|
|
|
|
|
|
by Fricken
2838 days ago
|
|
|
"We think Tesla is worth zero"
-Jim Chanos You haven't been reading the same news I have. While there were plenty of red flags prior, Musk began digging Tesla's grave in earnest in fall 2016. He Started with the Alien Dreadnought, which was bonkers. He sold shareholders on buying Solar City using fake solar shingles which don't exist, that was $5b+ flushed down the toilet. Also he implemented HW2, which is thousands of dollars of hardware going into every new car regardless of whether customers pay for it. When Solar experts, finance people, Vehicle manufacturing experts and Autonomous vehicle experts get together and compare notes there's only one conclusion to arrive at: Tesla is fucked. Alien Dreadnought, Solar City, HW2. I call it the ASH doctrine: Musk's 3 point plan to reduce Tesla to ashes. Post chapter 11 Tesla may have a life ahead of it, but it's been a slow motion trainwreck for years. The Shorts, the Media, the Koch brothers, they didn't destroy Tesla. Musk did. He's incompetent, and nuts. It's pretty obvious now, but if you were paying attention, it was obvious before too. |
|
|
Seriously? Do you know the take rate of the option? It's been widely considered to increase margin, but if you have other sources, I'm interested.
>He sold shareholders on buying Solar City using fake solar shingles which don't exist, that was $5b+ flushed down the toilet.
That's false. The solar roof thing was accessory to the acquisition. More than a hundred have been installed and are being used as beta tests to improve it further. Since the beginning, Musk said the v1 should be considered like the Roadster 1, i.e not intended to be mass produced until v3 (remember "BlueStar"?)
As for Alien Dreadnought, he did say that wouldn't be possible with Model 3. So OK, that was one failed promise, but the Model 3 production and assembly lines remains one of the most automated one in the industry.
So for this one little think (which is more a name than a project), you conclude that Tesla is fucked. Okay.