User avatar
LTLFTcomposite
Posts: 4720
Joined: Fri Apr 23, 2010 6:06 pm
Delivery Date: 10 Dec 2011
Leaf Number: 5926
Location: Central FL

Questionable Tesla subsidies

Wed Jun 02, 2010 7:12 pm

LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue
2016 SV-adjacent May 2016 lost 4th bar March 2018

User avatar
EVDRIVER
Moderator
Posts: 6706
Joined: Sat Apr 24, 2010 7:51 am

Re: Questionable Tesla subsidies

Wed Jun 02, 2010 7:19 pm

Double questionable Fox spin.

User avatar
LTLFTcomposite
Posts: 4720
Joined: Fri Apr 23, 2010 6:06 pm
Delivery Date: 10 Dec 2011
Leaf Number: 5926
Location: Central FL

Re: Questionable Tesla subsidies

Wed Jun 02, 2010 7:38 pm

EVDRIVER wrote: Double questionable Fox spin.
Yeah, well this whole Tesla thing smells bad if you ask me, even before this report.
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue
2016 SV-adjacent May 2016 lost 4th bar March 2018

efusco
Posts: 67
Joined: Fri Apr 23, 2010 5:01 pm
Delivery Date: 26 Jun 2015
Location: Nixa, MO
Contact: Website

Re: Questionable Tesla subsidies

Wed Jun 02, 2010 7:49 pm

ridiculous spin, no balance to that story at all.
Evan Fusco
2004 Prius Owner
2006 Highlander Hybrid Owner

Tesla Model S Reservation Holder
Nissan Leaf Reservation Holder

User avatar
DeaneG
Posts: 1110
Joined: Tue May 04, 2010 9:20 pm
Delivery Date: 01 Apr 2011
Leaf Number: 594
Location: Cupertino, CA

Re: Questionable Tesla subsidies

Wed Jun 02, 2010 7:51 pm

Fox news is so funny!
White SL w/L3, 3kWDC Solar PV

User avatar
LTLFTcomposite
Posts: 4720
Joined: Fri Apr 23, 2010 6:06 pm
Delivery Date: 10 Dec 2011
Leaf Number: 5926
Location: Central FL

Re: Questionable Tesla subsidies

Thu Jun 03, 2010 4:22 am

So what are the inaccuracies? Or is it just flawed because it is Fox News?
LTL
White 2012 SV delivered 10 Dec 2011 returned 25 Nov 2014 replaced with stopgap ICE Sentra
[35 months] [35K miles] [9 Bars]
2013 Volt replaced after 36 months/30k miles with ICE Rogue
2016 SV-adjacent May 2016 lost 4th bar March 2018

efusco
Posts: 67
Joined: Fri Apr 23, 2010 5:01 pm
Delivery Date: 26 Jun 2015
Location: Nixa, MO
Contact: Website

Re: Questionable Tesla subsidies

Thu Jun 03, 2010 5:50 am

Where do we start...
First they blame the money on the Obama administration, it was awarded under a program initiated by Bush.
While the Roadster is low production and their income is certainly not matching their expenses, this was by design as part of a long range program intended to make Tesla a mainstream manufacturer in coming years.
They didn't mention the nearly 3000 site-unseen $5000 deposits on the upcoming Model S.
They didn't mention the numberous significant partnerships such as the recent one w/Toyota, the prior w/Daimler, the recent with Panasonic for batteries.

Is this still a high risk tech stock company...yup. But to suggest that the loan was a bad idea is just not fair to Tesla. The loan program was specifically designed to promote companies just like Tesla to bring new ideas, new vehicles and greener vehicles to the market place.
Evan Fusco
2004 Prius Owner
2006 Highlander Hybrid Owner

Tesla Model S Reservation Holder
Nissan Leaf Reservation Holder

User avatar
LEAFer
Posts: 2647
Joined: Mon May 24, 2010 10:10 am
Delivery Date: 19 Jan 2011
Leaf Number: 000215
Location: Sacramento Area

Re: Questionable Tesla subsidies

Thu Jun 03, 2010 8:41 am

To further illustrate Evan's point ...

Right at the start of the report ... second sentence: "Your tax dollars being used to help a rich inventor pay off his ex in a divorce settlement."

At about 2:35 "The only money he can depend on is this half-a-billion dollars from the feds." makes it sound like the "feds" are sticking it into Elon Musk's personal pocket ... (to pay his divorce settlement -- is implied).

At about 2:45 "... if half a billion tax payer dollars is going into paying for that IPO ... means my money is going into his divorce settlement" :o WHAT!!?? :roll: Unless the federal gov't buys Tesla shares at the IPO ... like they "bought" shares in GM ... never mind ... not even worth dignifying with a response. Like Evan said ... the 465m is a Bush program and the specific Tesla LOAN GUARANTEES were already approved in advance of the IPO announcement after a stringent review process. (Actually I think they are low-interest loans (not guarantees) being closely monitored and dished out in small increments for specific Model S and power-train development.) So the 465m has nothing to do with the IPO (which is NEW money from other sources). (Yes, ok, the loans from the feds makes for a more viable company and a prettier IPO.)
2011 Silver SL+QC [Mfg: 11/2010] 36mo/15k LEASE
06Jun2013 Status [28.5 months][34,173 miles][11 bars]
Lost CapacityBar 6/6/13 @34,173 miles while in LEAF Battery Monitor: 83.41%, 71.4F (avg); cool overnight;

Return to “Business / Economy and Politics”