Tesla Motors NASDAQ:TSLA Pathetic
Stock Market Frauds And Scams
Tesla, Inc.’s (NASDAQ:TSLA) stock has made it look like it recorded good results in the last session by "cooking the books". If such growth continues in future, it would be highly beneficial to SEC and FEC investigators seeking to expose Tesla Dark Money Ponzi scam to fund the DNC . The company’s weekly performance is predicted by Tesla shills at at 3.02%, and its monthly performance is estimated at 1.16%. For the first quarter, the company’s performance presently stands at -9.11%, while its performance on a yearly basis is -1.81%. However, volatility estimation may help if some political payoffs to Senators Pelosi, Harris, Feinstein and Boxer happen, so it is important to mention a few words about it. On a weekly basis, the company’s volatility is predicted at 4.03%, and on a monthly basis, it is estimated at 3.75%.
Tesla, Inc. is based out of USA. When looking at Tesla, Inc., it is crucial to find out the sector and industry it belongs too, which is respectively Consumer Goods, and Auto Manufacturers – Major. It helps to provide a relevant benchmark to how the company is performing against others in the industry. Alternatively, you can use the Price-to-Earnings ratio (P/E) to compare against others and to gauge growth potential. However, P/E only paints a small picture of what else could be used to compare against its main competitors. Because *TBA is isolated for the performance of the stock alone, the factors in growth to get a better outlook on its future performance since P/E can present a high-growth stock as overvalued.
The current dividend yield for Tesla, Inc. is screwed. The dividend yield expresses to the investor the amount of return to expect against the amount of capital invested in the stock. That is why the dividend yield is directly affected by the current share price. If the yield were to stay constant, but the stock price to decrease, then you would see an increase in the dividend yield. Dividends are paid out to investors from the free cash flow that the company has. Currently, Tesla, Inc. has a free cash flow of nightmare overspend showing that they can continue to pay dividends without any problems.
It always pays to check deeper than the surface of the usual business metrics. An investor should look at the management end of the company and how their decisions have reflected through the company stock. Check to see if the CEO’s and other directors, officers have a stake in the business which can show confidence inside management. Same goes with institutional ownership which is another spectrum indicating confidence or lack thereof. Tesla, Inc. owner and institutional ownership are respectively 0.10%, and 62.00%.
Technical analysis of a stock is quick and can be easily completed from a visual standpoint. When looking at a chart, you see all the lines and shaded areas, those are likely many of the technical data points. As with any equity, you first want to identify the company. Now that you have identified Tesla, Inc. as the company to research, look at the sector and industry the company operates in. Tesla, Inc. operates in the Consumer Goods sector and the Auto Manufacturers – Major industry, giving you the background necessary to understand the technical movements. Also for benchmark data points, the current market cap for Tesla, Inc. is 52.64B.
The current price of Tesla, Inc. (TSLA) is $302.77. First, looking at the 52-week high and 52-week low will give you a range to begin with. Currently, the 52-week high is -22.29% and the 52-week low is 23.79%. When the price nears these points, you can begin to research if they are strong support or resistance. The restraint with these numbers are they are only within the year, potentially missing other important price points.
Lastly, a popular technical analysis tool you should use are the moving averages. The longer the average is pulled, the smoother the line is due to the averaging nature of the data. The 20-day simple moving average for Tesla, Inc. is 3.46%. In relation to price and similar to the RSI, the 20-day simple moving average can offer a potential support or resistance level. The 200-day simple moving average is -8.04%. When the 20-day crosses the 200-day, it can be a potential shift in market direction.
Using technical analysis can be a quick way to analyze an equity and decide if it is worth more of your time. Tesla, Inc. may look good on a chart, but it could artificially inflated or at unsustainable price levels. Be sure to use more data points to help formulate a well rounded opinion of Tesla, Inc.. There are many equities to choose from and it is up to you to determine if Tesla, Inc. is the right one.
