For those who don't get that reference, see https://www.cnbc.com/2017/09/12/jpmorga ... arter.html. This is when cryptocurrencies were just going up and up. I hadn't known about the tulip bulb craze until that was mentioned.
Are you conflating two separate companies: Tesla and SpaceX?GaleHawkins wrote: ↑Tue Feb 04, 2020 8:57 amHave you seen the plans for the Tesla Semi on Mars? Solar power is the main power source in space. How many tankers of gas and diesel have been sent by rockets to the International Space Station?
The Tesla car is leading to better battery packs for space and more efficiency of electric motors that are be used on Mars.
The point Gale is making is that the ISS doesn't run on gas. It runs on electricity (and, inconveniently, hydrazine) - fuels of the future. With Tesla's electric powertrains and huge battery production capacity, they could afford to ship a fully sustainable ground transportation system to Mars on their Starship.cwerdna wrote: ↑Wed Feb 05, 2020 6:24 pmAre you conflating two separate companies: Tesla and SpaceX?GaleHawkins wrote: ↑Tue Feb 04, 2020 8:57 amHave you seen the plans for the Tesla Semi on Mars? Solar power is the main power source in space. How many tankers of gas and diesel have been sent by rockets to the International Space Station?
The Tesla car is leading to better battery packs for space and more efficiency of electric motors that are be used on Mars.
Why would you send gasoline and diesel to the ISS? Internal combustion engines require burning of oxygen w/the fuel to provide motive force. You'd be burning up what little oxygen there is in the space station or need to generate it via other means. Would good would an ICE do at the ISS?
https://www.autoblog.com/2020/02/14/tes ... -subpoena/Tesla prices $2 billion stock offering at $767 a share
Company also reveals the SEC had subpoenaed its financial information
. . . Just two weeks ago, CEO Elon Musk said the company had enough cash to fund its capital programs and that it didn't need to raise any more money.
But Tesla is taking advantage of seemingly insatiable demand for its stock. Tesla shares have almost doubled since the start of the year, and it's quadrupled since June.
That demand continued to surge Thursday, even though issuing the additional 2.65 million shares could dilute the value of the 180 million shares now on the market.. Nonetheless, shares closed up another 5%.
In early trading Friday, shares of Tesla Inc. were essentially flat in light trading at around $806.
Tesla also said Thursday that its U.S. revenue fell last year and that securities regulators are scrutinizing its finances.
All of the developments were disclosed in filings with U.S. Securities and Exchange Commission, which in December subpoenaed financial data and contracts, including the company’s financing arrangements.
In a prepared statement, Tesla said Musk will buy $10 million worth of the stock while billionaire board member and Oracle co-founder Larry Ellison will buy shares worth $1 million. . . .
In the Thursday filing, Tesla said underwriters of the share sale have a 30-day option to buy another $300 million in common stock. The company estimated that the net proceeds from the sale would be $2.31 billion if the underwriters exercise the options. . . .
On the company’s fourth-quarter earnings conference call on Jan. 29, Musk was asked about raising capital since the stock had gone up so dramatically.
He replied that the company was spending money as fast as it could spend sensibly, yet it’s still generating cash. “So in light of that, it doesn’t make sense to raise money because we expect to generate cash despite this growth level,” he told analysts.
In a note to investors, Wedbush analyst Daniel Ives called the stock sale a smart move because the shares are in a strong position as electric vehicle demand is starting to reach an inflection point, with China as the main driver.
He also wrote that the sale removes a potential cash shortage down the road. “The bulls (which we agree with) will say this essentially rips the Band-Aid off and takes the doomsday cash crunch scenario some predicted down the road now off the table," Ives wrote.
Tesla also disclosed on Thursday in its annual report that the SEC subpoenaed information in December about the company's financing arrangements but gave no further details. . . .
Also in the annual report, Tesla disclosed that its U.S. revenue fell 15% last year to $12.65 billion, despite record vehicle sales. The U.S. is by far its largest market. But overall revenue rose nearly 15% to $24.58 billion on increases in China, the Netherlands and Norway.
The company said that at the end of last year it had 48,016 employees, 801 fewer than in 2018.
Tesla lost $862 million last year and has never posted an annual profit. But it made $105 million in the fourth quarter. At the end of last year, it had $6.27 billion in cash and equivalents on hand, almost 70% better than at the close of 2018. But its debt grew from $9.4 billion at the end of 2018 to $11.6 billion in December of 2019.
... a broader trend that all Americans should be aware of — and angry about. Across industry after industry, sector after sector, power and market share have been consolidated into the hands of a handful of players.
That quote is true, but I would say that Tesla is overcoming more monopolistic practices than it is creating. There's a difference between legitimately dominating a market and being a monopoly.WetEV wrote: ↑Wed Feb 19, 2020 8:24 amThe future looks bright... If Tesla can become another monopoly.
https://www.vox.com/the-goods/2020/2/18 ... eerleading
... a broader trend that all Americans should be aware of — and angry about. Across industry after industry, sector after sector, power and market share have been consolidated into the hands of a handful of players.
Tesla is no way a monopoly but is setting standards in auto and space by being a doer.webb14leafs wrote: ↑Wed Feb 19, 2020 10:31 amThat quote is true, but I would say that Tesla is overcoming more monopolistic practices than it is creating. There's a difference between legitimately dominating a market and being a monopoly.WetEV wrote: ↑Wed Feb 19, 2020 8:24 amThe future looks bright... If Tesla can become another monopoly.
https://www.vox.com/the-goods/2020/2/18 ... eerleading
... a broader trend that all Americans should be aware of — and angry about. Across industry after industry, sector after sector, power and market share have been consolidated into the hands of a handful of players.
Auto dealers are a good example of where Tesla is overcoming a current monopolistic practice. Yes, the glass is half full.webb14leafs wrote: ↑Wed Feb 19, 2020 10:31 amThat quote is true, but I would say that Tesla is overcoming more monopolistic practices than it is creating. There's a difference between legitimately dominating a market and being a monopoly.
Source? To what level do you define "components"? Let's set aside seats and batteries. Are you telling me they also manufacture their own glass, semiconductors, switch gear (e.g. switch and buttons), resistors, bearings, headlight and taillight assemblies, bulbs, capacitors, struts for the trunk/hatch and frunk, glass, wiring harnesses, struts, power steering racks (including boots, shafts, motors), AC compressors, heaters, hoses, tubes, tires (definitely not), wheels, fabrics, fasteners (e.g. plastic ones, screws, bolts, nuts, etc.)?