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re: Tesla posts massive 702 million dollar loss in first quarter

Posted on 4/24/19 at 6:49 pm to
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55689 posts
Posted on 4/24/19 at 6:49 pm to
You're wrong more often than not, so it was a safe assumption
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48615 posts
Posted on 4/24/19 at 6:51 pm to
quote:

Honestly, unless he invents a Tony Stark type battery his company peaks at a novelty vehicle maker that will in no way help to save the planet from warming

We won't be off of fossil fuels in a hundred years.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
64620 posts
Posted on 4/24/19 at 6:52 pm to
quote:

You're wrong more often than not, so it was a safe assumption


No kid. I’m not. You’re just too stupid to know when I’m right.
Posted by BuckyCheese
Member since Jan 2015
49454 posts
Posted on 4/24/19 at 6:59 pm to


This is part of the reason he has so many fanbaws.
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11562 posts
Posted on 4/24/19 at 6:59 pm to
quote:

We also have a lot of markets [abroad] where we haven't yet tapped into demand, especially the Model 3," Musk said."


Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55689 posts
Posted on 4/24/19 at 7:01 pm to
You should watch the news on occasion, old man. Knowing what is going on in the world would do you a lot of good.
Posted by Gaston
Dirty Coast
Member since Aug 2008
39026 posts
Posted on 4/24/19 at 7:09 pm to
Or him removing welds by 3D printing engines. NASA developed those engines, but it not like people have reinvented a speaker since then either.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119249 posts
Posted on 4/24/19 at 7:21 pm to
Their cars looks like Chrysler 200's.
Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
83374 posts
Posted on 4/24/19 at 7:28 pm to
quote:

"Tesla's profit streak is over. Big time.

The electric car company said Wednesday that it lost $702 million last quarter.

Wall Street was already bracing for what one analyst called an "apocalyptic" results — but the results were still far worse than expected.



This post was edited on 4/24/19 at 7:30 pm
Posted by Lawyered
The Sip
Member since Oct 2016
29331 posts
Posted on 4/24/19 at 7:30 pm to
I know someone who has one and on roadtrips they sit at charging stations for an hour or whatever the charge time is..

fricking miserable life to me.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 4/24/19 at 7:34 pm to
Everyone I know with a model S it’s their daily commuter and their office (my office) has a bunch of charging stations.

Ludicrous people go on long road trips with one that requires a new charge. Never heard of that.

Posted by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
83374 posts
Posted on 4/24/19 at 7:36 pm to
quote:

I know someone who has one and on roadtrips they sit at charging stations for an hour or whatever the charge time is..



Don’t think their cars are really marketed as road trip vehicles
Posted by Ed Osteen
Member since Oct 2007
57499 posts
Posted on 4/24/19 at 7:37 pm to
Yeah, not a good car for someone that takes long road trips
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67992 posts
Posted on 4/24/19 at 7:39 pm to
Tesla has a similar pattern to Enron.
Posted by cable
Member since Oct 2018
9653 posts
Posted on 4/24/19 at 7:39 pm to
quote:

"Tesla's profit streak is over. Big time. The electric car company said Wednesday that it lost $702 million last quarter.


not only that, but they burned $1.5 billion in 3 fricking months.
Posted by 504Voodoo
New Orleans
Member since Aug 2012
13534 posts
Posted on 4/24/19 at 7:40 pm to
It is finely time for Musk to just be the innovator and hire a COO to run the auto sector.
Posted by Tulane_STEM_ALUM
Member since Apr 2019
153 posts
Posted on 4/24/19 at 7:41 pm to
Tesla is a total scam.
Posted by castorinho
13623 posts
Member since Nov 2010
82037 posts
Posted on 4/24/19 at 7:45 pm to
quote:

What I dont get is how the stock doesn't get hurt after nothing but consistently bad numbers.

The stock is down 30% on the year, while the market has been on a bull run. The likes of Amzn, aapl are up ~30%.

Yeah a little surprising the stock isn't down more AH,but that's very low volume. Let's see what happens tomorrow morning.
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56294 posts
Posted on 4/24/19 at 7:45 pm to
quote:

Don’t think their cars are really marketed as road trip vehicles
You just program in your trip and the car plans your charging stops.

The Supercharger stations are like 25-30 minutes. They are usually positioned where you can do something as a break. Like the one by Acme Oyster House and Trader Joe’s, here in Baton Rouge.

If you have to charge with a converter plugged into a electric clothes dryer socket, it charges something like 15 miles of charge in an hour.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 4/24/19 at 7:48 pm to
Tesla is a shite show. SpaceX is impressive for what it can do. However, because it is private we have no idea if it is viable. My criticism is with Tesla and the fool running it.
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