Tesla Asks for More of Your Money
I am no fan of Tesla Motors. I think it is a hype machine which never should have been allowed to go public, never should have received government funding and never should be allowed to hold another press conference for cars which don't exist.
Let me reiterate - this is a company which has always lost money - generally huge sums of money - and has only built and sold 1,800 cars. Those cars are essentially Lotus designed and built, other than a battery pack of 6,000 laptop batteries.
And yet, in the last round of idiotic loans to undeserving "green" companies, Tesla was given $465 million dollars. And now, it is going back to the well, and in the middle of a massive economic crises where the last goddamn thing we need is expensive electric toys for the super rich or mathematically challenged (or both), they are asking for more government funding.
They have not disclosed how much they are asking for, or even why they are asking - but they are asking. Supporters of the company think it is for it's new "affordable" sedan (rumored to cost only $40,000 or so). Others, including me, think that just like Bricklin's EV-1, Tesla has no where near the amount of capital needed to build a real brand (not a toy for the super rich), and will most likely go bankrupt before it goes mainstream.
Anyway - there are liberals out there whining that losses are the price of innovation. That is what the market is for you fucking assholes. Why the hell is the government getting involved you Ayn Rand villain idiots?
As a side note, a Tesla costs $110,000. That is twice what the car it is based on, the Lotus Elise (and it is a much better, more fun to drive car), plus 450,000 miles of gasoline. Yes - 450k, as in almost half a million miles. And don't give me "its better for the environment" - it isn't. You could use that money and buy thousands of tons of carbon credits, or plant a few thousand trees, and still have enough gas left over for 100k miles of driving.
Let me reiterate - this is a company which has always lost money - generally huge sums of money - and has only built and sold 1,800 cars. Those cars are essentially Lotus designed and built, other than a battery pack of 6,000 laptop batteries.
And yet, in the last round of idiotic loans to undeserving "green" companies, Tesla was given $465 million dollars. And now, it is going back to the well, and in the middle of a massive economic crises where the last goddamn thing we need is expensive electric toys for the super rich or mathematically challenged (or both), they are asking for more government funding.
They have not disclosed how much they are asking for, or even why they are asking - but they are asking. Supporters of the company think it is for it's new "affordable" sedan (rumored to cost only $40,000 or so). Others, including me, think that just like Bricklin's EV-1, Tesla has no where near the amount of capital needed to build a real brand (not a toy for the super rich), and will most likely go bankrupt before it goes mainstream.
Anyway - there are liberals out there whining that losses are the price of innovation. That is what the market is for you fucking assholes. Why the hell is the government getting involved you Ayn Rand villain idiots?
As a side note, a Tesla costs $110,000. That is twice what the car it is based on, the Lotus Elise (and it is a much better, more fun to drive car), plus 450,000 miles of gasoline. Yes - 450k, as in almost half a million miles. And don't give me "its better for the environment" - it isn't. You could use that money and buy thousands of tons of carbon credits, or plant a few thousand trees, and still have enough gas left over for 100k miles of driving.
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