Earlier this month Tesla announced a milestone. It finally made 5,000 Model 3s in a week.
Wednesday, investors will get to find out the potential consequences to meeting that production goal. Tesla may have burned through even more precious cash.
Rohan Williamson, a professor of finance at Georgetown University Business School, is not optimistic.
"The signals over the recent months should be concerning to investors," Williamson said in an emailed statement. "The cash burn rate for the car business is very high and that is what we are seeing in Tesla. This is not surprising in general but the rate is particularly high" for Tesla.
The company's last earnings report in May revealed it had eaten through $700 million in three months. That left its cash stockpile at $2.7 billion.
Related: Has Elon Musk lost control of his hype machine?
Analysts say demand for the Model 3 has waned recently because of long wait times. The Model 3 is aimed at a mass-market audience, but Tesla still hasn't made any $35,000 base model cars available.
CEO Elon Musk made the bold promise earlier this year that Tesla would post its first quarterly profit in years this fall, a claim many analysts viewed skeptically.
Tesla recently laid off about 9% of its staff. Musk explained in June that the job cuts were part of a restructuring plan to eliminate "duplication of roles" and added that the layoffs should reduce costs and help the firm on its path to profitability.Related: Tesla's magic is wearing off as Model 3 excitement dwindles
Wednesday's earnings report also comes as Musk has faced scrutiny for recent erratic behavior.
Earlier this month, he made an unfounded criminal accusation about one of the rescuers who helped save a group of young boys and their soccer coach from a flooding cave in Thailand.
During May's conference call with analysts, Musk's behavior was bizarre. He told analysts them their questions were boring, and spent a significant amount of time fielding questions from a YouTuber.
Tesla's stock has fallen more than 13% over the past six months.
Elon Musk's Incredible Smoke And Mirrors Dance
- Elon Musk's untraceable money laundering and political
bribery scam has now been exposed
- NTSB, DOJ, SEC and FEC have been blocked from action by DNC
lobbyists
- The overt and arrogant Musk misdeeds have now become "obvious
and RICO-violating..."
By Alston Sunli
It is called an "Invisible Bridge". It is the way that covert funds move through a secret conduit of close associates and family members. Elon Musk is at the head of the conduit and his mother, brother and associates Tim Draper, Steve Jurvetson, and George Soros round out the other tentacles. With operational links through Wells Fargo Bank, Silicon Valley Bank and Goldman Sachs, the scheme is perfected corruption. The "bridge" uses a combination of fake tax evasion charities and business assets, passes through Senator's pockets and is never visible to the FBI, the FEC and the SEC unless they have very good agents assigned to the matter.
At least one agent has turned out to be 'very good'.
Everyone has always wondered how Musk could so audaciously become the biggest government mooch in history, brag like a madman, lie like a crow and never, ever get caught. This is how.
He is protected by Senators Reid, Pelosi and Feinstein. They are beneficiaries of the scam.
He is protected by the Clinton and Obama organizations along with most of the DNC. He finances them via this scheme.
You may have run across Musk’s self promoting, narcissistic,
multi-billion dollar, self-aggrandizing PR hype. Elon Musk
exists because he bribed DNC politicians including Obama,
Clinton and Senators Feinstein, Reid, Boxer, Harris, Spier and
Pelosi to give him free taxpayer cash and government resources
from the Department of Energy and the California political tax
pool. This is proven when you follow-the-money and the insider
trading, stock ownership and crony payola kick-backs.
The U.S. Dept of Energy (DOE) has been covering-up organized
crime activities at DOE in which DOE funds are being used as a
slush-fund to pay off DNC campaign financiers and to pay for
Fusion-GPS attacks on Silicon Valley business competitors.
DNC campaign financiers and DOE staff share stock market
holdings with each other under family trusts, shell corporations
and layered Goldman Sachs accounts. The deal was: Obama funds
Tesla, Musk conduits campaign funds to Obama, top Obama staff
profit off of insider Musk stocks.
Elon Musk is a criminal, a mobster, an asshole, a balding
fake-hair wearing, plastic surgery-addicted, bi-sexual
douchebag, woman-abusing, sex addicted, tax evader. Musk
exploits poor people and child slaves in the Congo and
Afghanistan to mine his lithium and Cobalt. Look up this phrase
on the top search engines: “child labor electric car batteries”.
