Topic: Elon Musk

[Parky]

What's going on with this guy? Already sucked up billions in taxpayer dollars and after a decade none of his ideas have made any money.

http://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

"Early Mars was a lot like Earth," Musk says, comparing the two planets. "It's a little cold, but we could warm it up." 


Musk contemplates the Hyperloop.

[neesy111]

You do know Tesla is actually worth more than Ford now? 

[Willow]

Guy is a legend.

[firetotheworks]

You do know Tesla is actually worth more than Ford now?

Exactly. Strange O.P.

[Parky]

You do know Tesla is actually worth more than Ford now? 

How is that though? Has he sold loads of Tesla cars?

''Tesla is certainly smaller, and it’s still losing money. The electric vehicle manufacturer had $7 billion in annual revenue in 2016 while Ford saw close to $152 billion. Tesla also posted a loss of $773 million last year.''

[neesy111]

You do know Tesla is actually worth more than Ford now? 

How is that though? Has he sold loads of Tesla cars?

''Tesla is certainly smaller, and it’s still losing money. The electric vehicle manufacturer had $7 billion in annual revenue in 2016 while Ford saw close to $152 billion. Tesla also posted a loss of $773 million last year.''

Potential.  The Model S and 3 are going into mass production now with the new facilities going on-line.  Sales are expected to jump while costs decrease.

Amazon lost money for their first 10 years and make little money now based on their revenue.

[Willow]

Agreed POOT. He's like a Tony Stark trying to benefit us all with forward thinking ideas, he's not in it for the money, he already has lots. He has big ideas and he's trying his best to make things happen today, rather than talking bollocks and never getting anything done.

The world needs more Elons

[thomas]

You do know Tesla is actually worth more than Ford now? 

How is that though?

Market cap. Valuation of shares * # of shares outstanding or some such.

[Parky]

You do know Tesla is actually worth more than Ford now? 

How is that though? Has he sold loads of Tesla cars?

''Tesla is certainly smaller, and it’s still losing money. The electric vehicle manufacturer had $7 billion in annual revenue in 2016 while Ford saw close to $152 billion. Tesla also posted a loss of $773 million last year.''

Potential.  The Model S and 3 are going into mass production now with the new facilities going on-line.  Sales are expected to jump while costs decrease.

Amazon lost money for their first 10 years and make little money now based on their revenue.

I did note EV sales in the U.S. rising but there is stiff competition. And these are serious players.

By year-end there were about 30 different EV offerings, with total sales of 159,139 vehicles. Five different models sold at least 10,000 units in 2016: Tesla Model S, Tesla Model X, Chevrolet Volt, Nissan Leaf, and Ford Fusion Energi.''

[neesy111]

Also he released the patents Tesla had for electric cars to benefit the whole car industry and innovation around electric vehicles.

[Parky]

You do know Tesla is actually worth more than Ford now? 

How is that though?

Market cap. Valuation of shares * # of shares outstanding or some such.

When Govt. subsidies stopped in Denmark sales of EV crashed. I think you get 7,000 dollar iirc tax credit in California for buying an EV. The stock price looks mad.

[neesy111]

You do know Tesla is actually worth more than Ford now? 

How is that though? Has he sold loads of Tesla cars?

''Tesla is certainly smaller, and it’s still losing money. The electric vehicle manufacturer had $7 billion in annual revenue in 2016 while Ford saw close to $152 billion. Tesla also posted a loss of $773 million last year.''

Potential.  The Model S and 3 are going into mass production now with the new facilities going on-line.  Sales are expected to jump while costs decrease.

Amazon lost money for their first 10 years and make little money now based on their revenue.

I did note EV sales in the U.S. rising but there is stiff competition. And these are serious players.

By year-end there were about 30 different EV offerings, with total sales of 159,139 vehicles. Five different models sold at least 10,000 units in 2016: Tesla Model S, Tesla Model X, Chevrolet Volt, Nissan Leaf, and Ford Fusion Energi.''

The only thing that is stopping Tesla selling more cars is production capacity.  The Model 3 is the game changer.

https://www.extremetech.com/extreme/244898-tesla-model-3-track-september-volume-production

[thomas]

You do know Tesla is actually worth more than Ford now? 

How is that though?

Market cap. Valuation of shares * # of shares outstanding or some such.

When Govt. subsidies stopped in Denmark sales of EV crashed. I think you get 7,000 dollar iirc tax credit in California for buying an EV. The stock price looks mad.

I wouldn't extrapolate too much from a US-DEN comparison like that, particularly in terms of the populace's appetite for cars of any kind. US is auto crazy.

Moving on though, tax credits appear and disappear for too many criteria too quickly much for you to bank on him crashing because of it. A few years ago in Georgia (where I live) you could essentially get $500 back from the state in tax credits after buying a Nissan Leaf. You were literally paid to buy one! That's disappeared now but demand has hardly disappeared.

[SEMTEX]

doesn't really matter how many billions of dollars he's sucked up given that money doesn't exist any more

[Adam^]

So the guy is building companies to make electric cars (all big brands have failed on this), make solar affordable (its happening but more competition and innovation in the market is good), and to send s*** to space (this is needed since NASA doesn't bother any more. If all of these things work out the world is a better place so whats the problem?

[loki679]

The man's a genius and a visionary.

[YankeeToon]

The man's a genius and a visionary.

He's definitely either that or a Bond villain laying the foundation for a pointlessly convoluted world domination scheme.

[Decky]

His ideas havent made any money. Coming from the guy who predicted money should have died years ago.

The man's a genius and a visionary.

This. A personal hero of mine.

[Decky]

Can't believe theres an Elon thread on here btw and it was started by Parky. No offense Parky mate, I do like you as a poster but I feel this thread should have been started by pure fanboys like myself.

[Beren]

doesn't really matter how many billions of dollars he's sucked up given that money doesn't exist any more

[Beren]

Jonas Salk wasted his life anarl, the penniless loser.

[/chomp]

[loki679]

Guy makes billions after starting with a couple of grand off his dad, pioneers commercial space flight and electric cars, champions renewable power and makes the first grid level solar / battery plant, invents the reusable rocket and is the first in the world to land a rocket stage safely after launch.  Worra mug.

[Troll]

He's all talk.  SpaceX was started 15 years ago and we still don't have a city on Mars.

[loki679]

He's all talk.  SpaceX was started 15 years ago and we still don't have a city on Mars.

We have but they're covering it up for reasons.

[Nobody]

The man's a genius and a visionary.

This. A personal hero of mine.

Aye, he seems to an amazing person