Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Who will apply for work at Tesla in Tulsa?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="dennishoddy" data-source="post: 3368916" data-attributes="member: 5412"><p>Exactly. When my dad was in college at OSU in the 40's the last known oil reserve would peter out in the 70's.</p><p>It's a fact that wind power would fold in a heartbeat without the government backing it with tax dollars.</p><p>For those that don't think so, jump on your congress folks to force that "energy" source to spin on its own to live or die.</p><p>It will die shortly and there will be thousands of monuments to this boondoggle left for the landowners to take care of.</p><p></p><p>Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.</p><p></p><p>And he’s built those companies with the help of billions in government subsidies.</p><p></p><p>Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.</p><p></p><p>He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”</p><p></p><p>The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars.</p><p></p><p>A looming question is whether the companies are moving toward self-sufficiency — as Dolev believes — and whether they can slash development costs before the public largesse ends.</p><p></p><p>Tesla and SolarCity continue to report net losses after a decade in business, but the stocks of both companies have soared on their potential; Musk’s stake in the firms alone is worth about $10 billion. (SpaceX, a private company, does not publicly report financial performance.)</p><p></p><p>Musk and his companies’ investors enjoy most of the financial upside of the government support, while taxpayers shoulder the cost.</p><p></p><p>Musk might have started PayPal but the board of directors threw him out of his own company.</p><p></p><p>Musk was also thrown out as CEO of zip2.</p><p>His rockets continue to explode as late as February of this year. I have posted pics of that failure. We drove by it on the way to the Boca Chica gun range.</p><p></p><p>His rockets exploded on his first attempt in 2006, second in 2007, on the second launch attempt, third in 2008 with NASA satellites aboard costing taxpayers additional millions.</p><p>2013 1st failure landing in the ocean</p><p>2014, Tesla’s were burning up with spontaneous combustion from battery issues.</p><p>2015 4th rocket explosion at launch. 2nd and third explosions when landing on a drone ship.</p><p>2016, Tesla vehicles delayed 18 months.</p><p>2016, 5th rocket exploded with Facebook satellites worth $300 million.</p><p>2016, 4th, 5th, and 6th critical failures while landing on a drone ship.</p><p>Musk says UFO’s could have been the problem.</p><p>WTF??</p><p>His failures and government bailouts just continue.</p><p></p><p>I'll concede that failure for some leads to success by learning from failures, but most successes haven't been on the wing of the taxpayer for so long for so much as Elon Musk.</p><p>His accomplishments have been as a thinker. He hired the expertise that has made him successful and caused him to fail.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 3368916, member: 5412"] Exactly. When my dad was in college at OSU in the 40's the last known oil reserve would peter out in the 70's. It's a fact that wind power would fold in a heartbeat without the government backing it with tax dollars. For those that don't think so, jump on your congress folks to force that "energy" source to spin on its own to live or die. It will die shortly and there will be thousands of monuments to this boondoggle left for the landowners to take care of. Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space. And he’s built those companies with the help of billions in government subsidies. Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups. He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.” The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars. A looming question is whether the companies are moving toward self-sufficiency — as Dolev believes — and whether they can slash development costs before the public largesse ends. Tesla and SolarCity continue to report net losses after a decade in business, but the stocks of both companies have soared on their potential; Musk’s stake in the firms alone is worth about $10 billion. (SpaceX, a private company, does not publicly report financial performance.) Musk and his companies’ investors enjoy most of the financial upside of the government support, while taxpayers shoulder the cost. Musk might have started PayPal but the board of directors threw him out of his own company. Musk was also thrown out as CEO of zip2. His rockets continue to explode as late as February of this year. I have posted pics of that failure. We drove by it on the way to the Boca Chica gun range. His rockets exploded on his first attempt in 2006, second in 2007, on the second launch attempt, third in 2008 with NASA satellites aboard costing taxpayers additional millions. 2013 1st failure landing in the ocean 2014, Tesla’s were burning up with spontaneous combustion from battery issues. 2015 4th rocket explosion at launch. 2nd and third explosions when landing on a drone ship. 2016, Tesla vehicles delayed 18 months. 2016, 5th rocket exploded with Facebook satellites worth $300 million. 2016, 4th, 5th, and 6th critical failures while landing on a drone ship. Musk says UFO’s could have been the problem. WTF?? His failures and government bailouts just continue. I'll concede that failure for some leads to success by learning from failures, but most successes haven't been on the wing of the taxpayer for so long for so much as Elon Musk. His accomplishments have been as a thinker. He hired the expertise that has made him successful and caused him to fail. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Who will apply for work at Tesla in Tulsa?
Search titles only
By:
Top
Bottom