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Notorious b.s.d.
Jan 25, 2003

by Reene
lol this thread got linked to hn

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Notorious b.s.d.
Jan 25, 2003

by Reene

coffeetable posted:

in the extreme, you could write tesla's market cap as 75% bankruptcy, 25% toyota v2.0.

a year ago, I would have agreed there was a chance that we're looking at a global auto giant, even if it is a slim one

after musky-boy's recent remarks, and the announcement of an sec investigation, the odds are not looking so good.

in the immediate future, tesla needs new money. this is incontrovertible. sales will not pay for their current burn rate. so they need to either issue new stock, or float a bond

unfortunately for tesla, it's nearly impossible for a company under an sec investigation to do either one. no investor is going to trust any of your representations about your stock or debt after you are accused of fraud.

Notorious b.s.d.
Jan 25, 2003

by Reene
tl;dr: tesla could have done fine if elon musk could keep his loving mouth shut

Notorious b.s.d.
Jan 25, 2003

by Reene

infernal machines posted:

they would at some point have to unlock the secret of building cars though

in the recent past there was reason to believe they might eventually figure it out

now that's not the case

there's no way for tesla to raise money with its current management and an outstanding sec investigation

Notorious b.s.d.
Jan 25, 2003

by Reene

Improbable Lobster posted:

anything actually worthwhile in tesla is going to be bought by one of the big auto makers and the brand/all the other worthless poo poo will be bought up by some smalltime company that'll import their own electric deathtraps under the tesla name

the brand may very well be the only worthwhile part of tesla

we know they're not very good at manufacturing cars, so why would you want the factories or designs?

is their patent portfolio worth anything?

Notorious b.s.d.
Jan 25, 2003

by Reene

iospace posted:

Actually, who over-promises more:

Musk or Roberts?

depends on the definition

roberts is promising much less in absolute terms, but, in proportion to what his company can actually deliver, he's waaaaaay out past musk

ole' musky is only promising about double what tesla is able to deliver. roberts has promised like 50x as much content as will ever get into that game.

Notorious b.s.d.
Jan 25, 2003

by Reene

Dumb Lowtax posted:

Once Tesla goes under how does it work for acquiring the rights to repair and maintain the existing fleet of Teslas with proprietary tools once the servers go dark? There's a whole lot of money in offering that and thousands of people's cars held hostage otherwise, so which company is going to bite to get those millions? And will they most likely keep the Tesla brand name?

well, one possibility is that they're just left up poo poo's creek, like owners of any other obscure, failed car

there are not that many Teslas on the road. total sales, globally, 2015 to q2 2018, across all models, come to 300,000. that is about one year's worth of toyota camry u.s. sales. or six months of f-150 sales

--

it might actually be worse than the average car company failure. usually, even after the parent company pulls out or shuts down, individual dealerships will continue to source parts and provide repairs for many years.

tesla has no independent dealers. when the parent goes, so do the service centers

Notorious b.s.d.
Jan 25, 2003

by Reene

infernal machines posted:

the good news is their parts are mostly made by everyone else. and tesla owners are gullible shits with tons of money, so there should be a healthy aftermarket trade

i don't think you can count on that

as i just pointed out, there are only 300k total vehicles out there, across all models. making/selling parts and service is not going to be very lucrative

think like, finding parts for your american-market citroen SM

Notorious b.s.d.
Jan 25, 2003

by Reene

Roosevelt posted:

she looks like she's thinking about some kind of extermination

that's just the resting face for rich, white South Africans

Notorious b.s.d.
Jan 25, 2003

by Reene

iospace posted:

What Tesla should have done is iron out the S and X, start mass producing them with actual good fit and finish, then use those lessons to make the Model 3 a decent car.

tesla is trying to iron out the model s, but the lessons are flowing the wrong direction

they are trying to make the model s more like the model 3 in order to further pad their profit margin

iospace posted:

edit fake edit: I know one of you fuckers are going to laugh at VAG.

pronunciation of the initialism is never the most laughable thing about a VAG effort to push into new territories

Notorious b.s.d.
Jan 25, 2003

by Reene

BangersInMyKnickers posted:

Maybe but with Apple's rise they were competing against amazingly incompetent manufacturers that were just pulling out of the parts bin. Auto manufacturers are way better and more ruthless than that and if Tesla doesn't get up to speed with their own supply chain they're likely to get locked out of their suppliers as the competition ramps up, exactly what Apple did to all the Android OEMs

tesla doesn't believe the auto industry has anything worthwhile to pick from so they have an unusually integrated supply chain

their single biggest supplier is panasonic, not exactly a part of the incumbent auto manufacturing industry

afaik the only real "auto" company they rely on is ZF

Notorious b.s.d.
Jan 25, 2003

by Reene

Eeyo posted:

you need to get a searzall

these things are poo poo

they do work, but they are strictly a novelty item because the patch they sear is so small

