- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can we wean Elon Musk off of the taxpayer tit already? He's a mf con man.
Posted on 8/7/17 at 9:26 pm
Posted on 8/7/17 at 9:26 pm
LINK
It's high time for this jackass to sink or swim on his own fricking dime.
quote:
Tesla’s new Model 3 has finally arrived, and not a moment too soon. The critics seem to love it, and Tesla management says it’s already received deposits for 500,000 of the vehicles. Perhaps now Elon Musk can finally get his hand out of U.S. taxpayers’ wallets?
quote:
A study published two years ago by The Los Angeles Times revealed that just three of Musk’s ventures – SolarCity Corp. (which manufactured and installed solar energy systems before its 2016 merger with Tesla Motors Inc.), Tesla Motors Inc. (which manufactures electric vehicles), and Space Exploration Technologies Corp., known as SpaceX (which builds rocket ships) – had received $4.9 billion in government subsidies to that point in time. By now, Musk’s various ventures have sucked well over $5 billion from government coffers.
quote:
But granting literally billions of dollars in taxpayer subsidies to Musk’s firms isn’t the worst of it. No, that honorific is reserved for this little gem: In order to induce car buyers to spend their money on electric vehicles, the federal government offers a $7,500 rebate on the purchase price. Some states enhance that rebate with rebates of their own. In California, for instance, purchasers of electric vehicles get a state-funded rebate of $2,500 more.
quote:
“Why should those guys in Washington take my hard-earned tax dollars and use them to lower the price of an electric car for some movie star in Hollywood?” That’s a good question. Given that the average household income of a Tesla Model X owner is $503,000, that the average household income of a Tesla Model S owner is $267,000, and that we can only assume the average household income of a Model 3 owner will be somewhere in six-figure territory, it’s a tough question to answer.
It's high time for this jackass to sink or swim on his own fricking dime.
12
Posted on 8/7/17 at 9:28 pm to bamarep
I agree but i still put my deposit down on the Model 3
Posted on 8/7/17 at 9:40 pm to bamarep
Tesla looks shaky
quote:
DETROIT (Reuters) - Tesla Inc (TSLA.O) said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan.
quote:
Tesla shares are up 67 percent this year, pushing the company's market value to about $60 billion, above that of top U.S. automakers General Motors Co (GM.N) and Ford Motor Co (F.N), even though Tesla has yet to make an annual profit.
"Bond investors, who typically don't love companies that don't make money, will be far more forgiving when it comes to Tesla," said bond expert Robbie Goffin, managing director of FTI Consulting, citing the company's stellar stock market value.
Tesla was to start pitching potential investors on Monday, IFR reported, citing lead bankers on the deal.
So far, Tesla has been raising money to pay its bills with a combination of equity offerings and convertible bonds, which eventually convert into shares. In March, the company raised $1.4 billion through a convertible debt offering.
Following the announcement, Standard & Poor's reaffirmed its negative outlook for the automaker and assigned a "B-" rating for the bond issue - deep into junk credit territory. S&P also maintained its "B-" long-term corporate credit rating on Tesla.
Posted on 8/7/17 at 10:06 pm to bamarep
He wants to make himself out to be a broader-minded Steve Jobs when really he's just an overrated schmuck making toys on the taxpayers dime.
Posted on 8/7/17 at 11:43 pm to bamarep
I've always thought the cars were just a front. The propriety battery tech and associated infrastructure is the end goal. The government picks up the part of the tab. He has changed the car industry though. A few years ago, hybrid or plug in cars were for tree huggers. Telsa made electric cars techy-cool. Now Mercedes and Porsche have announced their entrance to Formula E racing.
Posted on 8/7/17 at 11:47 pm to bamarep
quote:He's is just playing the game like a good businessman.
Can we wean Elon Musk off of the taxpayer tit already? He's a mf con man.
But if that makes him a con man, then I can't point out another one for ya.
Posted on 8/7/17 at 11:57 pm to buckeye_vol
Right?
