Tesla to cut thousands of jobs as Elon Musk warns the ‘road ahead is very difficult’

taxslave

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Nov 25, 2008
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On the news this morning they said in Vancouver and presumably elsewhere there is a back log of EVs waiting to be "bought" today because there is a bunch of OPM bribes kick in today. From what the rust pimp they interviewed said the bribe applies to any vehicle that has a base price under$45G regardless of the total cost with options. If real cars and trucks had equal subsities would anyone buy an EV?
 

petros

The Central Scrutinizer
Nov 21, 2008
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Try finding an EV under $45K. Cheapest is $44,800. Spare keys or floor mats put it over $40K. There were only 3 cars on lots in Canada that qualified.
 

Twin_Moose

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Apr 17, 2017
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why are you so stupid?
were you dropped on your head as a youngster?

Holy phuck man read your own articles it was a Teasla claim not a performance report

There's a magical number that Musk says will be surpassed.
The upcoming, all-new Tesla Roadster will have the highest electric range of any production EV ever made. In fact, it's electric range will exceed 1,000, but not in miles.

With the recent range upgrades for the Tesla Model S and Model X, the question of range for the upcoming Roadster has again surfaced.
Tesla CEO Elon Musk previously touted the Roadster's range as untouchable by any other electric car. When the Roadster was first revealed, the automaker listed its range at 620 miles. That's a figure that's unheard of today.

Why do you have to be so slimy defending yourself? If you still want to refute the facts have at it you can win this argument with proof you see in your own mind.
 

Hoid

Hall of Fame Member
Oct 15, 2017
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The problem is that you are extremely slow-witted.

You want to know how Tesla's are tested and whether it is wih the lights on etc etc?

Go find out from the EPA because they do the testing. Their methodology will be freely available to the public.
 

Twin_Moose

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Apr 17, 2017
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The problem is that you are extremely slow-witted.
You want to know how Tesla's are tested and whether it is wih the lights on etc etc?
Go find out from the EPA because they do the testing. Their methodology will be freely available to the public.

EPA can't test it until one is produced so it is Teasla's claim and since you know so much about them is there claim of 1000km with all accessories on or not?
 

petros

The Central Scrutinizer
Nov 21, 2008
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EPA can't test it until one is produced so it is Teasla's claim and since you know so much about them is there claim of 1000km with all accessories on or not?
EPA rates my toy truck at 17mpg combined my big truck at 22mpg. I've hit 28mpg on the toy and 30mpg on the STX.

What I am I doing to EPA isn't?

 
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MHz

Time Out
Mar 16, 2007
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How about a camera that hits the brakes if a 'warm body' enters your path while you are playing with the pretty lights??
 

MHz

Time Out
Mar 16, 2007
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Does anyone know how they dispose of the batteries after they are worn out?
Toxic Waste site if you are doing it legally. I would suggest the bottom of the trench just east of Japan should become the toxic dump for the world. You are not coming back from there until you have been to the core and returned.
 

MHz

Time Out
Mar 16, 2007
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Perhaps it was a test done in America. If 'miles' are mentioned that would also point to the article being made for Americans.
 

Cliffy

Standing Member
Nov 19, 2008
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Funny, in Norway, electric cars have surpassed all other types this year. We'll see if the trend catches on in other countries. I would say that gas and oil are on the way out.
 

taxslave

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Nov 25, 2008
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Funny, in Norway, electric cars have surpassed all other types this year. We'll see if the trend catches on in other countries. I would say that gas and oil are on the way out.
You say lots of things not related to reality. But you are part right. At some point there will be several options for power, possibly even combined. Hydrogen fuel cells still are promising for one. But there are many uses for fossil fuels besides gas and there will always be a market for them.
 

Twin_Moose

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Tesla in ‘Code Red Situation’ as Sell-Off Exceeds 20%

(Bloomberg) -- Tesla Inc.’s stock rout following this month’s $2.4 billion capital raise intensified after a once-bullish analyst called the range of issues facing the electric-car maker a “code red situation.”

The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up its balance sheet. In that span, Tesla has plunged more than 20% and fallen back behind Ford Motor Co. by market capitalization.
In a note Sunday, Wedbush analyst Dan Ives wrote that Tesla faces a “Kilimanjaro-like uphill climb” to hit targets for profitability in the second half of the year. He cast doubt on underlying demand for the company’s first mass-manufactured vehicle, the Model 3 sedan, and cut his price target on the stock to $230 from $275.
Once among the most bullish analysts covering Tesla -- he slashed his target from $365 just last month -- Ives said he has “major concerns around the trajectory of Tesla’s growth prospects.”
Tesla shares fell as much as 7.5% to $195.25, breaching the $200 level for the first time since December 2016. The stock had already closed at the lowest level in almost 2 1/2 years on Friday, after Chief Executive Officer Elon Musk called for a “hardcore” review of all the company’s expenses and another analyst warned of potentially severe fallout from a fatal crash involving Autopilot.
Tesla delivered just 63,000 cars in the first quarter but expects to deliver 90,000 to 100,000 cars in the second quarter, and 360,000 to 400,000 for the year. Ives said hitting the full-year target is going to be a “Herculean task” and sees 340,000 to 355,000 as a more likely scenario.
Representatives for Tesla didn’t respond to requests for comment.
Tesla’s 5.3% bonds due 2025 now yield about 9%, according to Trace, well above the average yield for a B-rated company. The bonds have trailed the broader Bloomberg Barclays Single B U.S. High Yield Index this year by around 500 basis points, according to Bloomberg Intelligence analyst Joel Levington.
“There’s little in the form of favorable credit catalysts to turn momentum around in the near term,” Levington said in a report Monday. The bond price dropped below 83 cents on the dollar and was one of the biggest losers in the high-yield market Monday, according to Trace.
Musk, 47, recently told employees in an email that he and Chief Financial Officer Zachary Kirkhorn will personally scrutinize expenditures following a worse-than-expected first-quarter loss. After having to pay off a $920 million convertible bond with cash in March, another $566 million is due in November.
When drumming up interest for a stock and debt offering earlier this month, Musk pitched investors on a future of autonomous robotaxis as the key to Tesla becoming a $500 billion company. Its market capitalization is now about $36 billion, trailing General Motors Co. and Ford.
If Tesla is unable to earn profit in the second half of the year, the company may need to raise another $1 billion to $2 billion of capital, Ives said in an interview with Bloomberg Television.
 

coldstream

on dbl secret probation
Oct 19, 2005
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I never would have invested in Electric Cars. Not only are they enormously expensive, inefficient and limited in range compared to internal combustion autos. But they are far worse environmental threats through the manufacture and disposing of toxic batteries.
 

Hoid

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Oct 15, 2017
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I never would have invested in Electric Cars. Not only are they enormously expensive, inefficient and limited in range compared to internal combustion autos. But they are far worse environmental threats through the manufacture and disposing of toxic batteries.
lol inefficient compared to IC autos.

what an uneducated boob.