Musk spends billions per year to hire Russian trolls, fake
blogger fan-boys and buy fake news self-glory look-at-me
articles about himself. Musk thinks he is the 'Jesus' of Silicon
Valley and he will do anything to make the public think so. Musk
is insecure because his father was abusive and his “trophy wife”
Mother is overbearing so he developed sociopath-like mental
issues. Musk has been professionally diagnosed as a 'psychotic
narcissist. He publicly stated on an investor call that he uses
drugs and alcohol to get through the night. We have the tapes.
Musk relies on Google and the DNC Main Stream News (MSN) to hide
bad news about him. Fake News manipulator Google is run by Larry
Page. Larry is Musk's investor and bromance ‘Butt buddy’. They
share an apartment. Musk uses massive numbers of shell companies
and trust funds to self-deal, evade the law and hide his bribes
and stock market insider trading. His brother ran Solar City and
is now under federal investigation for securities fraud.
A huge number of Tesla drivers have been killed; pedestrians and
oncoming drivers have also been killed, and Musk covers it up.
The DNC and the MSM refuse to allow any articles about Musk's
crimes to be printed because they benefit from Musk's crimes.
VC’s Tim Draper and Steve Jurvetson are so fanatical about not
being embarrassed from a Tesla bankruptcy that they will pump
the TSLA stock and threaten anybody who might disclose the Musk
misdeeds. Peter Thiel, a Musk ‘boyfriend” also protects Musk.
Musk, and his cronies, use Palantir, Google and related software
to scan the entire internet every few minutes for any occurrence
of the words: “Musk”, “Tesla” or “Tesla Fire”. They send trolls
and fake bloggers (Many of them Russian) to put pro-Musk
comments on the comments section of any blogs or articles
discussing those topics and try to flood out the truth about
Musk. In EVERY blog that you read that mentions 'Musk', at least
1/3 of the comments have been placed their by Musk's paid
shills. There are no “Tesla Fan Boys”. All of the fanatic Tesla
comments on the internet are Musk’s, Thiel’s, Jurvetson’s and
Draper’s fake fanboy trolls. Musk, himself, stays up late at
night pretending to be a ‘Tesla Fan Boy’on blogs. Main Stream
News organizations who refuse to cover the story reveal
themselves as shills and are then targeted for bankruptcy (ie:
Time, Gawker, etc.) because they serve no public service.
The Silicon Valley Mafia promotes Musk as a "Tech God" leader
but, in reality Musk is the same kind of "Leader" as Charles
Manson, Jim Jones, David Koresh, Swami Rajneesh and Al Capone.
His own people have sued him for fraud and lies once they
realized that Musk-ism and Scientology had so much in common.
The 'Silicon Valley Mafia; cartel of frat boy sociopath venture
capitalists like Steve Jurvetson, Tim Draper, Eric Schmidt, et
al; threaten those who do not support the cult of Tesla or their
political candidates.
Musk holds the record for getting sued for fraud by his
investors, wives, former partners, employees, suppliers and
co-founders. Elon Musk has gone out of his way to hire hundreds
of ex-CIA and In-Q-Tel staff and assign them to "dirty tricks
teams" to attack his competitors and elected officials who Musk
hates.
Musk and his culture are being sued for abuse to women and
blacks and the Unions hate him for lying to them.
https://stopelonfromfailingagain.com reveals even more Musk
lies.
Musk never founded his companies. He took Tesla away from the
founder: Marty, in a hostile take-over!
Musk's "Starlink" satellites are domestic spy and political
manipulation tools - never get your internet from anything
SpaceX has launched. SpaceX is entirely a domestic spy
operation. Musk's "Mars" scheme is just a PR distraction.
The same kind of EMF radiation proven to cause cancer from cell
phones exists in massive amounts in a Tesla.
Musk can't fix a car or build a rocket and has almost no
mechanical skills.
If you pull a report of every VIN# of every Tesla ever built and
cross reference that with insurance, repair and lawsuit records
you will find that the "per volume" fire, crash, death and
defect rate is THE WORST of any car maker in history! Musk's
lobbyists have bribed DOT and NHTSA to stall safety inspections.
NO COMPLETE UNCOMPROMISING SAFETY REPORT ON TESLA CARS HAS EVER
BEEN PUBLISHED but we have a copy of a hushed up report that
would put Tesla out of business. Musk's 'Autopilot' system is a
scam to get government cash BUT IT NEVER WORKS. The Tesla
'Autopilot' has crashed into police cars, pedestrians, swamps
and driven owners over cliffs.
