Tesla’s Burning Through Nearly Half a Million Dollars Every Hour

bloomberg.com/news/articles/2017-11-21/tesla-is-blowing-through-8-000-every-minute-amid-model-3-woes
>Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour), Bloomberg data show. At this pace, the company is on track to exhaust its current cash pile on Monday, Aug. 6. (At 2:17 a.m. New York time, if you really want to be precise.)
Rot in piss,Musky.
Press "F" to pee on gravestone!

How long until Elon Meme pulls a brand new model to put on preorder to get some more money and pretend his company can be viable while he doesn't deliver?

By August he'll be selling 20,000 Model 3s per month.

Other than the semi and supercar?

>wishing someones failure

S H A M E

H

A

M

E

>another butthurt yuropoor Telsa thread
getting old user.

>i-i-it's the eu-europeans!
The complex is strong with this one

Even then that someone is corrupt socialist that wants to turn every car into self-driving ev?Fuck Musk,i hope shitstain is out of money and working in burger kind by the next year"no dude,i don't give a shit about your next revolutinary ev i just want my woopper with bacon and buffalo wings with bbq sauce"

Haven't you learned to blame the Russians for everything?

How exactly is that news?

>people invest in Tesla by giving them money upfront
>Tesla uses the money to deliver on their promises

They better be bur ... i mean using the money people gave them lol

My dreams are to genocide all nonwhites.
Do you wish me success brother?
Or failure?

you aren't genociding anyone other than your own existence by shitposting about how you want to kill nonwhites on an automotive board.

Don't you remember where we are?

i hope your memes stay dreams

>socialist
The dude is an investor and entrepreneur with his fingers in many pies and rips off the people who buy his already not cheap cars by hiding engine power behind higher payment tiers. He's a consummate capitalist.

Musks trying to destroy cars as we know them, and you think it's bad to wish him failure.
I'm trying to destroy nonwhites, and you didn't take my equivalency seriously.
Wish me success you fucking coon, or else you're a fucking hypocrite.

I just want to say Elon is actually trying to save the automotive industry. His idea of self driven cars was a spectacular idea for commuters who hate driving and hate riding a bus or a taxi, so he created the first ever self driven car. It's a good idea because of how drivers today are more prone to getting into an accident, well if all cars were autonomous, this problem would decrease massively.

It's a shame that Tesla is gonna hit rock bottom soon, such an innovate car company in the hands of Based Musk.

Okay fuckstick. It is time to gather up your tits and crawl back to your containment board.

And like all capitalists, he wishes everyone else was socialist so they would be easier to control.

>remember, tesla of the people is endorsed car of party! true comrade does not rely on capitalist middle eastern oil!

>Can't face reality
Either admit that you're a tesla shill pushing your agenda by appearing to be a "moderate sensible dude".
The fact of the matter is that failure is a good thing when what fails is an attempt to destroy everything else.
Telsas failure is the best thing that could possibly happen in the automotive world today.

He gonna run his shit bankrupt for sure, then one of the big automakers gonna make him an offer he cant refuse.
Bamm Musk gets few billion and walks away,
new owners come it with all R&D done for them they just mass produce into polished turds
faggot wins even if looses fuck that nigga

The moment governments see a the opportunity they're going to jump on combustion engine cars. They're already signing long-term treaties and projects to ban them in cities. Even more taxes are sure to come. They're obviously going to shamelessly manipulate the market to push for this hot new meme, and it pisses me off.

I don't oppose the idea of electric cars, but let's not get carried away with the promises and act like we live in future dreamland with technology and conditions we don't actually have. Let's not start dismantling the roads until we're 100% sure drones, 3d printers, ipads or whatever meme technology has already replaced them. Thankfully for us they didn't do it during the railway mania or the airline bubble, let's hope current leaders have the same prudence (RIP).

soyboys BTFO

Well duh tesla was never a viable company. the batteries aren't there, the infrastructure isn't there. Was anybody here really stupid enough to think the japanese would just stand by and watch tesla eat their lunch if the world was ready for electric cars?

>tesla
>can't even automate an assembly line
>can't produce any model 3s like they said they would be able to

what a garbage fucking company

>I have never seen so much manual labor on a line
You're still not getting it Teslas job is to spend/launder other peoples money not make a viable product.

ev cucks will defend this

I hope Tesla doesn't go out of business. Why would anyone not want Tesla to do better?

