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BigRichard 06-03-2019 10:06 AM

Yeah, I invested a few thousand in them not too long ago and that shit has taken a hit. I am in it for the long haul but it isn't looking good as far as the company goes.

DaFace 06-03-2019 10:14 AM

Quote:

Originally Posted by HonestChieffan (Post 14292896)
https://www.digitaltrends.com/cars/t...w-it-will-end/

Interesting take, the work they have done may make it but as a company they cant survive and Musk is a bit of a crazy. Brilliant, but....

Yeah, that article is fair. I've been saying this for a while now.

Quote:

Tesla will not go bankrupt. It cannot go bankrupt. At the moment, the company is still well-placed to raise another funding round and could likely even do as many as three more funding events before investors stop lining up. Failure for Tesla won’t happen tomorrow, but it is coming. More and more evangelists are changing their tunes as competition in EVs gets fiercer. Wall street is losing patience with broken promises and erratic CEO behavior. And the everyday consumer is finding more electric car options that tempt their dollar now that Tesla is not the only game in town. No, Tesla’s end will not happen tomorrow, nor will it be a dramatic collapse.

Telsa is too valuable a brand to disappear in a cloud of Chapter 11 smoke. Again, history bears this out. The vast majority of automotive brands from years past were acquired or absorbed into larger brands, where some succeeded brilliantly (Dodge) and others slowly morphed into something unrecognizable (Hudson). Arguably, the Tesla brand is the most valuable piece of Tesla’s balance sheet as other manufacturers have caught up with their hard technology (batteries, chargers), and are rapidly chasing down their soft technology (Autopilot). The Tesla brand is global in reach, and still viewed favorably overall by the public.

The endgame for Tesla is an acquisition. It is the way of the automotive jungle — the circle of corporate life, as it were. The unknowable part at the moment is exactly who will acquire Tesla, as the list is quite long. Another car company is the reflexive bet, but Silicon Valley and Chinese auto manufacturers are all likely bidders as well. Apple already offered to buy Tesla back in 2013 for more than the company is worth at the time of this story. The field of suitors is wide open, and the eventual winner could well come as a surprise to the everyday public.


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