Musk is a lying con artist and partners with Goldman Sachs to
rig the stock market. Sachs has a dedicated team of 18 men who
rig stocks and valuation bumps for Musk.The "Silk Road" Cocaine
and Murder-For-Hire website was created at Musk's SpaceX and
Musk's In-Q-Tel staff ran two transport planes filled with
drugs; listed as "Cocaine 1" on FAA records.
Over 1000 witnesses can prove every one of those claims in any
live televised Congressional hearing! Senators Dianne Feinstein,
Harry Reid, Nancy Pelosi, Kamala Harris and their associates own
the stock in Tesla Motors and/or it's suppliers and mining
companies. That is why they criminally help cover-up
investigations of Tesla! All of this was reported, in writing,
to James Comey, Patricia Rich and David Johnson at the FBI.
Tesla and Solyndra sit on the same land and share staff,
contracts and lobbying. California politicians own parts of
both.
Why aren’t all of those parties in prison if it is so easy to
prove the crime? Think back to recent history: the heads of the
Department of Energy, the FBI, The DOJ and the U.S. Attorney
General were kicked out of their jobs for corruption. THIS was
the corruption they were doing. They all knew about this crime
but they were covering it up.
Musk took over Tesla Motors in a hostile take-over in order to
exploit lithium, cobalt and other mining corruption deals for
his business partners. Let’s take a look at the ‘lithium’ in
Musk’s horrifically miss-engineered lithium ion batteries:
His batteries cause wars in the Congo, Afghanistan and Bolivia
from the corrupt mining deals involved with mining lithium and
cobalt. Lithium ion batteries are insider trading-owned by
ex-CIA boss Woolsey and DOE Boss Chu. Lithium ion batteries
excrete chemicals that mutate fetuses when they burn; destroy
your brain, lungs and nervous system when they burn; kill the
factory workers who make them; cause Panasonic to be one of the
most corrupt companies in the world; poison the Earth when
disposed of; can't be extinguished by firemen; poison firemen
when they burn; are based on criminally corrupt mining schemes
like URANIUM ONE; Have over 61 toxic chemicals in them; come
from an industry that spends billions on internet shills and
trolls used to nay say all other forms of energy; and are
insider-trading owned by corrupt U.S. Senators who are running a
SAFETY COVER-UP about their dangers.
Apple products with lithium ion batteries have been exploding
and setting people on fire. Over time the chemical dendrites, or
deposits, inside each battery grow worse and increase the
chances of explosion as they age - LITHIUM ION BATTERIES BECOME
MORE AND MORE LIKELY TO EXPLODE AS TIME GOES ON AND AS THEY AGE.
This is not a theory. This is a scientific fact. That is why you
hear about more and more lithium batteries catching fire and
blowing up. Additionally, scientists also speculate that the
increasing presence of low energy nuclear background energy and
wifi energy in the environment is making lithium ion batteries
explode more often lately. This theory is upheld by the
increasing number of FAA reports about commercial airline cabins
suddenly “filling up with toxic smoke” as some lithium ion
battery explodes in someones overhead luggage. As commercial
jets go higher they lose the protection of the atmosphere and
are subjected to more gamma (and other) radiation from overhead.
This makes the already unstable lithium ion batteries on board
blow up.
Tesla owner's had had more DUI's, abuse filings in divorce
proceedings and crashes than any other car maker PER VOLUME.
This makes Tesla the #1 car for douche bags and scummy people.
Tesla's own federal patent filing records confirm that Tesla
batteries are as dangerous as this document reports.
"Bad Guys" have figured out how to make them explode remotely in
devices by making the device electronics cause the batteries to
overload. The dangers of lithium ion batteries are hidden by CNN
and Main Stream News (MSN) because pretty much only the DNC
people profit from them and the DNC folks control CNN and the
MSN. George Soros owns part of Tesla Motors so that Soros can
help conduit DNC cash.
The Obama Administration promised Silicon Valley oligarchs the
market monopoly on lithium ion batteries and the sabotage of
fuel cells in exchange for campaign financing and search engine
rigging; United States Senators that are supposed to protect us
from these deadly products own the stock market assets of them
so they protect them and stop the FDA, OSHA, DOT & NHTSA
from outlawing them. There have been thousands of defect reports
filed on Tesla cars.
