I stand corrected. Sorry. I guess the Governance Committed is not concerned about additonal conflicts of interest with SCTY. What's one more interlocking officer or director? The SEC might view things differently if inter-company transactions ever become more than nominal.
In the mid-60's as a co-op, I visited GM's test track in Warren, MI. In one large building there were 12 models that been driven 50,000 miles and then disassembled part by part for inspection. I don't remember precisely but think the 12 included a few of their competitors new models. It was the first year of the Cadillac Eldorado, a FWD car, which had worn through four sets of front tires in the 50,000 miles. I suspect all high volume auto manufacturers operate similar testing facilities
The exchange (that you do not want to engage in) was initiated by your gratuitous offering of feelings in an OT thread that Obama is best for the job and has done the right things. I see from Tie (the real)'s post that the board's resident psychotic and pathological hater of Dubya has weighed in. He is always anxious to label anyone who dares say anything negative about Obama's destructive policies or divisive tactics as a white supremacist racist. At least the innuendo of your Duke reference is more subtle. The two of you should get together--you might have more in common than the John Walker interview
The economy was in cyclical downturn when BHO took office but was not "waiting to collapse." BHO’s policy of forcing government intervention in all aspects of our lives while interfering with normal market self-correcting mechanisms has made the situation worse. The “recovery” is the most anemic in decades and an ever larger portion of the population have given up on trying to become contributing members of our society and prefer to subsist on governmental welfare programs. Moreover, BHO and his lackeys have assured the next downturn in the economic cycle will be more severe, longer lasting and more difficult to recover from by creating huge deficits, increases in the national debt and printing so many dollars while decreasing interest rates. His policies have exhausted those forms of economic stimulus to near their practical limits and made no effort to restore them to levels that would be beneficial in the next downturn.
This country is becoming increasingly polarized. The difference between BHO and his three immediate predecessors in the office is they demonstrated, despite policy differences, both the ability and willingness to work with the other party for the good of the country. None of them viewed demographic segments or differences as something that should be intentionally exploited as a political weapon to enhance their own stature .
I’m not optimistic that this country will ever fully recover from the “right things.”
OK, comrade. If your feelings are so sacrosanct , keep them to yourself and neither I nor anyone else will "define or interpret" them . Yes, fools lack common sense. The clown took months and months to decide whether to act once OBL's location was unequivocally verified by a courageous physician who remains incarcerated for his assistance to this country. The raid was authorized by the clown only after his Svengali of Iranian descent decided there might be more political risk in continuing to do nothing than even in a failed raid. OBL was located less than 2 years after the clown took office, most of the effective detective work occurred during the prior administration who supported their investigations and other covert operations rather than impeding them if not trying to prosecute them like the current cadre of incompetents and czars.
The clown is quick to grab credit for successes he has very little to do with, yet loathe to accept responsibility for disasters caused largely by his inability to lead. Where was clown nearly a year and a half later on 9/11/12 when four brave Americans were slaughtered in Benghazi?? Those two courageous ex-Seals fought for hours expecting help to arrive at any moment, yet not a single offensive asset was ever deployed. Where was your great "hunter" and what was he doing for all those hours? The clown's clueless appointee, Shrillary, had to go Congress (of all places) to find out "what possible difference" her incompetence could have made in the deaths of those four people under her charge. I think Darth Vader and "we don't know what we don't know." stood up for rather than demeaned our principles and values. I suspect Putin, the ayatollahs, Kim Jong-un, and similar leaders of this country's enemies prefer the clown's style of apologizing for what this country has stood for.
" I did support Obama…personally I thought he did the right things…" Seriously? You are proud of helping to install, then retain, in office the most incompetent, the most divisive, and the most destructive person to ever occupy the position? At this point anyone who admits to voting for the clown the first time would seem to be either a Marxist, an elitist who believes that he is among those uniquely gifted with the right and ability to dictate to those of lesser station how to live their lives, or one of the low information types who have convinced themselves politicians giving something in exchange for votes makes their future better than if they took advantage of freedom and opportunity to earn it for themselves.
