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  2. Tesla Has Been Burning Through $8,000 Per Minute

    According to the details of his $20.1 Billion network as of Sept 7th 2017, 82% of it is stock as he controls 51% of Space X and a large chunk of Tesla. that means roughly 16.4 billion is stock so he really is only worth 3.6 billion if you look at cash and other assets. He is on record as sinking almost every penny he owns into these two companies. So if they die, he pretty much is wiped out.
  3. Tesla Has Been Burning Through $8,000 Per Minute

    Those that put down a reservation deposit are taken in chronological order. If all that is available is $42-49K vehicles, I assume one has the 'right' of refusal. Not sure if you are re-ordered, or how Musk has it set up. But the ("temporary") elimination of the base car is a red flag. Orders made now won't see their car built until 2020 or 2021... or later at this rate. Volume production could have turned the Tesla books around, but it may never happen. BTW- I just saw a video of the semi reveal. I'd never heard Musk speak before, he is an awful orator.
  4. Today
  5. Tesla Has Been Burning Through $8,000 Per Minute

    Not true, you can still order a Model 3 for $35,000. Not sure when it will be built, but you can order one on their website. I think he could issue more stock to raise money, he is still a wall street darling, because the Model 3 can stabilize the losses, if he gets the Semi truck he could change shipping and make a lot of money.
  6. Tesla Has Been Burning Through $8,000 Per Minute

    Tesla was forced to bypass the promised $35K Model 3 in place of the $42-49K Model 3 because of negative cashflow. All their products have a negative margin so far. Model 3 doesn't change anything, and an 'entry-level' priced car is the LAST thing Tesla needs. The company could make a trillion dollar/year, but if they spend 2 trillion, it's doomed.
  7. Tesla Has Been Burning Through $8,000 Per Minute

    Musk is worth $20 billion, if even 10% of that is cash and cash equivalents then he could have enough to buy time if he had to do it personally. He did make $300,000 selling Boring company hats. The cash flow issue is solved once the Model 3 is producing 5,000 cars a week, he just has to get it to that point and Tesla will be fine.
  8. Tesla Has Been Burning Through $8,000 Per Minute

    Burn baby Burn should be Tesla's new slogan!
  9. Quick Drive: 2017 Volkswagen Golf Alltrack

    This is not true as every state is different, in Washington state, you pay all your taxes and fees at the time you buy your car, so an ad like this is deceptive and would not be allowed as taxes, fees, title, etc. can vary depending on the final agreed purchase price of the auto. So you're saying in Europe prices are fixed, there is no dickering you just pay what they advertise? Interesting,
  10. Tesla Has Been Burning Through $8,000 Per Minute

    And considering Musk has 2-3 other companies to run, Tesla isn't getting 100% of his focus.
  11. Tesla Has Been Burning Through $8,000 Per Minute

    Do the math. Even 2 billion will only last a little over 5 months, and he's not going to go personally bankrupt intentionally. Model 3 won't be in full production by then, nevermind develop a 6th model. Model Y is shelved for the foreseeable future; NO WAY there's time, money or resources to work on that now. Model 3 seems all but forgotten.
  12. Quick Drive: 2017 Volkswagen Golf Alltrack

    Again, you're failing to acknowledge 2 things- 1) Not all states collect sales tax at the dealer. In MO, you DO NOT have to pay sales tax to drive away in a car. Point blank. 2) Even ignoring that, even if you DO have to pay sales tax to the dealer, it ISN'T a FIXED AMOUNT. I can't add an amount that I don't know what it is. Coming up with some fictional, completely arbitrary number just to appease consumers' skepticism and ignorance is scammy. Just through a tune on it, and it will make GTI power. $500.
  13. Yesterday
  14. Tesla Has Been Burning Through $8,000 Per Minute

    Question is how much cash does Elon Musk have? He might actually have $2 billion in cash to put into the company to keep it afloat until the Model 3 is at full production and the 2nd SUV hits the market since it will just be a tall Model 3
  15. Tesla Has Been Burning Through $8,000 Per Minute

    Here's another way to look at the above numbers. The theoretical $250,000,000 that the Founder's Edition Roadster would generate would last just 22 days at the current spending rate. Hardly seems worth it, once you consider whatever the COST to build them might be, and that it could apparently NOT be done inside of 2 year's production time, maybe 4. - - - - - Honestly, I have had strong hopes for Tesla- it's not everyday a new American brand emerges. The original Roadster was a decent first step, the Model S is definitely a success (other than no profit). But the X has had numerous problems and it's launch was bungled. OK- not the end of the world, everyone has missteps. But 14 years in & still no profit. Model 3 is the car to save Tesla, to finally make the entity solvent. Another bungled launch, worse than the X. That's OK, I'm still on board, still pulling. Musk has to know this is his make or break project, he has to be working 22 hrs a day to get this thing, this thing he's taken a half million deposits on; RIGHT. The wait time has already been insane; this is 'do or die' time. But just when you're sure the 'all's clear' bell will sound and thousands of Model 3's are pouring out of Fremont... NOT ONLY does he show a concept EV semi, he shows another concept Roadster! How much time did these projects take away from the Model 3, take away from the 100's of thousands of waiting buyers? I'm beginning to really lose hope the company will last.
  16. Tesla Has Been Burning Through $8,000 Per Minute

    Question: How fast does the new Tesla Roadster go from 0-60? Answer: 1.9 seconds. The right answer is about $8,000 Per Minute!!! Now THAT is some serious speed! Id even call it...ludicrous!
  17. Tesla is known for building quick vehicles, but they're also known for burning through a lot of cash. Bloomberg rece https://t.co/QYezrh1TMn

