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OK, but Tesla makes cars that catch fire while parked, and their "profit" comes from selling carbon credits to GM and Fiat. I agree Tesla is less of a pyramid

OK, but Tesla makes cars that catch fire while parked, and their "profit" comes from selling carbon credits to GM and Fiat. I agree Tesla is less of a pyramid scheme, but I think it's still a pyramid scheme.

deleted 5y ago
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speedgoose 5y ago
They invest a lot and not cars catching fire is unfortunately not that uncommon. I'm not sure Tesla is worse than the others. In electric cars, Hyundai and general motors got a few fires from LG batteries. If you think about ICE cars, its really not uncommon for them to burn too. If you really think Tesla is a pyramid scheme, you should consider reading their financial reports and test drive a recent one. It's perhaps a bit overrated and the full self driving is not happening anytime soon, but it's a solid product.
caf 5y ago
The regulatory credit income is about what they're spending on R&D, so another way to look at it is "Tesla have GM and Fiat funding their R&D".
rcMgD2BwE72F 5y ago
Tesla cars catch far less fire than their competitots's, EV or ICE. This has been debunked years ago, check your sources. As for credits making their profits, first it's like saying early Anazon could never turn profitable and second, just wait for the P/L report of this 2020Q2. You're in for a big surprise (my bet: profitable without counting credits amd even S/X sales!)
SavantIdiot 5y ago
I don't think you know what a pyramid scheme is. A pyramid scheme is a sales scheme where one person enlists other people to sell their goods because they take a % of the sales of the people below them, which encourages the people below them to hire people below THEM. It also requires a large up front purchase by new members, which is what causes those percentages to trickle upstream, amplifying what the person at the top of the pyramid gets based on how many layers are below. When people at the bottom begin to fail to sign up new members, each layer above them no longer finds it profitable, which causes the pyramid to eventually collapse. Tesla is in no way a pyramid scheme. It is, however, a groundbreaking luxury car brand that is disrupting the auto-sales collusion, opening up the possibility of fossil fuel use reduction, highly dependent on blood minerals, and run by an egomaniac tax cheat who doesn't give 2 shits about his employees. Tesla's impact is multi-faceted, both positive and negative, and highly nuanced.

deleted 5y ago

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speedgoose 5y ago

They invest a lot and not cars catching fire is unfortunately not that uncommon. I'm not sure Tesla is worse than the others. In electric cars, Hyundai and general motors got a few fires from LG batteries. If you think about ICE cars, its really not uncommon for them to burn too. If you really think Tesla is a pyramid scheme, you should consider reading their financial reports and test drive a recent one. It's perhaps a bit overrated and the full self driving is not happening anytime soon, but it's a solid product.

caf 5y ago

The regulatory credit income is about what they're spending on R&D, so another way to look at it is "Tesla have GM and Fiat funding their R&D".

rcMgD2BwE72F 5y ago

Tesla cars catch far less fire than their competitots's, EV or ICE. This has been debunked years ago, check your sources. As for credits making their profits, first it's like saying early Anazon could never turn profitable and second, just wait for the P/L report of this 2020Q2. You're in for a big surprise (my bet: profitable without counting credits amd even S/X sales!)

SavantIdiot 5y ago

I don't think you know what a pyramid scheme is. A pyramid scheme is a sales scheme where one person enlists other people to sell their goods because they take a % of the sales of the people below them, which encourages the people below them to hire people below THEM. It also requires a large up front purchase by new members, which is what causes those percentages to trickle upstream, amplifying what the person at the top of the pyramid gets based on how many layers are below. When people at the bottom begin to fail to sign up new members, each layer above them no longer finds it profitable, which causes the pyramid to eventually collapse. Tesla is in no way a pyramid scheme. It is, however, a groundbreaking luxury car brand that is disrupting the auto-sales collusion, opening up the possibility of fossil fuel use reduction, highly dependent on blood minerals, and run by an egomaniac tax cheat who doesn't give 2 shits about his employees. Tesla's impact is multi-faceted, both positive and negative, and highly nuanced.