Get ready for a pile up Tesla

[x3 skier]

WSJ Columnist think the car part of Musk’s empire is doomed.

https://www.wsj.com/articles/get-re...XgOudblzno4lW/g==&reflink=article_email_share

Cheers

 

[Chrispee]

WSJ is tiresome in its bias towards big oil. While it's interesting to debate the short-term financial viability of Tesla's operations, it's ridiculous to say the "empire is doomed". If Tesla reaches insolvency, there will be many big sharks circling the waters ready to buy/restructure and carry on the nameplate.

Most of these sorts of articles put a focus on electric vehicle subsidies (many of which are consumer-end), but conveniently neglect to counterbalance with details of the massive fossil fuel subsidies that exist.

 

[tompalm]

Tesla might make a great car, but the company is having problems and I wouldn’t buy one. As far as other companies buying to carry on the nameplate, that might happen, but it will not be the same. The company has too much debt and not making a profit. Corners would be cut and things would change to make a profit. All the other companies are coming out with electric cars that are better and have better service centers. The new Audi E-Tron is the way to go.

https://en.m.wikipedia.org/wiki/Audi_e-tron_(2018)

 

[DrQ]

Would you spend $60K - $100K for something that could go POOOF!

Reminds me of Trump branded condos. (Business, NOT political)

 

[bnoble]

If you ask someone higher up at Intel, they will tell you that they are not a technology company. Their competitive advantage is not what their chips do. They are a manufacturing company. Their competitive advantage is that they can make chips with a smaller defect rate and at a better economy of scale than anyone else.

Tesla is an awesome technology company. The cars they build are really amazing. But it turns out that making cars at scale efficiently is a hard thing to do. The question is whether or not Tesla will learn how to do that in time to make it. I think that is an open question. I hope they do, but even if they don't, the work they've done advancing the technology can inform the rest of the industry (and it already has).

 

[Passepartout]

Tesla has shown that a viable electric car can be built. The big legacy car makers are reluctantly and quietly chasing Tesla, and also losing money on every one they build. But each year, they lose a little less, charging infrastructure spreads, and the world gets closer to scarcity and higher prices of fossil fuels.

Whether Elon Musk chooses to continue funding the necessary innovation to be the company the auto industry chases, or be another respected niche player remains to be seen.

I'm rooting for them, but wouldn't buy a Tesla (yet), and I think there are a lot of people like me.

Jim

 

[DrQ]

I'm rooting for them, but wouldn't buy a Tesla (yet), and I think there are a lot of people like me.

Jim

Exactly.

 

[Brett]

Tesla has shown that a viable electric car can be built. The big legacy car makers are reluctantly and quietly chasing Tesla, and also losing money on every one they build. But each year, they lose a little less, charging infrastructure spreads, and the world gets closer to scarcity and higher prices of fossil fuels.
Whether Elon Musk chooses to continue funding the necessary innovation to be the company the auto industry chases, or be another respected niche player remains to be seen.

I'm rooting for them, but wouldn't buy a Tesla (yet), and I think there are a lot of people like me.

Jim

I'm not exactly rooting for Tesla /Elon Musk but someday oil wells will run dry and everyone will be driving electric cars or hydrogen or packed in mass transit. When that time occurs is still speculative so I'll hold off on buying Tesla cars (and tesla stock)