Notorious b.s.d.
Jan 25, 2003

by Reene

Not a Children posted:

Would being convicted impact Musk's clearance? He can't very well manage a loving space company in this Country without being cleared

ate all the Oreos posted:

i mean he might be able to, it's not like he has to actually do anything other than be the face of the company he could definitely appoint people to deal with all the secret stuff

the SEC will ban musk from serving as an officer of any company for a long, long time, whether it's a consent decree or just a judgment against him, that's a practically guaranteed outcome

musk will not be a part of anything going forward -- spacex, tesla, etc

Notorious b.s.d.
Jan 25, 2003

by Reene

bob dobbs is dead posted:

goog and fb might actually be able to defend against apt's not too badly

"defend" ? against who? the governments paying you money to spy on users?

the APTs probably have paid, sanctioned taps on goog and fb internal nets. god knows the u.s. authorities do

Notorious b.s.d.
Jan 25, 2003

by Reene

Shifty Pony posted:

in the vc world sure. in terms of larger market I'd be more worried about the first big company that fucks themself into a financial corner by overdoing the "take loans to fund share buybacks" thing sparking a spike in interest rates for such loans and causing a chain reaction.

ibm has done exactly this btw

fortunately the entire-market interest rates don't have much to do with what any individual private company does

as big as the fortune 500 companies are, they are each individually a piss trickle into the ocean that is the u.s. economy

Notorious b.s.d.
Jan 25, 2003

by Reene

eschaton posted:

you don’t drive an A8L

like a Maybach or a Rolls, you’re driven in one

an a8l is a lot cheaper than an s650 maybach

also modern rollers are hilariously uncomfortable due to oversize wheels and poo poo. guessing a lot of people buy them to actually be seen driving them to da club

Notorious b.s.d.
Jan 25, 2003

by Reene

eschaton posted:

nonetheless, both an A8L and a Maybach are limousines

unless you need to ferry around your large adult sons, buy an A8, not an A8L

the a8l has more handsome proportions than the shorter wheelbase which is the main reason people buy it

Notorious b.s.d.
Jan 25, 2003

by Reene

Lonoxmont posted:

i thought maybach made non-limousines as well?

maybach has been out of business for eighty years

now it is the name of the super deluxe limousine trim package on the Mercedes Benz full size sedans

Notorious b.s.d.
Jan 25, 2003

by Reene

eschaton posted:

honestly best bang for buck for his fortune would be to spend it all to ensure as few dumbshits are elected as possible, so an entity with orders of magnitude more power than he and a hundred other billionaires can ever hope to achieve (the United States Government) does something about the world’s problems

be careful what you wish for

this is what sheldon adelson and the koch brothers think they're doing

Notorious b.s.d.
Jan 25, 2003

by Reene

Ciaphas posted:

at least the model s (maybe?) still has the cachet of being sporty

make fun of tesla all you want (please!) but gently caress me those things move

in a straight line. for short periods.

they handle like pigs and they overheat if you drive too fast

Notorious b.s.d.
Jan 25, 2003

by Reene

Ciaphas posted:

i honestly thought most any car over US$100k or so was going to be a bit of a mess unless it was like a luxury car like a Jag or Bentley or something (and I'm sure their reputation in my head is as undeserved as Tesla's was)

most luxury cars are total buckets of poo poo, because rich people love toys and aesthetics more than they care about reliability

p.s. bentley is a VW product, and rolls royce is from BMW

Notorious b.s.d.
Jan 25, 2003

by Reene

infernal machines posted:

and jag had a reputation for catching fire more frequently than they got oil changes

why would you ever change the oil in a jag?

just top it up once a week, you should cycle out all the old oil in a month or so ;)

Notorious b.s.d.
Jan 25, 2003

by Reene

mewse posted:

Lloyds insurance company suing tesla, in relation to an issued insurance policy? Wonder what this one is about

qirex posted:

the world's oldest and most famously conservative insurance company is just a bunch of short selling trolls, obviously

lloyds is a specialist insurer. they write insanely specific policies about really wild and wooly poo poo that other insurers won't touch due to weirdness

can't wait to find out what's underneath this poo poo

Notorious b.s.d.
Jan 25, 2003

by Reene

KOTEX GOD OF BLOOD posted:

glad we are getting to the bottom of the yospos tesla-whipping fetish: its not that you’re shorting the stock, its that you all have poo poo taste in cars, even though u have the p deece six figgies

kotex, have you sat in a tesla yet?

i have not been in a model 3, but the model S interior is sad. it's cramped. it's ugly. everything feels cheap. it is reminiscient of a 1990s chevrolet

and that is before we get to the driving experience. sure, it's quite fast off the line. but it weighs the better part of 5,000 pounds and has a suspension made of chinesium. and it overheats if you drive it too fast. a sports car, it ain't.

