on every vehicle they sell-SUV"s!!!!!!!! and pick ups !!!!!!!! Clasic Liberalism, saddle the company with a average they can not meet and make money-force a product that nobody wants then claim victory.
"from lack of demand" love that statement. That means without the freebies and mandates there would be a sign on the front door of all Green scam " closed by popular demand".........that is the only REAL demand out there for this #$%$.
SCTy and Tesla just turned a 90 day report where between the two they burned through almost 800 million dollars. In 90 Days!!!!!!!!! Both companies will not be cash flow positive for at least 2 more years!!!!! and both are reviving huge $ from taxpayers and producing a overpriced noncompetitive product.
We have spent 16 trillion ion Welfare programs since 1964. the poverty rate has improves.001%. Obamacare sold as a 10 year cost above revenues of 980 billion (the exact cost of the war) real cost-now at 2.9 trillion and growing. And finally, I was told as a child we would be out of oil by 2010 and entering a global ice age (1969 prediction in my Weekly Reader). Instead, we now have a 600 year supply of oil and gas-it is now global warming, and the National debt is up 7000%.
Tesla is a scam funded by California. Ever wonder why Musk does not let anybody know where his orders come from? because 85% is California just like all Green scam.
In recent election poll when asked to name the top 20 concerns for voters # 19 Global Warming...uh coolling... uh climate change. # 20 gay marriage. Number 3-The Growing cost of Health care under Obamacare.
Liberalism = Failure every time it is forced on the public.
No not thanks to wind-thanks to government run Liberals forcing renewable on the people and punishing any fossil feuls. Understand this Lefty's-without government programs from obama et el-THERE IS NOT ONE GREEN SCAM COMPANY ALIVE FOR 9 MONTHS FROM THE DAY THE PLUG IS PULLED. After 8 years and close to 400 billion in taxpayer freebies-there is not one company that could live 9 months on their own.
but, we do have Tranny bathrooms, gay marriage and 10 trillion of new debt in 7 years....so we got something for it.
Because no law firm that ever wants to stay in business would dare sue Green Scam while Obama is President. they all got the word-sue Green Scam and expect an audit for the next 7 years.......