  18. Would you buy an Envision or an SRX?

    Just doesn't matter to me.. the legroom.. So much Cadillac could have done that I would with the after market.
  19. Tesla Has Been Burning Through $8,000 Per Minute

    Tesla is known for building quick vehicles, but they're also known for burning through a lot of cash. Bloomberg recently crunched some numbers on how fast Tesla goes through money and the amount is quite shocking. According to their data, Tesla has been burning through $8,000 per minute (about $480,000 in an hour) for the past 12 months. At this rate, Bloomberg predicts that Tesla could run out of money by next August. Tesla spending money like it is going out of style is not all that surprising. The automaker is trying to ramp up production of the Model 3 along with dealing with various issues. Still, the $8,000 per minute figure gives us an idea of how far Tesla still has to go before exiting what it calls 'production hell'. Investors still are bullish on the electric car builder, with a share price of $317.81 at the close of trading yesterday. Tesla also has a market capitalization of more than $53 billion, beating the likes of Ford ($48 billion). The difference being is that Ford is able to consistently make a profit. Tesla says they have enough cash to meet its target of building 5,000 Model 3 sedans per week by the end of March, and expects to “generate significant cash flows from operating activities” afterward. The company is also reservations on their Roadster due in 2020* to help raise funds. Buyers will need to plop down $50,000 for the standard model or $250,000 for the Founders Edition. Tesla will only produce 1,000 models of the Founders Edition, meaning they could possibly produce $250 million in income. “Whether they can last another 10 months or a year, he needs money, and quickly,” said Kevin Tynan, senior analyst with Bloomberg Intelligence. Tynan estimates that Tesla needs to raise $2 billion or more in capital by mid-2018 to stay afloat. Source: Bloomberg
  20. Tesla is known for building quick vehicles, but they're also known for burning through a lot of cash. Bloomberg recently crunched some numbers on how fast Tesla goes through money and the amount is quite shocking. According to their data, Tesla has been burning through $8,000 per minute (about $480,000 in an hour) for the past 12 months. At this rate, Bloomberg predicts that Tesla could run out of money by next August. Tesla spending money like it is going out of style is not all that surprising. The automaker is trying to ramp up production of the Model 3 along with dealing with various issues. Still, the $8,000 per minute figure gives us an idea of how far Tesla still has to go before exiting what it calls 'production hell'. Investors still are bullish on the electric car builder, with a share price of $317.81 at the close of trading yesterday. Tesla also has a market capitalization of more than $53 billion, beating the likes of Ford ($48 billion). The difference being is that Ford is able to consistently make a profit. Tesla says they have enough cash to meet its target of building 5,000 Model 3 sedans per week by the end of March, and expects to “generate significant cash flows from operating activities” afterward. The company is also reservations on their Roadster due in 2020* to help raise funds. Buyers will need to plop down $50,000 for the standard model or $250,000 for the Founders Edition. Tesla will only produce 1,000 models of the Founders Edition, meaning they could possibly produce $250 million in income. “Whether they can last another 10 months or a year, he needs money, and quickly,” said Kevin Tynan, senior analyst with Bloomberg Intelligence. Tynan estimates that Tesla needs to raise $2 billion or more in capital by mid-2018 to stay afloat. Source: Bloomberg View full article
  21. Quick Drive: 2017 Volkswagen Golf Alltrack

    Yeah, especially considering it's a little larger and higher off the ground with, assuming more suspension travel, eating that power a little more. So it still wouldn't be GTI quick but I think it'd be a more attractive package.
  22. Quick Drive: 2017 Volkswagen Golf Alltrack

    I don't think that's being picky at all. I would like to have the GTI's motor in this as it would give it a little bit more oomph and might bump fuel economy.
  23. Quick Drive: 2017 Volkswagen Golf Alltrack

    But not "out the door" because taxes are required.
  24. Quick Drive: 2017 Volkswagen Golf Alltrack

    Pretty much everything is advertised "before taxes" in the US. All the prices are before taxes. In Europe on the other hand taxes are included in the advertised price in most countries. Now maybe we should get back to the car in question? I think it would look much more attractive with optional more powerful engine. Right now for $28.5k you can buy 2.5i Outback premium, which is bigger and have better awd system.
  25. Quick Drive: 2017 Volkswagen Golf Alltrack

    It is scammy when there is a lot more cash required to drive the vehicle "out the door". Just because in the dealership world it means "you still have things to pay for" doesn't mean that's what it means for any other retail product you buy. I know you included "before taxes" and that's why it doesn't make any sense to word it that way to me.. Out the door before additional fees. What's another retail product that is advertised that way?
  26. Quick Drive: 2017 Volkswagen Golf Alltrack

    Dealerships are required by law to provide disclaimers for TTL. In the dealer world, OTD just means all the fees that are necessary to complete the dealership transaction are accounted for. It's not scammy at all. It's just you choosing to be combative over a miniscule detail. Out the door- what you have to pay to walk out the door with the car. It's pretty self explanatory. Once you have done so, you can skip your sales tax, not pay your insurance, and refuse to pay your mortgage for all I care. That all has 0 to do with what you owe the dealer to take possession of the car. And I even included ".....before taxes." in my original post.
  27. 2019 Lincoln MKC Clips Its Wings: Comments

    Probably black car fleets buying the Town Car version..
  28. 2019 Lincoln MKC Clips Its Wings: Comments

    Poor souls...
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