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Old 07-04-2008, 02:43 AM   #12 (permalink)
rob13572468
the devil's advocate...
 
Join Date: Feb 2005
Location: chicago
Posts: 883
Quote:
Originally Posted by goldengatehornet View Post
Tesla is going to get California taxpayers' money for the production of it's next car. And they're planning to go public and sell stock in less than 6 months. But, they've only delivered FOUR cars to date, and someone else (Lotus) builds it for them. These guys have never manufactured a car in their lives. Would you buy stock from these guys?

This is all part of that 'hype' aspect that lets people conveniently ignore the blaring facts, particularly when those facts point to a company that is heading for a delorean repeat.

I had heard essentially that they are still only producing one car a week (remember the 1 car/week and ramping up to 40/week thing from back in january). That means that to date they should have produced TEN cars. If they only have 4 out there then its far worse than what i have heard. The problem comes when youy just start adding the numbers.. At 1 car/week the company with its reported size and employees is hemmoraging money and I believe the purported number is 10/week just to break even at this point. In the mean time they are simply eating away the venture capital.


I talked to someone who supplies parts to tesla and what I heard does not sound very good for the company. Lets just say I would be very interested to hear of anyone who has a tesla and what sort of issues the car has had.
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