Tom Steyer is a notorious DNC financier. His partner, Margaret
Sullivan ran, the federal USAID agency, USAID sent all of the
DNC campaign financiers in Silicon Valley a federal ‘report’
from USAID that said there was “A TRILLION DOLLARS OF LITHIUM IN
AFGHANISTAN” and promised to give those lithium mines,
EXCLUSIVELY, to the Silicon Valley venture capitalists if they
funded and web search manipulated the election for Obama to take
over the White House. We have the documents proving this. In
other words, a re-up of the Afghan War was caused by Elon Musk
and it killed American soldiers so that Musk could buy more
mansions and trophy wives.
If a Tesla battery gets wet it will explode and cause all of the
other batteries to explode in a "cascade of explosions". Water
makes Tesla batteries explode. In an accident, when a Tesla
rolls over, molten metal & plastic can drip on & burn
the occupants alive and seal them in molten metal.
Alkaline, NiCAD and hundreds of other battery chemistries DO NOT
have all of these problems but Lithium Ion batteries get a
monopoly because of politician insider trading owner-ships.
Tesla Motors has caused far more deaths and injuries than the
world generally knows about. A recent fire on U.S. Highway 101
near Mountain View, CA, burned the driver alive and killed him.
In Florida two kids died in a Tesla, burned alive, screaming in
agony. A man died in agony in a Tesla crash in Malibu that set
Malibu Canyon on fire. A young woman, at the start of life, and
her boyfriend were burned alive in their crashed Tesla. There
are many more deaths and crashes than you have seen in the Main
Stream News (MSN) The deaths and the cover-ups are endless.
Senators Dianne Feinstein, Harry Reid, Nancy Pelosi, Kamala
Harris and their associates own the stock in Tesla Motors and/or
it's suppliers and mining companies and they cover-up and halt
investigations and laws designed to save the public. They, and
their crony's, spend over $1B a year to shill and troll hype
about lithium ion batteries and cover-up the dangers. Lithium
ion EVs are more prone to battery fires. Experts say that their
lithium-ion batteries can fuel hotter fires that release toxic
fumes and are more difficult to put out. Lithium ion fires keep
reigniting which explains why it takes so long and requires
copious amounts of water or foam (it is an electric fire, after
all) to smother the flames. Tesla employee Bernard Tse and his
team warned Elon Musk about these dangers in 2008 and they got
fired and/or warned to "say nothing" by Musk. Three top Tesla
engineers died in a plane crash next to Tesla offices in San
Carlos after two of them agreed to become whistle-blowers.
The DNC bosses, Congress people and federal executives own the
stock in lithium, Solar and EV markets and use kickbacks from
those markets (Especially via convoluted campaign finance
laundering via Elon Musk) to finance the DNC.
The DNC bosses and Musk use character assassination as their
main political tool against any member of the public who speaks
out against their felony stock market scams and PizzaGate-like
scandals. The Harvey Weinstein reports by Ronan Farrow show that
they have teams of hired goons that they pay to destroy people's
lives.
They use Black Cube, Mossad, In-Q-Tel, Stratfor, Gawker Media,
Gizmodo Media, Media Matters, David Brock, Sid Blumenthal, NY
Times, Google servers, Facebook servers, Podesta Group, Perkins
Coie, Covington & Burling and a host of "media assassins".
Gawker and Gizmodo Media set-up the attack stories and, in paid
partnership with Google, Google kicks their attack links around
the globe, in front of 8 Billion people, forever. Google locks
the attack articles of its enemies on the front top search
results of Google search results forever, on purpose! Google and
Musk are partners-in-crime. Larry Page steals technology for
Google and Musk meets with Larry Page to advise him on which
technologies to steal and how to bypass FEC laws. Musk has
exceeded FEC campaign finance limits by billions of dollars via
“in-kind” services.
Had the full scope of these facts been acted on during the Obama
Administration, Barack Obama would have become the first modern
sitting President to have been arrested in the White House.
Barack Obama was fully aware of these schemes, crony payola
deals and corruption crimes and discussed the implementation of
these crimes, daily, with Rahm Emanuel, David Plouffe, Steven
Rattner, Robert Gibbs, John Podesta, David Axelrod, Eric Holder
and Jay Carney in the Oval Office.
