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(Washington Post)   Is Obama helping to create a Tesla bubble? Well, is he?   (washingtonpost.com) divider line 135
    More: Scary, President Obama, economic bubble, California Air Resources Board, mass market, market value, Elon Musk  
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9224 clicks; posted to Main » on 17 May 2013 at 9:14 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-17 09:17:31 AM  
Doubt it. The new model S is pretty hype, and far cheaper than previous years.
 
2013-05-17 09:17:35 AM  
This is Obama's Benghazi.
 
2013-05-17 09:17:35 AM  
I misread and thought it said Obama was helping to create a tele tubbie...
 
2013-05-17 09:18:02 AM  
I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.

They are badass machines.
 
2013-05-17 09:18:02 AM  
4.bp.blogspot.com
A what?
 
2013-05-17 09:19:08 AM  
That would require that Obama actually knows what his administration is doing.  Based on recent history I'd say the answer is no.
 
2013-05-17 09:19:09 AM  
What is this, subby, farking red alert?
 
2013-05-17 09:19:22 AM  
Not really a bubble, more of a coil.
 
2013-05-17 09:19:51 AM  

cygnusx13: I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.


Easier to ask for forgiveness than for permission?
=Smidge=
 
2013-05-17 09:24:01 AM  

Nayest: What is this, subby, farking red alert?


Send in that spy with dual handguns and bombs, Obama!
 
2013-05-17 09:24:21 AM  
Well that's it. I'm not buying a Tesla now!

Damn you, Obama!
 
2013-05-17 09:25:37 AM  
Tesla bubble sounds like a weapon in the next Red Alert game. Zap Americas enemies with lightning!

/dnrtfa
 
2013-05-17 09:26:57 AM  
This "article" reads like it was written by someone who got screwed shorting TSLA at $27 a share.
 
2013-05-17 09:27:02 AM  

cygnusx13: I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.

They are badass machines.


My buddy has a deposit down on one...I am really looking forward to driving it.
 
2013-05-17 09:27:55 AM  
Article author is super concerned.
 
2013-05-17 09:28:10 AM  
If I had the scratch I'd give the Model S a serious look.  Seems like a nice car and the range is perfect.
 
2013-05-17 09:29:24 AM  
There is zero evidence to back that up subby, your pointless search for a scandal is waste of energy.
 
2013-05-17 09:30:39 AM  

Evil Mackerel: There is zero evidence to back that up subby, your pointless search for a scandal is waste of energy.


I don't think subby was being serious.

/not subby
 
2013-05-17 09:32:00 AM  

Smidge204: cygnusx13: I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.

Easier to ask for forgiveness than for permission?
=Smidge=


I asked my wife - "I wonder if a divorce comes standard with a Tesla?"

She didn't say yes!! (But she didn't say no, either).
 
2013-05-17 09:33:02 AM  
history's. greatest. monster.
 
2013-05-17 09:34:20 AM  
So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?
 
2013-05-17 09:35:51 AM  
Sigh.

The last time gas got super flipping ridiculous (which was late summer 2005ish if I recall) there was a massive outcry for vehicles that depended less on oil. Over the course of the next four years, gas prices moderated, so of course everyone kind of forgot about it and went back to business as usual, but the Obama administration continued to push to create incentives for auto makers to develop new vehicles.

Existing auto makers, of course, were in bed with the oil companies and refused to do so until that whole bailout thing. Elon Musk had the foresight to look at the incentive programs that were available and use those to offset the R&D work needed to make EV's a reality.

Now its looking like he'll end up having been the visionary and will come out pretty well financially for it. His company has reaped the benefits of selling ZEV credits and developing battery pack technology to license to other auto mfr'ers, yes, the ones who were balking on that for a long time, benefitting by being bed partners with the oil companies and doing their bidding.

When the subsidies go away, Musk will have a company selling very desirable high end vehicles that people will actually pay for, and all of his R&D work to develop them will have been subsidized by the government.

Sounds like shrewd business to me and not something to be butthurted about.
 
2013-05-17 09:37:28 AM  

praymantis: So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?