Wealth redistribution is a tenet of communism. Why is it “right” to punish the successful, most of whom work hard and delay gratification to improve their lots, to benefit those who are content to wallow in their victimhood? Why is it “right” to oppress future generations with trillions of dollars of additional debt, which exceeds the cumulative sum of all the debt incurred by the clown’s 43 predecessors? You think it’s right to release half a dozen or so terrorists every several weeks from a prisoner of war facility during an on-going conflict so it won’t be so noticeable when many of them filter back to operational status in organizations intent on killing Americans and destroying our way of life?
While working in Colombia and doing charitable work in Guatemala. I personally witnessed the foment wrought by the communist regime in Cuba supporting local terrorists and the right wing’s response to counteract it.
The clown has a hour to meet with Glozell but cowers in his indecision and refuses to meet with an adult, intelligent ally like Netanyahu??
I know are often belligerent but thought you had a modicum of common sense. I’m not so sure any more.
TMC's X reservation tally shows the deposits should grow by ~$20 million because of new X's "ordered" in Q4. If the Q4 deposit balance is different from $247 million, divide the difference by $2.5k to approximate the change in S backlog.
The tally shows the regional X reservation breakdown as
North America 74%
How does that compare to the regional store (boutique)/service center/ supercharger breakdown?
New X reservations during 2014 were:
Musk claimed car production rate at year end 2015 would be 100,000. In three year of taking X reservations, the total is under 25,000 or about one quarter's worth of production. Reality should strike before Jan 2017 LEAP expiration.
It's MS not JPM.
"Stationary batteries are worth $30, $40, $50, or maybe over $100/share"but Tesla has never said anything about them in a conference call nor in a quarterly or annual regulatory filing.. In the conflicts section of the proxy, Tesla disclosed it sold $1.6 million in stationary batteries to Solarcity during 2013. How much from that transaction dropped to TSLA's and to SCTY's bottom lines??
Arthur Anderson is history because of the Enron fraud. MS deserves the same fate because of its promotion of a non-existent Tesla business segment; unfortunately it's unlikely.
Out of curiosity, I did a “quick and dirty” using the 10Ks. To me, the discrepancy of over $300 million over a 33 month period anwarrants explanation, but draw your own conclusion. Part of the discrepancy may be cash for PPE purchases versus accruals for PPE purchases. Presumably the differences would be in AP, which has indeed been accreting. The 10Ks show in millions (excluding capital lease obigations):
Year….PPE Cash Purchases.. D&A….PPE Net Reported.. PPE Net Calculated… Delta
9 Mo 2014 ..$601.2………($164.0)….$1,404.3…………...$1,175.7……………+$228.6
The Cash Flow statement also show the following for cash generated by fixed asset disposal:
2013: $1.0 million
9Mo 2014 :$11.1 million
I'll leave to the auditors to opine.
The 10Qs show the quarterly cash PPE purchases and a breakdown of PPE components plus depreciation and amortization. I don't think anything is amiss, but it would take a quarter-by-quarter reconciliation over 16 quarters to see if anything appears anomalous.
Investopedia explains it this way:
The historic costs of the land, or any other asset, may also be adjusted from time to time to better reflect the current market value. For example, if the firm purchased $50,000 worth of land in 1960, the true value of that land would not be obvious on the balance sheet (it may be worth $1 million now). Therefore, from time to time as the company sees fit, assets may be re-evaluated in order to determine a more appropriate cost to use on the balance sheet, but all readjustments must be disclosed within the footnotes sections of the company's financial statements.
The 2018 notes are shown as a current liability for quarters in which the conversion criterion is met which IMO means net current assets are a bit more robust that would otherwise appear.
"Everyone ends up paying for it one way or the other"
Reminds me of the clown's freebies. Sadly, the younger you are the more you pay--but it's only fair.
Is Tesla actually selling trade-ins or just taking a rake from Auto Nation or whomever? I assume used transactions would be in Other Income with some minimal explanation in the 10k.
"That logic/comparison is the STUPIDEST I ever heard."
It may be but there has been a lot of close competitors in the last 4 1/2 years
IMO, Tesla's more valuable intellectual property is likely soft/firm ware coding and protected using "trade secrets" principles and mechanisms such as NDA's, restrictive covenants etc. and to a much lesser extent by copyright law.. It's probably much more difficult to reverse engineer code. That's why I think the promise not to enforce patent rights was the sleeves out of Musk's vest.