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larrywww

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Reply with quote  #31 
Did I see where Elon Musk lost 1 billion on Tesla in 3 months?   WTF?

http://www.news.com.au/finance/business/other-industries/tesla-lost-1-billion-in-3-months/news-story/12ab1b2c198c2b28605cc4fa9e30e513


Mybad, it was actually 2 billion dollars, here is more of the story.

https://www.theverge.com/2018/2/7/16986396/tesla-2017-full-year-earnings-model-3-production

I'm not sure I would invest in a car if the car company is losing money.  It's not a good sign---
Just saying.
kaihacker

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Reply with quote  #32 
2 Billion in losses is staggering.  It is amazing that the stock price has not reflected this. The Tesla market cap is illogical considering actual sales/performance.
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larrywww

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Reply with quote  #33 
I think Elon Musk is a gambler to a certain extent---but I'm not saying that in an entirely negative way since alot of his capitalist forebears were gamblers too.  The question is whether he is taking measured risks or just speculative gambits.

The Model S made by Tesla was (I hear) very reliable----but the Tesla 3 hasn't proved nearly as reliable (more like average).  Alot of his current financial problems relate to problems in manufacturing the Tesla 3.

The stunning thing is that Tesla products are extremely pricey---and, at least until this year, most consumers seemed to like them----although an eletrical car is (arguably) a simpler car to make, assuming you can figure out the battery.

Space X has had some significant successes, although alot of rockets that have blown up too.
In the early years when they had contracts with NASA, Space X made money.

But more recent financial reports are not at all reassuring.  

https://www.fool.com/investing/2017/02/05/how-profitable-is-spacex-really.aspx

There seems to be a kind of "Wild West" ethic that he brings to business---which sometimes pays off---sometimes not.

Don't get me wrong---I'm glad he founded Tesla----he singlehandedly has given America alot of automotive related jobs.  But he seems hit and miss in his ventures.  

rickencin

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Reply with quote  #34 
Quote:
Originally Posted by larrywww


The Model S made by Tesla was (I hear) very reliable----but the Tesla 3 hasn't proved nearly as reliable (more like average).  Alot of his current financial problems relate to problems in manufacturing the Tesla 3.



The lure of social organization is that the whole is more than the sum of the parts.  Isolated hermits seldom develop graduate studies in physics. The socially well adjusted, honest,  hardworking employee can be hard to find.

I saw a TV show about the Tesla car factories.  It was all assembly lines and robots.  Automobile manufacturing has been highly studied.  This is not necessarily the Toyota Production System or the Lean Manufacturing way.  Robots don't join quality circles and practice continuous improvement.  Assembly lines don't have the best reputation, even though work needs to move from station to station.  Changing an automated assembly line is a big friggin' deal requiring engineers, scheduled down time and is done only if really necessary.  Human workers are quite clever in spotting better ways to do a job.  Human suggestions often cost next to nothing. The TV show had no mention of Jidoka or Autonomation (automatic specification checks).  The end of the assembly line is the worst place to find defects. No Visual Management or Six Sigma Quality control anywhere to be seen.  

I'm sure robots and assembly lines can build cars.  If will be interesting to see if they can better human beings (cue "John Henry Was A Steel Drivin' Man")

“It is easy to copy something in form but not as easy to capture the spirit that makes it work.” Setsuo Mito, The Honda Book of Management, 1990, p. 31


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larrywww

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Reply with quote  #35 
On the other hand, Elon Musk has a plan for many small satellites to give the world fast broadband.

I do respect his entreprenuerial vision, even if some things don't quite work out.

http://money.cnn.com/2018/02/18/technology/future/spacex-launch-paz-demo-starlink/index.html
larrywww

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Reply with quote  #36 
Did anyone want to acquire a signature Elon Musk flamethrower?  

Musk was selling flamethrowers to raise money for his tunneling project so he could avoid LA gridlock by bulding a road and tunneling beneath the streets.  The flamethrowers sold out in 4 days.

http://money.cnn.com/2018/02/01/technology/flamethrower-elon-musk-boring-company-sold-out/index.html

It's amazing the various projects he is pursuing.

You think he would throw in the flamethrower if I bought a Tesla 3?
larrywww

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Reply with quote  #37 
The other interesting Tesla product----they sell a Power Wall----home Solar.

They mention it as an alternative to a backup generator, for example.

But it seems very pricey at over 6000 dollars.

Home Depot sells an 80 watt solar panel for a thousand dollars, which may have a similar aim.

Has anyone ever tried this?

https://www.tesla.com/powerwall

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