3 ms·
Well, the big 3 are all currently profitable, so they have that going for them. I'm not sure how Tesla is going to make it as they continue to overpromise, und
by Judgmentality 9y ago
Well, the big 3 are all currently profitable, so they have that going for them. I'm not sure how Tesla is going to make it as they continue to overpromise, underdeliver, and hemorrhage money.
I do agree with you though that Tesla is far better at marketing.
- greglindahl 9y agoTesla has had repeated success raising money by going to the financial markets, so, it appears that enough fools are willing to invest to sustain them until now and for a while longer.
- cinquemb 9y agoAnd the Big 3 have had big success in getting large near zero interest rate loans and liens of liquidity provided by tax payers directly and the issuance/sales of t-backs on behalf of tax payers. Financially speaking, the shenanigans of Tesla and the Big 3 aren't too dissimilar…
- slededit 9y agoFord didn't get a bailout, nor did they need the cash for clunkers assistance.
- Judgmentality 9y agoThis isn't true. Ford actually took out a bigger loan than GM. In fact, Ford still owes the government over $6 billion when the other automakers have repaid their debts. https://www.forbes.com/sites/joannmuller/2011/09/19/ford-looks-hypocritical-in-new-anti-bailout-commercial/#5dbec21a1efc https://www.forbes.com/sites/joannmuller/2011/09/19/ford-loo...