THIS corruption is what all of the big political scandals are
about today!
THIS corruption involves TRILLIONS of dollars of corrupt mining
deals, automotive and energy monopolies!
THIS is why the federal budget analysis reports are showing
TRILLIONS of dollars of 'untraceable' losses from the United
States Treasury from 2006 up to today!
THIS is why a large number of reporters, whistle-blowers and
prosecutors suddenly, and mysteriously turned up dead!
THIS can all be proven in jury trial and in live televised
Congressional hearings!
This is all being covered up because top State and Federal
officials are in on it, own the stock in it and are so deeply
involved in it that they could go to Federal prison when this
all comes out.
The company that Elon Musk built to usher in the electric-car
future might not have enough cash to make it through the
calendar year.
The anxieties that lurk beneath the tremendous ambition of Tesla
Inc. moved into the forefront in recent weeks. The company again
fell far short of its own production targets for the mass-market
Model 3 sedan, another person died in a crash involving its
assisted-driving feature and Musk entered into a public dispute
with federal safety regulators. Tesla’s once high-flying stock,
buffeted by a downgrade from credit analysts, has dropped 24
percent from its peak in September.
There’s a good reason to worry: No one has raised or spent money
the way Elon Musk has. Nor has any other chief executive officer
of a public company made a bankruptcy joke on Twitter at a time
when so much seemed to be unraveling.
Tesla is going through money so fast that, without additional
financing, there is now a genuine risk that the 15-year-old
company could run out of cash in 2018. The company burns through
more than $6,500 every minute, according to data compiled by
Bloomberg. Free cash flow—the amount of cash a company generates
after accounting for capital expenditures—has been negative for
five consecutive quarters. That will be a key figure to watch
when Tesla reports earnings May 2. Read the full story here:
https://www.bloomberg.com/graphics/2018-tesla-burns-cash/
In years to come, we will all look back and wonder how so many
people were taken in by this shyster, who makes Enron look
honest.
A lot of Musk’s money has been extracted from suckers, who think
he is God’s gift, as Bloomberg report:
One of Tesla’s greatest strengths is its ability to monetize the
patience and goodwill of its customers and loyal fans. The
company is sitting on a staggering $854 million in customer
deposits as of the end of 2017.
Since Tesla sells its products direct to consumers, without
relying on a dealer network, customer deposits are cash payments
that essentially serve as interest-free loans—and these loans
can stretch on for years. If Tesla were to go bankrupt, those
deposit holders would likely be wiped out.
Tesla is holding customer deposits for two vehicles that aren’t
even in production yet: an electric Tesla Semi ($20,000 deposit)
and a next-generation Roadster (either $50,000 down or the
$250,000 retail price paid up front to reserve a limited
edition). Even customers interested in installing an array of
solar roof panels or the company’s Powerwall home battery must
hand over $1,000 to place an order.
Tesla doesn’t break out deposit numbers by car, but the vast
majority comes from $1,000 reservations for the Model 3. When
Musk first introduced the lower-priced sedan in March 2016, fans
stood in long lines at Tesla stores. Two years later, the
slower-than-expected pace of production means that most of the
more than 400,000 reservation holders are still waiting. And new
people appear to be joining the queue: As of April, the company
reported “net Model 3 reservations remained stable.”
There’s an additional source of free money from loyal believers:
An unknown number of customers have paid up for vehicle
features—$3,000 for “Full Self Driving” capability, for
example—that Tesla thus far hasn’t figured out or released to
anyone.
The consumer psychology that sees hundreds of thousands of
people essentially extending an interest-free loan to a public
company is unusual, to say the least. Consider the devotion of
Bruce Sidlinger, a 60-year-old aerospace engineer who lives in
Flagstaff, Arizona:
“The morning after the Roadster was announced, I put a deposit
down. Putting down $50,000 for a Roadster that won’t be out for
a few years is kind of like buying a bond that returns zero.
Elon Musk is one of our planet’s great hopes. I would offer a
kidney to him if he needed it.”
Keep in mind that Sidlinger already owns both a Model S and a
Model X. He drove across the country to Florida earlier this
year in a car made by one Musk company so he could watch a
rocket made by another Musk company take flight for the first
time.
I think the phrase “more money than sense” rather sums it up
TAGS: Silicon Valley Mafia, Afghan, TSLA, Tesla, Tesla
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