Central bankers and their penchant for destroying true price discovery cause the booms and busts as markets are saturated with resources. And of course, if you know your chemistry, once something becomes over saturated, we get precipitation. Here's a good read about Tesla, the plaything of the rich, green set. http://www.caseyresearch.com/cdd/david-stockman-tears-apart-tesla
I've said it here on SS before - Tesla are not a part of the free market. They don't make money selling cars to customers. They make money receiving federal US Government subsidies for producing electric vehicles. They are a complete government crony.
im not sure about tesla maybe the yanks actually wanted to be forerunners in something .I think it was a good thing to fund ...if you are actually going to fund something it might as well be industry leading technology .Its still better then any other car makers attempt to build an EV as far as i know . happy to be wrong of course i havent been reading much OS Now shiney keep your knickers on i know you dont approve of spending tax payers money ..just sayin :
http://www.caseyresearch.com/cdd/forget-cars-tesla-wants-to-power-your-house So where is the return on the taxpayer's investment?
There is just some research you do because of the potential for greater good. ...ducks from shiney's thrown object...
The company has major value now even without profits, they own some of the most important IP relating to EV anywhere. So, if you think electric cars are going to take off, even from another company, then the company has value just on the basis of their patents and knowhow. they also have a pretty solid plan for becoming profitable that people who do nothing else but evaluate businesses seem happy with. I don't see tesla as the next GM and I think the valuation is a little crazy as well but it's not like they are a 1999 dot Com hype company.
Well you'll just have to suck it up, wont you. This is why the U.S. is a technological leader.... because people have the balls to take a risk and the entrepreneurial spirit to make things happen. Fortunately the U.S. is not yet so full of whiny little bitches like you. Go Tesla!
I don't agree with the author that the iPad was "revolutionary" - it was evolutionary. The iPad is just a bigger version of the iPod and iPhone. That's not to say it isn't a good product, but it very obviously has it's origins in Apple's earlier devices. Tesla's Model S also isn't revolutionary. It's a car, with four wheels, doors, seatbelts and all the other stuff you'd find in any similar car made by Audi or Porsche or BMW. By all accounts, it's a very good car, but it's still just a car. It also happens to be electric and Tesla have done a much better job at designing, marketing and distributing it than a lot of other car companies have with the models they produce.
Have they? Source? Granted that the electric car models provided by the other major car companies are a flop as well. There is virtually no market for an electric car, if there was, then as the author points out the BMW's, Toyotas, GM's etc would be all over it. It's just a scam.
Are you going to persist with personal attacks or are you going to read the article and refute the claims of the author? Maybe we could all learn something then.
You are 100% right. You have to wonder about what sort of anaemic little imagination and petulant bitterness motivates people to come onto internet forums and attack those who seek to do something difficult and innovative.
Shiney lots of inventions or new products had little or no consumer market value at the time they were thought of and created Is Tesla a scam or will it validate its over valuation? I don't know but history will tell us. http://www.theverge.com/2015/2/11/8023443/tesla-home-consumer-battery-elon-musk http://business.time.com/2013/09/05/blackout-1-billion-live-without-electric-light/
I agree with you there, and many were only accessible to the rich and as they gained market acceptance, over time, became cheaper and cheaper. But Tesla's meteoric share price explosion, its vehicle price, its funding sources, it's lack of profit, its publicised commitment to all owners that it will buy back all vehicles after 3 years at the original market price and doubts over its gigafactory have cast doubt over its legitamacy. I wonder if he'll get $500 million from the taxpayer for this too?
This post is brought to you by the hundreds of millions of dollars in government research and crony capitalism that helped to propell advances in semiconductors/transistors and integrated circuits and the development of something called the internet which never had any consumer or market value
