SpaceX just made history.

[Gasser64]

Audi has several electrics coming.

Too many potential comments, I'll go with this:

Hopefully the electric motor is so awesome that even audi can't fuck it up. That's probably what they're banking on.

[Sgt Beavis]

Isn't this the year that GM, Ford, and a few others are going to be releasing their own full electric vehicles?

GM released the Bolt which has 238miles of range
The next gen Nissan Leaf is expected to have over 200 miles of range.
The Tesla Model 3 should have 215 miles of range at a minimum. There are expected to be versions with a larger battery and much longer range.
The 2017 BMW i3 got a new battery and has 120 miles of range but you can also buy it with a range extending engine.
Ford soldiers on with the Focus electric. Which doesn't have much range. To my knowledge, they don't yet have an official car in the works with a range over 200 miles.
Porsche has an electric 911 and 4 door sedan in the works.
Audi has several electrics coming.
VW has 5 fully electric vehicles coming from next year to 2022 when the electric Microbus is expected.

[Broncojohnny]

What do you attribute this to? And would you say that being in this state, would pretty much create a bear market during such a 10 year period?

The opposite, easy credit has always done the exact opposite. It enables risk taking. The challenge the Federal Reserve has on its hands now is letting the air out of the balloon in a controlled manner. That is why they are announcing rate hikes six months in advance.

There will be a point where all of this funding for these companies evaporates though, at some point people realize that the risk of funding Tesla is not worth the risk. The minute that Amazon or Tesla are judged like any other publicly traded company is the minute the shit hits the fan.

[Gasser64]

...of the current high risk low yield capital environment that we have dwelled in for over a decade now.

What do you attribute this to? And would you say that being in this state, would pretty much create a bear market during such a 10 year period?

I would not hold my breath waiting......

If I recall corectly you are a numbers guy so crunch some numbers and see how many of their cheap cars they would have to sell each year to even cover their monthly losses.

Isn't this the year that GM, Ford, and a few others are going to be releasing their own full electric vehicles?

[svauto-erotic855]

What's the matter Colonel Sanders? Chicken?

Chicken? Do you mean that I would be afraid of knowingly taking money that I know that I have no chance of repaying then the answer is "YES".


Edit: I will cut you a deal. Give me 450 billion of your own dollars and I will build you a black phallic symbol on the far side of the moon and will do so with machines designed and built before most of us here were even born.

[BLAKE]

Funny you say that but I built a pool about 8 years ago that had something like that at the far end as seen from inside of the house.




You do not see what is going on here. I do business to make a profit. SpaceX is not in the business of making a profit and you can not compete with that business model as long as fools are willing to continue funding it.

What's the matter Colonel Sanders? Chicken?

[svauto-erotic855]

It's important to rememberTesla is operating as designed and according to their business plan. They intend to work down to their 20-30k model and then turn a profit.

I would not hold my breath waiting......

If I recall corectly you are a numbers guy so crunch some numbers and see how many of their cheap cars they would have to sell each year to even cover their monthly losses. I will make it easy and say to assume that the sales price for every car sold is 100 percent profit.

[svauto-erotic855]

Doesn't matter. SVO's engineering skills are such that he could build the black monoliths from 2001: A Space Oddity.

Funny you say that but I built a pool about 8 years ago that had something like that at the far end as seen from inside of the house.

Hey man, that's even more reason for you to fire up a competitor! You can do it!

You do not see what is going on here. I do business to make a profit. SpaceX is not in the business of making a profit and you can not compete with that business model as long as fools are willing to continue funding it.

[YALE]

You do not understand the game being played. Mr Musk is a carnival barker who keeps up the hype to keep the money flowing so he can keep the project going. This is being done to fulfill his dreams and not for profit. The people putting money into the deal expect a profit but it is unlikely there will ever be one. Look at Tesla if you want an example of what I am saying. People are convinced that company is worth just a touch over 61 billion when their total annual revenue is not even 10% of that, they have never made a profit, they do not pay a dividend, and every asset the company owns totals up to about 1/3rd of that. The other 2/3rds (or 40 billion dollars) in value comes simply from Mr Musk selling the hype and as Flavor Flav wisely said "Don't believe the hype".

Hey man, that's even more reason for you to fire up a competitor! You can do it!

[YALE]

It's important to rememberTesla is operating as designed and according to their business plan. They intend to work down to their 20-30k model and then turn a profit.

Doesn't matter. SVO's engineering skills are such that he could build the black monoliths from 2001: A Space Oddity.

[CJ]

It's important to rememberTesla is operating as designed and according to their business plan. They intend to work down to their 20-30k model and then turn a profit.

[Broncojohnny]

Svoanal fixation has it right.

Tesla builds a pretty good product but they don't do it at a profit. They lose thousands on each car. In some quarters they will lose $30,000 on every car they sell.

I am completely unaware of the economics of Space X.

I want both ventures to succeed and do well but their existence is a symptom of the current high risk low yield capital environment that we have dwelled in for over a decade now. These companies would not exist if interest rates were higher. Because they aren't, these companies are allowed to burn capital instead of turn a profit in the hope that one day the dreams and visions are realized. An abundance of capital that expects little to no return has fostered an environment where quarter after quarter of operating losses are no big deal.

Tesla is not even the worst offender, they lost $330 million in the first quarter of this year. And they build something tangible, an actual product. Uber lost $700 million in the first quarter of this year, stop and think about that for a second and realize that they are a service company that generates nothing beyond a commodity service that others can perform.

It will all come crashing down eventually.

[svauto-erotic855]

No they didn't. Dude you have absolutely no clue what you're talking about here. You have some some outlandish shit for a long time...but this time I can tell you that you are 100% full of it.

Firefly was never about exploring the solar system and certainly didn't have it worked out.

You really need to work on your reading skills. I did not say any of what you are implying at all. Go back and re-read what I wrote before you start spouting off.

[Ruffdaddy]

Firefly had the better way pretty much down pat. They dusted off the plans that NASA was working on for a 2nd generation of space vehicles that were going to be used to explore the solar system. The only reason it did not happen was because of a loss of public interest and the rising cost from President Johnsons "Great Society". Great nations have to make a choice at some point. Do we have a massive welfare state that consumes 2/3rd's of every dollar spent by the government or do we explore the universe.

No they didn't. Dude you have absolutely no clue what you're talking about here. You have some some outlandish shit for a long time...but this time I can tell you that you are 100% full of it.

Firefly was never about exploring the solar system and certainly didn't have it worked out.

[Gasser64]

I'd like to ad that we need to destroy then ban the welfare state, and not fix it. Cancer can't be fixed, you've got to be rid of it.