Doesn't mean he's 'against' the '1%'.

Subsidizing electric cars is a good thing, and as I remember correctly, gas-fueled cars started off as being a toy of the 1%, too.
 
2013-05-17 09:37:29 AM  
Why would anybody have a problem with subsidizing cars for the wealthy? The success will trickle down.
 
2013-05-17 09:37:54 AM  

praymantis: So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?


Did you really think that EV's were going to come in on the low end of the price spectrum? If so I have some property on Mars for sale...
 
2013-05-17 09:38:38 AM  

Cletus C.: Why would anybody have a problem with subsidizing cars for the wealthy? The success will trickle down.


Henry Ford's success says you're right, even if you're trying to be sarcastic.
 
2013-05-17 09:38:59 AM  
FTA: Tesla sold 4,900 cars and, not counting the sale of regulatory credits under California law, lost $53 million, or more than $10,000 per car.

Wow, Tesla is making a profit on every car it sells, unfortunately it has high operating cost as well. Had Tesla sold 0 cars it would have lost infinity money on each car.
 
2013-05-17 09:41:21 AM  
All electric vehicle technology gets pushed ahead a couple years and when the bubble pops a bunch of filthy hippies get left holding the bag.

Downside?
 
2013-05-17 09:44:01 AM  

praymantis: So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?


It is definitely an expensive car, but this is a "top 10%" car, not " top 1%"
 
2013-05-17 09:44:33 AM  
Obama is no modern day cowboy...
 
2013-05-17 09:45:41 AM  

Ned Stark: All electric vehicle technology gets pushed ahead a couple years and when the bubble pops a bunch of filthy hippies get left holding the bag.

Downside?


Run along and go short some Tesla stock. I'm sure it will work out as well for you as it did for the guy from last week's thread.
 
2013-05-17 09:45:48 AM  
Tesla at best will be a niche car maker for the wealthy like Lotus or Aston Martin. As rich as a Musk is the amount of capital you need to sell multiple models is astounding (R&D, Tooling, Marketing, employee costs, franchise laws etc.) The only way they become a real player in the car industry is if gas heads up to say $10-$15 per gallon. Based on the amount of oil reserves that have been recently I doubt that will happen anytime soon. With that said I am glad they had a profit last quarter but will the trend continue? Any ones guess!
 
2013-05-17 09:46:40 AM  
Wait this this hits the $30,000 price point.  The price of oil will drop dramatically when their monopoly of the auto market ends.
 
2013-05-17 09:46:58 AM  
I certainly hope not. It's a great hometown company pushing the envelope of sorely-needed technology. I root hard for these guys.
 
2013-05-17 09:47:26 AM  

praymantis: Tesla at best will be a niche car maker for the wealthy like Lotus or Aston Martin. As rich as a Musk is the amount of capital you need to sell multiple models is astounding (R&D, Tooling, Marketing, employee costs, franchise laws etc.) The only way they become a real player in the car industry is if gas heads up to say $10-$15 per gallon. Based on the amount of oil reserves that have been recently I doubt that will happen anytime soon. With that said I am glad they had a profit last quarter but will the trend continue? Any ones guess!


You haven't researched their business plan at all, have you?
 
2013-05-17 09:47:29 AM  

praymantis: Tesla at best will be a niche car maker for the wealthy like Lotus or Aston Martin. As rich as a Musk is the amount of capital you need to sell multiple models is astounding (R&D, Tooling, Marketing, employee costs, franchise laws etc.) The only way they become a real player in the car industry is if gas heads up to say $10-$15 per gallon. Based on the amount of oil reserves that have been

found recently I doubt that will happen anytime soon. With that said I am glad they had a profit last quarter but will the trend continue? Any ones guess!
 
2013-05-17 09:47:39 AM  
Something about this seems like a house of cards.
 
2013-05-17 09:48:42 AM  

Hollie Maea: praymantis: So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?

