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  3. Mazda News: Mazda Updates the 6 With A Turbo Engine Option

    No doubt a very cool video showing their version of this, but I still have to say So What! Mazda is not really innovating and growing as much as just refining their current product I still do not think they will remain independent in 5-10 years.
  4. Mazda News: Mazda Updates the 6 With A Turbo Engine Option

    video for the NA engine
  5. Tesla Has Been Burning Through $8,000 Per Minute

    So Toyota was an early investor to a tune of $50 Million back in 2010 just before the IPO of Tesla. They have quietly sold off all their stock in June for $538 million as they are now a true competitor with their own dedicated EV division. Early on the Toyota Rav4 EV was a Tesla Powertrain with a Toyota body. According to a CNN report that partnership crashed at the end of 2014 due to a culture clash of Japan wanting to go mass market with cheap EV's and Tesla CEO Musk saying they can be profitable as a high end auto company and not wanting to allow toyota to keep using their tech resulting in a wind down and eventual sell off of Tesla Stock. CNN Story In 2013 Forbes did a formal review of Tesla and said the company was way overvalued and with their focus by CEO Musk selling S class cars for $80-$110,000 dollars they were bleeding money as each S class car was costing $1.1 million to make and this was in 2013. Forbes said at the time if Tesla could sell 40,000 S class cars for 2013, that would still leave a manufacturing cost of $550,000 per car. Musk then came out and said that their Gen 3 technology would allow them to create a less luxury car priced at $35,000 and be more profitable than any other car company. The global community grabbed it and pushed the stock value up even more. Forbes does imply that Musk is an outstanding Marketing person, but a terrible communicator of the real facts. Forbes shows all the math in their story and states for 2013 Tesla stock trades at 117 times it's P/E ratio. In 2014 banks were stating that Tesla would be about 88 times valuation. Tesla then took to massive leasing of the Tesla S car which inflates Tesla revenue and understates their debt balance sheet. Even with Tax and ZEV credits where Tesla makes a hefty amount of about half a billion a year, the company is on a Utopian goal that is not sustainable. End result is Forbes is just as baffled by the ability to stay alive bleeding money. They clearly state it is a CULT Stock where reason is thrown out the window. Forbes Story Business Insider wrote this story in July 2017 and titled it: "It might be time for Tesla to get out of the car business!" and they would be right in stating it I believe. End result with all the profitable cash heavy auto companies, Tesla is about to be dumped into the deep end where they cannot swim with their current massive debt load even if they do start to deliver the Tesla 3 in quantity. They blame it on a couple of things, 1) A victim of Musk's vision. 2) A business for the Nutty. 3) Hard to change course as Tesla does a Joint Venture with a Chinese partner to build auto's in China and the clash that is about to happen. End result, not a financially exciting business to get into, but a financially depressing black hole that is sucking up money faster than most can understand. All the stories clearly highlight the impact Tesla has had on the global auto business. One thing that I have realized in looking at this is that Tesla as a sell off company is really only valued between $5 to $10 billion at most and that still will not cover all the debt they have incurred. Not a matter of IF, but a matter of WHEN Tesla will have to go bankrupt or be sold I believe.
  6. Tesla Has Been Burning Through $8,000 Per Minute

    Tesla cannot be sold for it's assets & stock valuation- the company isn't worth 100 cents/dollar. I doubt it's worth 50/100. It doesn't make any money, never has. Negative equity can never be sold at face value. Just the mere fact that if another company bought the stock speculator's darling, the valuation would drop significantly & immediately. GM made nearly 10 billion profit last year- it's not going anywhere. Volume & health-wise - Tesla is Sears with empty shelves & GM is Amazon.
  7. Getting in the holiday spirit. #grinch #happythanksgiving

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

    GM doesn’t have the money to buy Tesla. No automaker does. Toyota maybe has enough cash with a stock swap to make it work. Toyota has $50 billion in cash, with a $188 billion value, they are the only one that could buy, and then Musk can refuse to sell too, which he would. I think Musk will raise the money to keep Tesla going, he will find more investors because there is a chance that Tesla is Amazon and GM, Ford and Toyota are JC Penny, KMart and Macy’s just waiting to fall.
  9. 2019 Lincoln MKC Clips Its Wings: Comments

