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Few seem willing to call out Musk based on facts. When I have, critics call me a dinosaur or much worse. I am, they say, too old and too jaded to appreciate the genius of Tesla and Musk.
Well, I have seen Musk and his ilk before and so has former Reagan budget director David Stockman, who has the financial chops to dissect CEO Musk and Tesla as both company and stock play.
Musk, says Stockman in his Contra Corner blog, is a “circus barker” and Tesla “a crony capitalist con job that has long been insolvent.” Tesla survives not on the merits of the product, but thanks to “fat taxpayer subsidies” and a “free money” monetary policy. I’d add a gullible and ill-informed media as co-conspirators – willing or unknowing – and an analyst community whose evaluations of stocks in general are often suspect.
Broder's review of the Model S had little positive to say about the electric vehicle that has garnered Car of the Year recognition from several leading automobile magazines. According to Broder, the car seriously underperformed in cold weather. His devastating review reported that the battery drained so rapidly that even though he drove excruciatingly slowly and turned off the heat, the car still died before making it to one of Tesla's Supercharger stations. Broder was forced to call a tow truck. - See more at: www.justmeans.com...
Unfortunately for Broder and the Times, Tesla kept a data log of the drive, and Broder's story just didn't add up. In a blog post, the billionaire founder of Tesla Motors Elon Musk laid out a series of facts that contradicted Broder's version of events.
First, the Model S battery never ran out of charge at any time, even when Broder called the tow truck. Second, while Broder claimed he set cruise control to 54 mph and was ultimately forced to limp along at a paltry 45 mph, he in fact drove between 65 mph and a speed limit-exceeding 81 mph for most of the trip. When Broder said he turned the temperature down, he in fact turned it up, and enjoyed a toasty average cabin temperate of 72 degrees Fahrenheit.
Even more bizarrely, when he reached Tesla's Milford, Conn. Supercharger station (after driving the car hard and taking an unplanned detour through downtown Manhattan to give his brother a lift), the mileage display said "0 miles remaining." Instead of plugging the vehicle in, Tesla's data log shows that Broder drove in circles for over half a mile in the parking lot, and the car still didn't die
Text Even though it carries a stock market multiple more in line with high-flying tech companies, Tesla Motors is still an automaker in the eyes of ratings agency Standard & Poor’s, which slapped a junk-level rating on the company Tuesday.
S&P’s ratings unit assigned an unsolicited corporate credit rating of B- to Tesla, with a stable outlook. The firm labeled Tesla “vulnerable” with respect to business risks, citing its “narrow product focus [and] concentrated production footprint,” as well as its short track record and limited visibility into future demand for its cars. S&P also noted Tesla’s “small scale relative to its larger automotive peers.”
originally posted by: Sparkymedic
a reply to: MALBOSIA
If any of the auto companies, aside from Tesla, want to survive, they will allow companies like Apple and Google to step in and take over their onboard electronic issues (software, onboard computer interfaces, etc.)...which they ALL have. Only Ford was smart enough to save themselves by ditching their software for Microsoft. Which really anst all that smart either, but it saved face and bought them time.
Tesla has it figured out. A standardized system. Not all the BS all the other car makers are spitting out. They essentially toon a page from the aerospace industry and put a multifunction display in the middle console, which does EVERYTHING... And the whole car can be updated while it sits in your garage using WiFi.
I personally can't wait till the Tesla cars become more and more affordable. And they will, just give it time.
originally posted by: cavtrooper7
If they could devise a good 4x4 off road system, maybe one that self charges using high efficiency solar systems in the roof of the vehicle then they will win so long as its durable.
The latest cars are flimsy compact cars big guys BARELY fit into.
originally posted by: cavtrooper7
a reply to: MALBOSIA
I want a good ol 79 Dodge RAM sized vehilcle with the same durability and capability.
originally posted by: cenpuppie
my only objection is the ridiculous market cap this company gets, however everything is overpriced so its a nil. still have to plug it into an electrical grid however.
aside from that, great tech. no more having to pay for gas, just an increase in your electric bill.