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re: I always thought Musk was a phony

Posted on 7/22/18 at 12:08 pm to
Posted by Scruffy
Kansas City
Member since Jul 2011
78016 posts
Posted on 7/22/18 at 12:08 pm to
quote:

Scruff, as mentioned earlier, Musk paid back dollar for dollar of any subsidy given to build Tesla years ago. The only automaker to do so. You can't factor that money now.
Then how is Tesla surviving?

Scruffy is genuinely curious, because he was under the impression that they were unable meet demand on nearly all fronts.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/22/18 at 12:11 pm to
quote:

I’ve asked this already, but what businesses do not take advantage of federal, state or local subsidies?

I get it that you think Musk is the most egregious example, but that seems like a personal issue.


He's just going to ignore or deflect because you're absolutely right. He can argue the merits of Musk's ability to capitalize on his subsidies or their availability through government policy, but he's not. He'd rather scream he's a welfare queen because he takes advantage of whats available to him until he's blue in the head.
Posted by Mo Jeaux
Member since Aug 2008
64554 posts
Posted on 7/22/18 at 12:11 pm to
quote:

Scruffy is genuinely curious, because he was under the impression that they were unable meet demand on nearly all fronts.


Go take a look at the financial statements of a lot of tech-based companies. That’s why I pointed out that stock value is a very different measure.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/22/18 at 12:12 pm to
quote:

Then how is Tesla surviving?


By injecting more capital and using cash reserves.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 7/22/18 at 12:13 pm to
quote:

He can argue the merits of Musk's ability to capitalize on his subsidies or their availability through government policy, but he's not.


He is a corporate welfare queen. I'm sorry your crush isn't as impressive to everyone.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/22/18 at 12:14 pm to
quote:

He is a corporate welfare queen. I'm sorry your crush isn't as impressive to everyone.


I've said in this thread and a dozen others I don't like Musk and that Tesla is grossly over valued
Posted by southernelite
Houston, TX
Member since Sep 2009
53568 posts
Posted on 7/22/18 at 12:15 pm to
I just can’t wait for Tesla’s earnings call. Going to be some fireworks on that one, for sure.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 7/22/18 at 12:17 pm to
quote:

unable meet demand on nearly all fronts.


Right now it will take more than a year to meet the demand for the deposits they've received. Word is though that a quarter of those reservations have been cancelled.
Posted by Mo Jeaux
Member since Aug 2008
64554 posts
Posted on 7/22/18 at 12:18 pm to
quote:

I'm sorry your crush isn't as impressive to everyone.




I can tell that you're arguing from logic and a thorough understanding of the substantive details of his businesses.

Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/22/18 at 12:19 pm to
quote:

Right now it will take more than a year to meet the demand for the deposits they've received.


Do you consider that good or bad? I'd want the demand for my product to be insane too
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 7/22/18 at 12:21 pm to
quote:

He's a corporate welfare queen.

We call him this when he paid back his "welfare" with interest, but you have no problem giving all the others in the same industry who take more and give bak less a pass.


You're basically parroting what others say without really knowing why, just groupthink. Others say it, so you're making the same exact quotes dozens of other posters have, not a single unique thought, almost literally word for word lines coming from you.

It's not a good look.
Posted by RobbBobb
Member since Feb 2007
34403 posts
Posted on 7/22/18 at 12:22 pm to
Musk became a trendy thing only because he got govt money to 'deliver' certain things. He hasn't, but keeps on promising
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Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 7/22/18 at 12:23 pm to
quote:

He is a corporate welfare queen. I'm sorry your crush isn't as impressive to everyone.

Wash

Rinse

Repeat
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 7/22/18 at 12:25 pm to
Musk is a pretentious douche.
Posted by Mo Jeaux
Member since Aug 2008
64554 posts
Posted on 7/22/18 at 12:26 pm to
k
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 7/22/18 at 12:27 pm to
quote:

We call him this when he paid back his "welfare" with interest, but you have no problem giving all the others in the same industry who take more and give bak less a pass.


1) Solar City lied to the government to get welfare and had to pay a settlement of 29 million, far less than they profited from the feds.

2) All crony capitalists are welfare queens. This isn't solely on Musk. The government has no business picking winners and losers.
Posted by Geekboy
Member since Jan 2004
8505 posts
Posted on 7/22/18 at 12:28 pm to
Yeah, shitty thread. 9 pages in under four hours.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 7/22/18 at 12:32 pm to
quote:

Yeah, shitty thread. 9 pages in under four hours


Don't worry your OP still sucks, Roger just came in here flaming saying retarded shite
Posted by Spirit of Dunson
Member since Mar 2007
23112 posts
Posted on 7/22/18 at 12:34 pm to
Just read this whole thread.
quote:

RogerTheShrubber
did Musk run over your dog or something?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 7/22/18 at 12:51 pm to
quote:

Roger just came in here flaming saying retarded shite


Yeah, lying to the government to get money is just retarded shite.
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