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Tesla would not exist today if it wasn't for Government mandated climate panic. It's a company selling subsidised go-karts to rich people in California and New

Tesla would not exist today if it wasn't for Government mandated climate panic. It's a company selling subsidised go-karts to rich people in California and New York due to the out-of-touch worries of neurotic politicians in D.C. , Glasgow, Davos and Paris. > Microsoft as made gigantic amount of money selling to government Microsoft , you mean the company almost dissolved by the DOJ? I will retract my statements on Tesla being propped by cronysm when Govt. produces even 1/100th of scrutiny endured by Microsoft. Who am I kidding? It will never happen...for the DOJ to go after a company it needs to have market share of 70% and upwards, whereas despite billions of dollars in subsidies and credits Tesla can't even make it to 1% of yearly global new car sales. 1% in 20 years. Ladies and gentlemen the backbone of the global industrial economy. Not. However that's how the cult leader...ehm I mean the CEO advertises it to the world. Great dominance in the Financial press, tech press and gossip press though. And surprisingly even on HN and reddit people have fallen for the scam.

panick21_ 4y ago
So much nonsense and often repeated myths. So many basic mistakes. You should be embraced. > It's a company selling subsidised go-karts to rich people in California and New York due to the out-of-touch worries of neurotic politicians in D.C. , Glasgow, Davos and Paris. Wow tell us how you really feel, you must feel so superior. Of course its just unsubstantiated nonsense. So lets go threw some actual facts. Most vehicles Tesla sells are pretty close to avg new sale car price. So I guess you can call everybody that buys a new rich if you want but Tesla is not really spacial or unique in terms of selling to rich people. In terms of your 1%, they actually are more then 1%. 78 million are sold globally, Tesla this year will close to 1.5 million cars. Can you do the math? (And you can also do the numbers 12 month rolling if you don't want to include Q4 of this year). But don't let facts stop your rant. And if you want to look at it in terms of profit, Tesla is way larger fraction of the automotive market then that. And of course as far as your comment about how the press, the reality is Tesla profits this Quarter were higher then Ford and GM combined, close in profit to Toyota while having much better debt position and selling far fewer cars and models. And of course while still growing at incredible rates. Maybe just maybe that is why the financial press focuses on them more then many other companies. Go and search some historically comparable companies in terms of revenue and profit growth and tell me how Tesla is doing badly. > 1% in 20 years. Ladies and gentlemen the backbone of the global industrial economy. Not. However that's how the cult leader...ehm I mean the CEO advertises it to the world. Have you actually done literally any research on the topic ever? Tesla is one of the faster growing manufacturing companies in history and doing that while also interdicting a product that had not existed to any series degree in the market before. And Elon never said that Tesla is the 'backbone of global industrial economy' that just seems like something you made up. Please provide a source. > whereas despite billions of dollars in subsidies and credits In terms of subsidies Tesla got the same type of tax abatement's literally every large industrial player gets when making large. So if VW, Toyota or whoever had built a Gigafactory in Nevada they could have gotten the same kind of deal. This is just a reality of the way the system works. It doesn't give Tesla some magical advantage that they can exploit against other companies. Its just how the economy works, you can like it or hate it, but as a reason why Tesla is successful its absurdly terrible argument. And its also not cash they can just spend, its just a reduced expenditure over the next 20 years. So the idea that because of those subsidies Tesla got some competitive advantage is nonsense. Another thing people mention is the tax credits program. This is a program that only applied to 250k cars and again was available 10 years after Tesla was funded. Again this provides no competitive advantage to Tesla, ever car company could take advantage of that. And GM and other companies used these credits too. So again to claim that Tesla success can be explained by this mostly falls flat. The next and favorite thing people bring up is fuel credits. Fuel credits are system to reward companies that do good in terms of following regulations and punishes companies that are bad. This is not money from the government, this is money from car companies that pollute more then they are should. Again, these are the universal rules of the market. This rule was not designed for Tesla or with any intention of promoting Tesla. These are just the laws the car market operates under. We can have a discussion if fuel credits are the best policy tools for government to use. But fundamentally are you gone disagree with the concept that governments should have fuel standards give intensives to companies to do the right thing? Outside of climate crisis, local pollution alone make this a sensible policy. These fuel credits did net Tesla a few billion but do yourself a favor and go look threw Tesla financial history, you can exclude fuel credits income from its whole history. Then do some graphs on Tesla financials and their growth and margin curves. Then add the fuel credits, then compare the graphes. Anybody that claims that Tesla is only successful because of government action is just deluding themselves. Everybody who actually studied the financials of Tesla had figured out by 2014 that while Credits were nice little revenue boost, those that focused on credit were missing the woods because of the trees. > And surprisingly even on HN and reddit people have fallen for the scam. The scam of a company making 3+ billion $ a quarter at 15% operating margin. Yeah what a scam you must feel so smart.

