Oh the poor poor poor man.
Things have been tough for Musk since 0bama left, haven’t they?
DailyCaller: Tesla officials said Monday that the electric vehicle maker plans on scraping together $1.5 billion dollars through the bond market to fund production on the inexpensive Model 3.
The company’s debut in the junk-bond market marks a first for the cash-strapped Model 3 maker. The debt offering could further tarnish Tesla’s already battered financial image, because the junk bond markets are usually littered with companies that are less creditworthy and add debt faster than they can accumulate profits.
Tesla hopes the Model 3, which debuted at the end of July, becomes a trendsetting and profitable vehicle capable of rocketing the Silicon Valley company atop the electric vehicle industry for years to come. Pre-orders for the small sedan have already surpassed half a million, even as customers have started bailing on the vehicle. more
I can’t keep all these billionaires straight…isn’t Musk the one who is spending huge sums drilling tunnels and building rocket ships to mars? Let him spend his own money to finance his stupid cars for a change, and give the taxpayers a break.
Shucky darns huh?
Just wait till they start burning like Leafs and Volts.
quick! ….. another government grant!
…. taxpayers be damned!
The Name ” Model 3″ Sucks, Too Much Like “K Car” it Sounds Cheap Like a Plastic Hot Wheel !
GM should buy Tesla and then only liberals will care about any of that garbage.
Schadenfreude, why yes, yes I am.
Couldn’t happen to a more deserving fraud.
If I had my way, he would be cell mates with Bernie Madoff.
He sure scammed the “smartest ” president we ever had.
Plug-in hybrid is the way to go IMHO. I got one a few months ago. Much cheaper and more reliable than the Telsa, but it runs in electric and hybrid mode with a 14 gallon gas tank. Cost to charge the battery up at home is about .80/day and we have free charging station at work. Right now I am putting gas in my car roughly every 6 weeks. Saving me about $125 between fill-ups and even with using electric at home will still save estimated $1000 year in gas.
Plus, as I’ve said before I’ll say again, I love sticking it to the work place libs who cry about global warming but love driving those SUVs. When they’ve said I must have had a change of heart because I bought a a electric/hybrid, I laugh. I say screw the environment, I did it to save money on gas. LOL
Elon Musk is Preston Tucker on meth.
Sounds like the serfs need to pony up, again.
Well, President Trump?
Well, Speaker Ryan?
Well, Majority Leader McConnell?
Hey Musk! Fuck Off, Eat Shit, and Die!
izlamo delenda est …
I resent funding a goddamned rich mans toy out my poor mans pocket. Ealon can kiss my ass.
Here’s the bad news from a financial point of view…
http://www.reuters.com/article/us-tesla-offering-idUSKBN1AN13I
Hey, if idealistic trust fund idiots want to part ways with their money on this scam, have at it. But NO GOVERNMENT FUNDS. The more those fools spend on this fraud, the less they have to put into left wing politics.
Part of the problem for Musk and Tesla is the cancellation of government subsidies and tax breaks for the purchase of the cars. I gather Sweden, Norway and some others have stopped and when they announced the cancellation sales and orders for Tesla cars dropped 95% practically overnight. Tesla has been on the government teat for years now, well past the time for the tech and the product to prove itself. If the US Federal government decided to stop all the subsidies then it would be down to State only and sales would collapse in the US and it would likely mean the end of Tesla. That’s not a bad thing as it opens the market to someone else with a better idea and product without a Federal crutch.
Tesla (and Musk) will be one of the first to go down in flames when the economy stops supporting these ‘profitless’ ventures.