Armed Polite Society

Main Forums => The Roundtable => Topic started by: Hawkmoon on July 23, 2018, 02:37:30 AM

Title: Tesla
Post by: Hawkmoon on July 23, 2018, 02:37:30 AM: Looks like Tesla is trying to pull a Walmart, and blackmail their suppliers into cutting prices.

https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091

The take-home quote from the article:

Quote
Dennis Virag, a manufacturing consultant who has worked in the automotive industry for 40 years, said a solicitation like Tesla’s could put suppliers in financial peril and jeopardize its future supply of car parts.

“It’s simply ludicrous and it just shows that Tesla is desperate right now,” he said. “They’re worried about their profitability but they don’t care about their suppliers’ profitability.”

I hope they fail monumentally. I didn't volunteer to subsidize Tesla and make Elon Musk a billionaire.
Title: Re: Tesla
Post by: grampster on July 23, 2018, 07:27:02 AM: Electric cars are the mastodons of virtue signaling. :old:
Title: Re: Tesla
Post by: HankB on July 23, 2018, 10:05:27 AM: Quote from: Hawkmoon on July 23, 2018, 02:37:30 AM
I didn't volunteer to subsidize Tesla and make Elon Musk a billionaire.
Me neither.

I read that a lot of people are canceling their pre-orders for Tesla's Model 3, since 1) they're initially only going to be shipped with >$10k of options, quite a bit for a car advertised as selling in the low $30k range; and 2) fed.gov subsidies to buyers of electric cars are going to run out soon, driving up the buyer's cost considerably.
Title: Re: Tesla
Post by: Fly320s on July 23, 2018, 10:08:10 AM: Quote from: Hawkmoon on July 23, 2018, 02:37:30 AM
I hope they fail monumentally. I didn't volunteer to subsidize Tesla and make Elon Musk a billionaire.

What did you volunteer to subsidize? Other companies? Other industries? Farming?

I got bad news for you, Hawkmoon, many industries and companies are subsidized.
Title: Re: Tesla
Post by: Perd Hapley on July 23, 2018, 11:18:05 AM: The SJW mob is after Musk now, so expect more bad news about him.
Title: Re: Tesla
Post by: sumpnz on July 23, 2018, 11:19:00 AM: Wish I'd bought January 2020 $50 puts when they were under $1/share.
Title: Re: Tesla
Post by: Hawkmoon on July 23, 2018, 02:55:22 PM: Quote from: Fly320s on July 23, 2018, 10:08:10 AM
What did you volunteer to subsidize? Other companies? Other industries? Farming?

I got bad news for you, Hawkmoon, many industries and companies are subsidized.

Thank you SOOOOO much for reminding me of that. [barf]
Title: Re: Tesla
Post by: freakazoid on July 23, 2018, 07:41:10 PM: Hey now, I can't have them go under. I need them to buy cobalt!
Title: Re: Tesla
Post by: Andiron on July 23, 2018, 08:05:05 PM: I'm still waiting for Musk to go extreme spelunking with his little u-boat in Thailand.
Title: Re: Tesla
Post by: RoadKingLarry on July 23, 2018, 09:06:07 PM: I'm going to predict a total Musk meltdown with 6-8 months.
That will be the end of Tesla Motors.
Title: Re: Tesla
Post by: just Warren on July 23, 2018, 09:23:33 PM: Really? This is the same guy that took a company from $20 a share to $380 a share while losing close to five billion dollars.

I don't think he's out of tricks quite yet.