It is definitely an expensive car, but this is a "top 10%" car, not " top 1%"


Hush you, don't let reality get in the way of his roll

/germans...pearl harbor
 
2013-05-17 09:51:59 AM  
Tesla Bubble sounds like a steampunk spaceship.
 
2013-05-17 09:52:38 AM  

cchris_39: Something about this seems like a house of cards.


betting short, are ya?
 
2013-05-17 09:52:52 AM  

asmodeus224: Hollie Maea: praymantis: So the US Government is helping (Subsidizing)  a company  make an $80K car that can only be purchased by say 1% of the US Population. So President Obama is helping the rich buy a car, and I thought he was for the little guy?

It is definitely an expensive car, but this is a "top 10%" car, not " top 1%"

Hush you, don't let reality get in the way of his roll

/germans...pearl harbor


Yes 10% of the population may be able to afford one but there are some fantastic cars in that price range. It is a competitive market.
 
2013-05-17 09:54:52 AM  
I already have an all electric car, and it's fantastic. Every time I plug it in I can give a finger to OPEC. The cost savings on gas alone make it worth it. There is little doubt when my lease is up, I will seriously consider a Tesla for the range and performance.
 
2013-05-17 09:54:54 AM  

Hollie Maea: praymantis: Tesla at best will be a niche car maker for the wealthy like Lotus or Aston Martin. As rich as a Musk is the amount of capital you need to sell multiple models is astounding (R&D, Tooling, Marketing, employee costs, franchise laws etc.) The only way they become a real player in the car industry is if gas heads up to say $10-$15 per gallon. Based on the amount of oil reserves that have been recently I doubt that will happen anytime soon. With that said I am glad they had a profit last quarter but will the trend continue? Any ones guess!

You haven't researched their business plan at all, have you?


There are plenty of well written business plans out there of now defunct companies. I would rather invest in Ford than Tesla the dividend is way better.
 
2013-05-17 09:57:00 AM  

cygnusx13: I am *thiiiiis* close to ordering my Performance S. Last hurdle is getting final OK from Mrs.

They are badass machines.


You've got MY ok. I've wanted a Tesla since I first saw the Roadster. I'm hooked. There's a Tesla "dealer" in the mall here next to my office; they see me coming and collectively sigh... I smudge the wax job.
/if we buy it, **I'm** driving it and the hubby can stick with his Matrix.
//Matrix permanently smells like post-soccer BO
 
2013-05-17 09:57:12 AM  
My boss has a Model S.  Not only is it a great electric car, it's a great car period.  You have companies like Coda and FIsker that concentrate on the drivetrain and make the rest of the car as an afterthought  and look at where they are at now.  If Tesla can pull off the $30k car they are developing they will be rolling in money.
 
2013-05-17 09:58:48 AM  

Evil Mackerel: There is zero evidence to back that up subby, your pointless search for a scandal is waste of energy.


Well Obama needs to hurry up and sell weapons to Iran then. Why is he so inconsiderate?
 
2013-05-17 09:59:39 AM  

Ordinary Genius: Every time I plug it in I can give a finger to OPEC


Uh.... Hang on, are you saying this because you don't have to pay for gasoline or because you think the electricity that comes out of your wall is provided by magic elves?
 
2013-05-17 10:00:50 AM  

jelloslug: If Tesla can pull off the $30k car they are developing they will be rolling in money.


That is the KEY right there if they can develop a car for that price and gives you a range of 300 miles it will be a great success. If they can then some other large corporation(GM,Ford,Toyota) will just buy them which is great for the investors.
 
2013-05-17 10:01:26 AM  

praymantis: Tesla at best will be a niche car maker for the wealthy like Lotus or Aston Martin.


It is a Lotus.
 
2013-05-17 10:02:55 AM  

praymantis: jelloslug: If Tesla can pull off the $30k car they are developing they will be rolling in money.

That is the KEY right there if they can develop a car for that price and gives you a range of 300 miles it will be a great success. If they can then some other large corporation(GM,Ford,Toyota) will just buy them which is great for the investors.


They are already in a joint venture with Toyota (they make the drivetrain for the Rav-4 EV) so they are already in a good position.
 
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