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The Water Cooler
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Tesla has received 325,000 preorders for the Model 3
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<blockquote data-quote="Larry Morgan" data-source="post: 2868578" data-attributes="member: 4676"><p>Yup! But they did manage to raise 350 million in a few days. That might be enough to cover one years worth of their continuous operating losses... </p><p></p><p>Don't get me wrong, Tesla cars are cool as heck. I felt like a little kid riding in one, finally getting to hear and feel the futuristic wave of the future every generation is brainwashed into believing will come true (You know, before they are old enough to understand economics, and even more importantly, energy and its rate and means of production, but I digress). But the company has a market cap of 35 Billion, and their stock is up in the $250 range, which is about a 30%ish increase since early March. All the while they have been operating at a net loss for years! The Model 3 may make or break them, but there are obviously plenty of people willing to flood them with cash to stay afloat. I just read a story about someone who basically invested every asset they could in the company years ago. Talk about eggs in one basket!</p><p></p><p>And I DO hope they succeed. But man, they seem like they've been given a free pass for quite some time simply because of the positive speculation they've received. </p><p></p><p>On another note...</p><p>I'm curious to see what the Chevy Bolt does. Although, Tesla seems to be the only car company that resists the urge to make their electric cars absolutely freaking hideous. I mean, come on.. Have you seen the BMW I3?</p><p></p><p>We shall see, I guess. I payed about the cost of the Model 3 for a nicer sedan. Would I have rather had a Model 3 over it? Quite possibly. Am I going to drop $1k and then wait 4 years for a car that might not materialize? NOPE.</p></blockquote><p></p>
[QUOTE="Larry Morgan, post: 2868578, member: 4676"] Yup! But they did manage to raise 350 million in a few days. That might be enough to cover one years worth of their continuous operating losses... Don't get me wrong, Tesla cars are cool as heck. I felt like a little kid riding in one, finally getting to hear and feel the futuristic wave of the future every generation is brainwashed into believing will come true (You know, before they are old enough to understand economics, and even more importantly, energy and its rate and means of production, but I digress). But the company has a market cap of 35 Billion, and their stock is up in the $250 range, which is about a 30%ish increase since early March. All the while they have been operating at a net loss for years! The Model 3 may make or break them, but there are obviously plenty of people willing to flood them with cash to stay afloat. I just read a story about someone who basically invested every asset they could in the company years ago. Talk about eggs in one basket! And I DO hope they succeed. But man, they seem like they've been given a free pass for quite some time simply because of the positive speculation they've received. On another note... I'm curious to see what the Chevy Bolt does. Although, Tesla seems to be the only car company that resists the urge to make their electric cars absolutely freaking hideous. I mean, come on.. Have you seen the BMW I3? We shall see, I guess. I payed about the cost of the Model 3 for a nicer sedan. Would I have rather had a Model 3 over it? Quite possibly. Am I going to drop $1k and then wait 4 years for a car that might not materialize? NOPE. [/QUOTE]
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Tesla has received 325,000 preorders for the Model 3
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