i don't doubt that tesla owners, being luxury car buyers, are willing to put up with endless nonsense in the repair department. they are not, however, going to keep buying teslas with cheap lovely interiors just because it says "tesla" on the front

audi and jaguar and lexus, luxury cars made by actual car companies, are going to ruin them

Notorious b.s.d.
Jan 25, 2003

by Reene

infernal machines posted:

they're suing tesla energy/solarcity

that makes it even better since then it meshes with the various federal TLA investigations

(the solarcity deal was very obviously a conspiracy by management and a non-independent board against stockholders -- there was no way it would ever be profitable for TSLA)

Notorious b.s.d.
Jan 25, 2003

by Reene

big scary monsters posted:

on the one hand pilots are just the bus drivers of the sky, but on the other hand bus drivers are pretty underpaid in general. so good on those sky bus drivers i guess but how about some solidarity with their earthbound brothers and sisters

i don't know where the gently caress you are talking about, but in my neck of the woods, bus drivers earn a considerable sum while working very short hours, and retire with substantial pensions after 25 years -- often well before they turn 50

despite high stress, it's an insanely good job that people crawl over bodies to get

it's arguably a much better job than flying, since bus drivers basically get everything in their third year of service, not their thirtieth

Notorious b.s.d.
Jan 25, 2003

by Reene

tk posted:

Seattle is currently having trouble getting kids to and from school on time because of a bus driver shortage. I assume that’s not because drivers are being scared away by high pay.

oh well a school bus is a whole different kettle of fish i have nfc how those fuckers get paid

how does that job even work

who takes a job that has a four hour split shift with 8 hours of idleness in the middle

Notorious b.s.d.
Jan 25, 2003

by Reene
bragging about working through the holidays comes naturally to single, lonely men far from home

Notorious b.s.d.
Jan 25, 2003

by Reene

Powershift posted:

More like generation BBQ







because they're gonna get cooked by climate change, lol

Notorious b.s.d.
Jan 25, 2003

by Reene

muckswirler posted:

to be fair this is a better definition of middle-class. households under 120k per yearish are working-class. under 60k working-poor. with wage stagnation and upward wealth transfer there's a massive gulf between the truly wealthy and the 'traditional blue collar' middle class of 60 years ago. and it's full of people who make 200k or 400k per year.

median income in the united states is $31,000

meaning half of workers make less

Notorious b.s.d.
Jan 25, 2003

by Reene

TerminalRaptor posted:

I remember using our modem to connect to the library and browse the internet via Lynx.

this was the only internet access in my hometown for many years, unless you could dial into a university

there wasn't a dial-up provider until 1995 or 1996

Notorious b.s.d.
Jan 25, 2003

by Reene

Kevin Mitnick P.E. posted:

the middle class is frickin tiny and living on median household income is fairly precarious. takes a lot of discipline to not go broke

that's the joke, i guess

  • the british "middle class" was doctors and lawyers and clerks and so on. the modestly affluent, who only had a couple of servants. a thin skein, stretched tight as a drum between the rich and the toiling masses

  • the american "middle class" were factory workers and school teachers and other rather ordinary workers, but they enjoyed comparable standards of living to british affluence for like, a third of the adult population -- a vast, vast number of people.

that may be ending now, but the folks who work high dollar jobs and grew up in high dollar households have no loving clue how ordinary americans live

this is partly funny because they're wrong about the details

it is partly funny because they are, awkwardly, right, because the "middle class" as we knew it is evaporating

Notorious b.s.d.
Jan 25, 2003

by Reene
the world is changing

rich people are stupid

average americans are poor

it's kinda funny to watch these items collide

Notorious b.s.d.
Jan 25, 2003

by Reene

Vomik posted:

90% of america is working class

congratulations on not reading any posts, and just skipping to the "quote" button

may i suggest :gb2gbs:

Notorious b.s.d.
Jan 25, 2003

by Reene

Kevin Mitnick P.E. posted:

household income of 100k is 72nd percentile. 250k is 96th percentile. im ok with calling that a quarter of us households are middle class. expect that to keep dropping as boomers age out of the workforce though

ok you too

Notorious b.s.d.
Jan 25, 2003

by Reene
there was a joke involved here and y'all didn't bother to engage

beep boop numbers appeared further up the page

Notorious b.s.d.
Jan 25, 2003

by Reene
r,c,p

Notorious b.s.d.
Jan 25, 2003

by Reene

infernal machines posted:

wait, someone told a joke? in here?

the joke is the tsla p/e

we're the butt of it

Notorious b.s.d.
Jan 25, 2003

by Reene

infernal machines posted:

how's the oncoming specter of death looking, old man?

death looks sexier every day

no one can resist that sweet embrace

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Notorious b.s.d.
Jan 25, 2003

by Reene

mystes posted:

I can no longer imagine living in a world where when I can't get to sleep I can't just pull out my phone and start looking up different types of living and extinct otters on wikipedia (although it might be a better world).

thanks for that now I am googling for extinct otter species

this day is wasted

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