"No, Board of Directors, we shouldn't try to get tax subsidies for this massively important tech that we're developing and will subsequently share with the world. Whether or not they'll even consider it is irrelevant! I won't hear of it!"
"No, Board of Directors, we shouldn't try to get tax subsidies for this massively important tech that we're developing and will subsequently share with the world. Whether or not they'll even consider it is irrelevant! I won't hear of it!"
Posted on 8/8/17 at 12:00 am to ocelot4ark
At the end of the day the government investment in his endeavors is probably worth it
It's a drop in the bucket compared to what we spend pimping out a bunch of doctors that are rip off artists
It's a drop in the bucket compared to what we spend pimping out a bunch of doctors that are rip off artists
Posted on 8/8/17 at 12:00 am to bamarep
He fancies himself a real Howard Hughes. But he's really just another Juan Trippe.
Posted on 8/8/17 at 12:03 am to bamarep
Electric cars and private space exploration is probably the future of this country.
I can tell you we'd have spent much more than that if the government tried to develop the tech for electric cars, and that amount is a drop in the bucket of what we've spent on space exploration (not that I'm against that spending).
I can tell you we'd have spent much more than that if the government tried to develop the tech for electric cars, and that amount is a drop in the bucket of what we've spent on space exploration (not that I'm against that spending).
Posted on 8/8/17 at 12:15 am to bamarep
Musk is well versed in delusions of grandeur. He routinely makes projections that are never met.
Now look at the Model 3 500,000 projection. That's more than all total electric cars sold last year and more than BMW 3 series and Mercedes C class sales combined. They won't sell half of that.
That's not even taking into account the production capacity isn't there. There aren't enough raw materials produced currently to make 500,000-700,000 batteries per year. That alone would increase the demand on cobalt 6-8% from where it is now. And that's just cobalt. Then you have nickel, lithium and graphite from mines in China
Now look at the Model 3 500,000 projection. That's more than all total electric cars sold last year and more than BMW 3 series and Mercedes C class sales combined. They won't sell half of that.
That's not even taking into account the production capacity isn't there. There aren't enough raw materials produced currently to make 500,000-700,000 batteries per year. That alone would increase the demand on cobalt 6-8% from where it is now. And that's just cobalt. Then you have nickel, lithium and graphite from mines in China
This post was edited on 8/8/17 at 12:16 am
Posted on 8/8/17 at 12:15 am to GRTiger
quote:
Electric cars and private space exploration is probably the future of this country.
I can tell you we'd have spent much more than that if the government tried to develop the tech for electric cars, and that amount is a drop in the bucket of what we've spent on space exploration (not that I'm against that spending).
Correct
I'd rather the government subsidize forward thinking private companies than try to figure it out on their own because it would cost much more and produce minimal results.
Posted on 8/8/17 at 4:46 am to pjab
Yeah it might be a scheme but Musk is a genius anyhow. He's also dating Amber Heard
ETA nm they just broke up
ETA nm they just broke up
This post was edited on 8/8/17 at 4:48 am
Posted on 8/8/17 at 4:48 am to bamarep
Read that one today too- great article!
Posted on 8/8/17 at 6:28 am to bamarep
quote:
“Why should those guys in Washington take my hard-earned tax dollars and use them to lower the price of an electric car for some movie star in Hollywood?” That’s a good question. Given that the average household income of a Tesla Model X owner is $503,000, that the average household income of a Tesla Model S owner is $267,000, and that we can only assume the average household income of a Model 3 owner will be somewhere in six-figure territory, it’s a tough question to answer.
Tesla's aren't the only electric cars out there.
Posted on 8/8/17 at 6:28 am to bamarep
It's the Napa Valley brie-eating, chardonnay-drinking version of a Ponzi scheme.
Posted on 8/8/17 at 6:29 am to bamarep
Are we also going to get rid of subsidies for oil and gas also? Farm subsidies? Housing? Coal?
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News