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re: Tesla suspends all sales until announcement at 4pm CST

Posted on 2/28/19 at 7:39 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/28/19 at 7:39 pm to
Right. Which will cost them a ton of cash that is needed to function. They are on life support financially.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 2/28/19 at 7:42 pm to
So they file an 11?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/28/19 at 7:51 pm to
I would say no.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 2/28/19 at 8:11 pm to
quote:


uh, oh

Don't many states require a retail location in order to sell?


if Musk can revolutionize the auto industry, create a space industry, and shite on this state retail thing to revolutionize auto sales.. dude will be in textbooks for a long time
This post was edited on 2/28/19 at 8:12 pm
Posted by AU4real35
Member since Jan 2014
16065 posts
Posted on 2/28/19 at 8:18 pm to
I think we all see what’s going on here. While Elon might be an innovator, his business intelligence is severely lacking. It’s like a person who can cook unequivocally well, but doesn’t understand the logistics of restaurant operations. Eventually the money runs dry.
Posted by tketaco
Sunnyside, Houston
Member since Jan 2010
21806 posts
Posted on 2/28/19 at 8:23 pm to
Me thinks that the demographic that buy Mercedes and BMW in bulk will buy these next......

Black people.
Posted by 21JumpStreet
Member since Jul 2012
14919 posts
Posted on 2/28/19 at 8:30 pm to
Tesla's are just a novelty imo
Posted by RobbBobb
Member since Feb 2007
34398 posts
Posted on 2/28/19 at 8:57 pm to
quote:

and shite on this state retail thing to revolutionize auto sales

wanna guess what happens to your tax base, if you start getting all your goods from out of state?

wanna guess what happens to your roads, streets, bridges, hospitals, schools, police and fire protection if you lose your tax base?

Its called Venezuela
Posted by MikeD
Baton Rouge
Member since Jan 2004
8601 posts
Posted on 2/28/19 at 9:04 pm to
I'm happy with my short position on TSLA stock
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 3/1/19 at 9:33 am to
quote:

I'm happy with my short position on TSLA stock


I guess so. Down over 7% today.
Posted by Tempratt
Member since Oct 2013
15302 posts
Posted on 3/1/19 at 9:44 am to
New warp core for useful space exploration. Might be able to actually go somewhere before dying of old age.
Posted by bmy
Nashville
Member since Oct 2007
48203 posts
Posted on 3/1/19 at 9:58 am to
quote:

wanna guess what happens to your tax base, if you start getting all your goods from out of state?

wanna guess what happens to your roads, streets, bridges, hospitals, schools, police and fire protection if you lose your tax base?

Its called Venezuela


Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 3/1/19 at 1:51 pm to
quote:

I was thinking about getting a Tesla for my next vehicle
Great time to pick up one of the mid or long range models as of yesterday. Those are discounted as well.
Posted by Darth_Vader
A galaxy far, far away
Member since Dec 2011
74546 posts
Posted on 3/1/19 at 1:53 pm to
I don’t know much about Tesla. But I don’t have one question. When it breaks down, where do you go to have it repaired?
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 3/1/19 at 1:56 pm to
quote:

"I believe the announcement is going to be about their debt, and may disappoint some investors who may have been expecting to get an update on the Model Y,” Munster said by phone. Tesla has a $920 million convertible bond maturing Friday that it’s likely going to have to settle with cash.
So this venture capitalist thought that Tesla stopped taking orders and put a message on their website that said "The wait is almost over" so they can give out bad news?


That dude sounds like a genius!
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37550 posts
Posted on 3/1/19 at 2:05 pm to
Methinks whoever was in charge of designing that front end is a Porsche fan.

Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 3/1/19 at 2:05 pm to
quote:

I don’t know much about Tesla. But I don’t have one question. When it breaks down, where do you go to have it repaired?

Don't know all the answers there, but I do think that Service King is national and works on Teslas.

I know for minor things, they'll come to your house and fix things. Probably not for actually breaking down or something I'd guess.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 3/1/19 at 2:25 pm to
quote:

and basically admits there's no demand for his car
I take it you haven't been following sales for the Model 3, it's essentially the opposite of what you think.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112944 posts
Posted on 3/1/19 at 2:26 pm to
quote:

If it breaks, do you mail it back to them for repair?
Pretty sure you don't take the car to a retail store for repair.
Posted by Jester
Baton Rouge
Member since Feb 2006
34717 posts
Posted on 3/1/19 at 2:55 pm to
quote:

my guess would have been Tesla was declaring bankruptcy to get out of its enormous bond repayment coming due soon.


Like I mentioned before, it's basically a short-sighted move to generate cash to maybe make that repayment. Maybe.
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