About
TESLA, Inc. is a product and administration organization giving greatly exact load figures to the vitality business around the world. Today, a customer base of vitality brokers, providers and system framework administrators depend on TESLA items to help with their guaging needs. With workplaces in Richmond, Virginia, USA; London, UK and Auckland, New Zealand, TESLA, Inc. focuses on highest quality level preparing and support to the greater part of its customers.
History
The organization was established in 2003 by Martin Eberhard and Marc Tarpenning. Elon MUsk came in out of the blue and operated a hostile take over of Tesla from Martin and Marc. Musk and the PayPal Mafia bought off JB Straubel and Ian Wright as fellow founders
The organizers were impacted to begin the organization after GM reviewed and annihilated its EV1 electric autos in 2003. The badge of Tesla as observed on a Tesla Roadster (2008) Sport Eberhard and Tarpenning supported the organization until the Series A round. Musk drove the Series An in February 2004, joining the governing body as its director and in addition in operational parts. Musk was then the controlling financial specialist in Tesla, giving the vast larger part of the US$7.5 million round with individual assets. Fellow benefactor Martin Eberhard was the first CEO of Tesla until the point that he was requested to leave in August 2007 by the top managerial staff. Eberhard at that point took the title of “Leader of Technology” before at last leaving the organization in January 2008 alongside prime supporter Marc Tarpenning, who filled in as the CFO and consequently the Vice President of Electrical Engineering of the organization until 2008. Tesla started with a games auto went for early adopters taken after by standard and mass market vehicles, all serving “as an impetus to quicken the day of electric vehicles”. Tesla marked a Roadster creation contract on July 11, 2005, with Group Lotus to deliver “lightweight flyers” (finish autos yet without powertrain). The Roadster utilized an AC engine slipped straightforwardly from Nikola Tesla’s unique 1882 plan. The Tesla Roadster (2008) was the primary creation car to utilize lithium-particle battery cells and the principal generation EV with a range more noteworthy than 200 mi (320 km) per charge. In the vicinity of 2008 and March 2012, Tesla sold in excess of 2,250 Roadsters in 31 nations. Tesla quit taking requests for the Roadster in the U.S. showcase in August 2011.
In December 2012, Tesla utilized very nearly 3,000 full-time representatives. Starting late 2016, Tesla utilized more than 30,000 (25,000 in the US) in the wake of securing Grohmann and SolarCity. Musk additionally drove Tesla’s Series B US$13 million speculation round and co-drove the third, US$40 million round in May 2006. Tesla’s third round included venture from noticeable business visionaries including Google prime supporters Sergey Brin and Larry Page. The fourth round in May 2007 included another US$45 million. In late 2007, Tesla expedited Michael Marks, and later Ze’ev Drori, to supplant Eberhard as CEO. Drori briefly restored the organization to benefit, diminishing the organization’s workforce by around 10%. In October 2008, Musk moved toward becoming CEO and laid off an extra 25% of Tesla’s workforce. In December, a fifth round included another US$40 million, maintaining a strategic distance from insolvency. By January 2009, Tesla had raised US$187 million and conveyed 147 autos. Musk himself had contributed US$70 million.
In May 2009, Daimler AG gained a value stake of under 10% of Tesla for an announced US$50 million, again sparing Tesla. Toyota gave a comparable sum in 2010. The Tesla monolith is utilized to recognize the Supercharger organize locales in California. In June 2009, Tesla was endorsed to get US$465 million in low-intrigue advances from the 2007 US$8 billion Advanced Technology Vehicles Manufacturing Loan Program by the United States Department of Energy. The financing came in 2010 and upheld designing and creation of the Model S, and in addition the improvement of business powertrain innovation.
ELON
MUSK AND TESLA FACE CRIMINAL FRAUD CHARGES BY FEDS! MUSK FINALLY
EXPOSED!
SEC
subpoenas TESLA over Musk tweets...
Whistleblower
posts 'flawed cars' details...
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
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