panick21_ 4y ago

So much nonsense and often repeated myths. So many basic mistakes. You should be embraced. > It's a company selling subsidised go-karts to rich people in California and New York due to the out-of-touch worries of neurotic politicians in D.C. , Glasgow, Davos and Paris. Wow tell us how you really feel, you must feel so superior. Of course its just unsubstantiated nonsense. So lets go threw some actual facts. Most vehicles Tesla sells are pretty close to avg new sale car price. So I guess you can call everybody that buys a new rich if you want but Tesla is not really spacial or unique in terms of selling to rich people. In terms of your 1%, they actually are more then 1%. 78 million are sold globally, Tesla this year will close to 1.5 million cars. Can you do the math? (And you can also do the numbers 12 month rolling if you don't want to include Q4 of this year). But don't let facts stop your rant. And if you want to look at it in terms of profit, Tesla is way larger fraction of the automotive market then that. And of course as far as your comment about how the press, the reality is Tesla profits this Quarter were higher then Ford and GM combined, close in profit to Toyota while having much better debt position and selling far fewer cars and models. And of course while still growing at incredible rates. Maybe just maybe that is why the financial press focuses on them more then many other companies. Go and search some historically comparable companies in terms of revenue and profit growth and tell me how Tesla is doing badly. > 1% in 20 years. Ladies and gentlemen the backbone of the global industrial economy. Not. However that's how the cult leader...ehm I mean the CEO advertises it to the world. Have you actually done literally any research on the topic ever? Tesla is one of the faster growing manufacturing companies in history and doing that while also interdicting a product that had not existed to any series degree in the market before. And Elon never said that Tesla is the 'backbone of global industrial economy' that just seems like something you made up. Please provide a source. > whereas despite billions of dollars in subsidies and credits In terms of subsidies Tesla got the same type of tax abatement's literally every large industrial player gets when making large. So if VW, Toyota or whoever had built a Gigafactory in Nevada they could have gotten the same kind of deal. This is just a reality of the way the system works. It doesn't give Tesla some magical advantage that they can exploit against other companies. Its just how the economy works, you can like it or hate it, but as a reason why Tesla is successful its absurdly terrible argument. And its also not cash they can just spend, its just a reduced expenditure over the next 20 years. So the idea that because of those subsidies Tesla got some competitive advantage is nonsense. Another thing people mention is the tax credits program. This is a program that only applied to 250k cars and again was available 10 years after Tesla was funded. Again this provides no competitive advantage to Tesla, ever car company could take advantage of that. And GM and other companies used these credits too. So again to claim that Tesla success can be explained by this mostly falls flat. The next and favorite thing people bring up is fuel credits. Fuel credits are system to reward companies that do good in terms of following regulations and punishes companies that are bad. This is not money from the government, this is money from car companies that pollute more then they are should. Again, these are the universal rules of the market. This rule was not designed for Tesla or with any intention of promoting Tesla. These are just the laws the car market operates under. We can have a discussion if fuel credits are the best policy tools for government to use. But fundamentally are you gone disagree with the concept that governments should have fuel standards give intensives to companies to do the right thing? Outside of climate crisis, local pollution alone make this a sensible policy. These fuel credits did net Tesla a few billion but do yourself a favor and go look threw Tesla financial history, you can exclude fuel credits income from its whole history. Then do some graphs on Tesla financials and their growth and margin curves. Then add the fuel credits, then compare the graphes. Anybody that claims that Tesla is only successful because of government action is just deluding themselves. Everybody who actually studied the financials of Tesla had figured out by 2014 that while Credits were nice little revenue boost, those that focused on credit were missing the woods because of the trees. > And surprisingly even on HN and reddit people have fallen for the scam. The scam of a company making 3+ billion $ a quarter at 15% operating margin. Yeah what a scam you must feel so smart.