    Like the looks both exterior and interior. Clearly copied some of the vibe from Land Rover as I see that in the over all body of this CUV. Exterior, I am so happy they clipped the retro Lincoln grill and finally gave it a 21st century look to move forward on. My only real concern is FORD's poor quality record as I wonder about just how rusty this auto will be coming off the assembly line. I wish them all the best and truly hope this can be a fresh start for them as a real luxury competitor and not just a tarted up FORD. If we see a FORD equal to this with the blue oval on it, game over for them ever really being in the luxury game. Wonder how long before they bring out alternative powertrain options?
  10. Tesla Has Been Burning Through $8,000 Per Minute

    Soooooo, while we can debate how long the ability for a company to live in the red and be a darling of wall street, as I posted above. Musk is in no real position to bail Tesla out either since most of his wealth is tied up in stock of the two companies he owns. Yes I would like to see them survive and especially as an American car company. With that said, does GM need to buy them? Not really sure about that as I think the next two auto's they bring out will be based on the BOLT platform and everything else will be on version 2.0 of that said platform. I suspect that 2.0 platform will be a true EV or PHEV / Hybrid platform to further reduce costs for a global platform. Based on GMs presentation to the financial community, they have 7 SUVs, 5 CUVs, 2 cars and 2 vans for EV/PHEV/Hybrid. GM will surpass Tesla by 2020 I believe.
  11. Happy Gobbel Gobbel Day to all C&G Members and Guests! Wishing everyone a great relaxing day no matter who your with or where you are. I hope everyone can have some enjoyable relaxing down time around the world!
  12. Chevrolet News:2019 Chevrolet Corvette ZR1 Arrives With 755 Horsepower

    Zero reason to establish a whole new topic.. so: DID CHEVY JUST PUT OUT A 755HP ZR1 Corvette that gets the same fuel economy as the 650HP Z06? Horsepower (hp @ rpm): 755 @ 6300 rpm (SAE certified) Torque (lb.-ft. @ rpm): 715 @ 4400 rpm (SAE certified) Manual Automatic City 15 MPG 13 MPG Highway 22 MPG 23 MPG
  13. Tesla Has Been Burning Through $8,000 Per Minute

    We can argue about the situation to we are blue in the face.. fact is Tesla is not, has not been profitable.. and doesn't seem to be getting any richer in the near future, especially considering margins. WTF.. WTF!!! does anyone think that a company selling 63K Global $70-100K cars and is still broke, in the red.. no where near BLACK.. is gonna instantly become profitable selling a $35-45K car using essentially the same tech, same materials.. just smaller? And don't get it twisted.. I have long said that even the Model S fails at being luxury in interior quality and materials... more on par with +$35K Chevy than any current Cadillac. TESLA NEED TO BE BOUGHT AND ENGULFED IN A LARGER OEM. That OEM gets the name.. which is ironically richly established.. and hopefully some of Musk's vision.. cause he is definitely a visionary. Can't take that from him. I would like GM to get just so they could have the Charging network.. while at the same time I wonder if they need any of the other tech because from what I've heard 2018-19 might just be a year where GM's EV tech surpasses anything that Tesla has out or coming.
  14. Tesla Has Been Burning Through $8,000 Per Minute

    I didn't realize this, and it's yet another little detail that raises a flag. "You can order a Model 3 online at the base price" but the reality is the above. What company makes a car available in (July) but 5 months later (half a model year) is only just selling to the general public? Don't forget- as the Model 3 ramp up drags on & on, the $7500 credit that enticed so many to order is continually nibbled away by the S & X (Company is @ 147K US sales thru Oct '17). Then the "$28K" Model 3 is a $42K car. Ouch.
  15. 2019 Lincoln MKC Clips Its Wings: Comments

    Looks good. Looks expensive. Looks more "old money" than the XT5, imo. Give me the 2.3 if I can't have the 3.7.
  16. Tesla Has Been Burning Through $8,000 Per Minute

    If Musk had people on board that had been though stuff like this before I'd say there could be a chance. Not looking good....
  17. Tesla Has Been Burning Through $8,000 Per Minute

    According to the details of his $20.1 Billion networth 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.
  18. 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.
  19. 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.
  20. 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.
  21. 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.
  22. Tesla Has Been Burning Through $8,000 Per Minute

    Burn baby Burn should be Tesla's new slogan!
  23. 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,
  24. 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.
  25. 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.
  26. 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.
  27. Yesterday
  28. 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
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