The Market Ticker
Commentary on The Capital Markets- Category [Company Specific]
2017-11-19 13:56 by Karl Denninger
in Company Specific , 1152 references
[Comments enabled]  

If you want one of their alleged "Super-Roadsters" you need to ante up $5,000 now plus $245,000 more within 10 days by wire transfer.

Note that the car will not be "ready" and "deliverable" for three years according to Master Touter Musk.

What happens if "three years" turns into "never"?

You flushed $250,000 down the toilet.

May I remind you that Tesla is a money-losing enterprise and has been since it was founded.  It has never made a profit, it has zero in retained earnings and you will be an unsecured, back-of-the-line creditor with your "reservation" -- which they will spend the minute it comes in the door.

If the "Reservation" was a modest amount of money this might be defensible.  $5,000 as a punt on a "supercar"?  Sure, why not.

When it's a quarter of a million bucks it not only is indefensible in my opinion the solicitation of same borders on criminal fraud since the company has absolutely no reasonable reason to believe it will be able to ever deliver said car.

Let me remind you that their "example" shown was damn fast and impressive.

It also almost-assuredly had nearly zero range, was "damn fast" because it intentionally had nearly no battery in it and thus might have had a range of a few miles in its "present" configuration which was simply "stick big electric amp-sucker on each wheel and it breaks the 3-second barrier, damn actual ability to use said vehicle for more than a stunt showing to Hell."

You cannot get around physics folks.  Tesla is betting you will fork up a quarter million dollars for something they cannot deliver now, might never be able to deliver as I suspect the technology necessary in the battery department to do it within the weight and power budget does not currently exist in a form that can be manufactured and further, the company may not exist in three years as it only does so today due to being able to continually go back to the well of Wall Street and either issue more stock or debt to fund the charismatic preaching of Elon Musk which thus far has translated into losing money on each vehicle made.

One "market disruption" that occurs at the wrong time and Tesla is literally out of money and out of business.

If that happens, which I believe is quite likely, your $250 large is going to go "poof" like a fart in a church.

Oh, may I remind you that EV subsidies, which have enabled Tesla to run a "tax farm", are going away -- and may well precipitate that "market disruption"?

Musk ought to be in prison for running this crap.

View this entry with comments (opens new window)
 

2017-07-20 15:38 by Karl Denninger
in Company Specific , 251 references
[Comments enabled]  

How do you stop Zuckerpig's privacy invasions?

Boycott anyone who advertises on those sites -- do not buy and do not do business with in any other way.  How do you know they're advertising?  You see "Sponsored" or any sort of video ad from a given entity.

This post is exempt and will never go away.  I will add to it as I see new companies, and if you do and can confirm it to me I'll add them.  Here's my pledge: If I see an ad from your firm on any of Zuckerpig's properties or sufficient confirmation (e.g. seeing such an ad on someone else's device in the app) I will never buy anything from you.

You choose -- you advertise and pay that company to do so, you lose my business.  To get it back you must permanently pledge to never again advertise on any Facebook-owned property, in public, via a formal press release or other similarly-verifiable and public method.

Oh and you get one second chance, never more.

Advertising is legal.  So is refusing to do business with you because you are the primary and in fact nearly the sole source of funds for a company that does things I consider detestable.

So here is the start of it folks, and yes, it will grow.... check back often!

  • Best Buy (Oh well; I've bought plenty there)
  • REI (this one hurts; I like them.... but no more!)
  • Big Green Egg (Sorry *******s, I was interested but NOT NOW!)
  • Southwest Airlines (all airlines SUCK, but now these ****ers are on my blackball list)
  • Consumer Reports
  • Inked Magazine
  • Runner's World (oh well!)
  • 30A clothing company (oops -- that one's local)
  • The Heritage Foundation (oops again!)
  • Huffington Post (no loss there)
  • A&E TV
  • We Are The Mighty (Military-oriented news org)
  • Orbitz
  • LinkedIN (be a paying customer and you're blackballed - as employer or employee!)
  • iHeartDogs.Com
  • Pensacola Runners Association (ouch; they sponsor races I'd run in...)
  • National Geographic (oh well)
  • CNet (Bleh)
  • 22 Words (Clickbait garbage, but heh)
  • Theclymb.com
  • Active.com (oops again; and I have bought quite a lot from gearup...)
  • 12 Tomatoes
  • The Penny Hoarder (yeah, another clickbait garbage site, but..)
  • SoWal (oops -- bye-bye Walton County beach businesses..)
  • Innermost House (San Fran Non-profit... good for some west coasters)
  • NTD Television
  • The New York Times (shock - NOT!)
  • Conservative Tribune (news)
  • Netgear (Router/ipCam/etc manufacturer)
View this entry with comments (opens new window)
 

Main Navigation
MUST-READ Selection:
Our Nation DESERVES To Fail

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be sent unmodified to lawmakers via print or electronic means or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media, to republish full articles, or for any commercial use (which includes any site where advertising is displayed.)

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.