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Tesla is an interesting company with a lunatic for a leader. It also might be the biggest fundraising scheme in the history of the world.
Today, they announced that they will cut 9% of salaried workers. Is it the beginning of the end?
I confess, I have driven a Model S and appreciate the experience. It’s a cool product, but I don’t see how the economics will ever work for Tesla.
I also think the lifecycle costs of the cars are going to come back to bite those who buy them.
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Sic transit gloria mundi (so shut up and get back to work) -
“Profit is obviously not what motivates us.”
Said no public company CEO until now. Musk in his internal memo, subsequently posted (by him) to Twitter.
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Sic transit gloria mundi (so shut up and get back to work) -
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[quote quote=92]I think the Model 3 production problems are creating a real cash crunch for the company.[/quote]
You “think?”
The smart money says they need to raise somewhere from $2 to $10 BILLION dollars to get over the hump. Of course the demented CEO Musk denies it.
That guy has balls the size of grapefruits.
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Sic transit gloria mundi (so shut up and get back to work)
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