Every tesla fan is an insufferable faggot and their tears would increase the amount of happiness in the world

because elon can't run a company without government help

tesla just needs to go under so a better company can buy them up and actually build things properly

>because elon can't run a company without government help

Wouldn't a better solution be for Tesla to not have government help?

How do you propose that a company which loses $8000 a minute to function without govt help?

Stop losing money.

i cant believe they haven't thought of doing that

Why don't Elons just buy more money?

Tesla is a pyramid scheme. It requires hype from dumb retards like you and Rich retards to "preorder". The preorder money doesn't go in some safe. Tesla is using it for current cars like the 3. Meaning they actually don't have money for the car you ordered. So they have to hype up some other new hip product and get retards to fund your project. This is an unsustainable business model.

Well it's not unsustainable if profits eclipse cost and then they can build without pre orders. But that's a LONG road.

>His idea of self driving cars
>His idea
>His
This is just the type of fanboi cock slarping that turns off the technical enthusiast.

Elon is worth $10b, he doesn't need or deserve corporate welfare.

to fail and let another company that knows what it's doing take over

I'm going to bet 99.9% of his money is tied up in companies losing money. He doesn't have billions, his businesses are VALUED at billions. Completely different things.

Musk has too much hubris. Keep in mind that in 2016, he essentially said that he is rich enough to kill God when he and a bunch of his Silicon valley buddies declared that they believe that we are in a computer simulation, and that they are going to hack their way out of it.

You see me wanting Tesla to go under as wanting to see Musk fail. In reality, I just want to see reality knock the wind out of him and his fanboys.

>spacex is doing monthly rocket launches for the next few years

>his hole boring company is currently working to dig a massive tunnel for a transportation system

he couldnt run out of money even if he wanted to

t. political illiterate brainlet

>ITT: Veeky Forums once again proves their ignorance of how car companies operate

For car enthusiasts, you people are really fucking dumb.

butthurt tesla fanboy detected

go jerk off musk somewhere else

This. Every car video on youtube has got a thousand faggots in the comments section saying "but the Tesla roadster is faster" completely ignoring the fact that it doesn't exist and neither does the technology to build it.

...

the model S was a good car, and he made the big car manufacturers take electric seriously. mission accomplished as far as I'm concerned

>railway mania
>airline bubble
>pushing for this hot new meme
dude... it's very simple, governments are trying to pollute less and make driving safer
you're just knowingly shilling for interests that are not yours but of the ultra rich elite that runs the oil business and you're doing this partly because you've been fooled by the media and partly because you don't want to lose your ability to hoon around the streets
just grow the fuck up like every american should and take that shit to the track, if you can afford it, or keep whining about muh gubbament n soy like an autistic kekistan retard

If this was Neil Degrasse Tyson, Bill Nye, Brian Cox or any other famous "nerd" they would have been called out on it, but because it was Musk it's somehow cool and intelligent.

Probably because Musk is a billionaire that actually does shit and the others are just talking heads?

How many seasons of Rick and Morty do I have to watch to be intelligent enough to identify with this quote?

>having money means you're unassailable and infallible
God damn I hate this retarded mentality.

Remind me again who /pol/ considers unassailable and god-emperor-ish because he has a lot of money and "means" what he says?

you're on Veeky Forums not /pol/

yes, let mommy government hold your hand and protect you from everythin

/p/o/l/

not an argument.

So falsely claiming original ideas to pump up your stock is irrelevant?

>his businesses are VALUED at billions
Then he can sell some shares to raise cash.

But only managing to get 15,000 built.

I mean it did already happen with cassettes and mp3.

Season 4

Can't Tesla just ask for a government bailout if things turn for the worse? I mean GMC got one and those guys are Tesla levels of incompetent.

This is like Hitler in 1945, commanding car deliveries that don't exist.

He had to sell over half a billion worth to cover his income tax bill for 2016. Kinda crazy to think that a dude's personal taxes hit half a fucking billion but there you go.

They'll be lucky to hit 1,500 at this rate.

Musk is enough of a meme and enough of a Good American Boi that the US would do it. Not trump -- literally any iteration of the US government would do it, because "MUH AMERICAN INNOVATION"

You are dumb

i sympathize with this guy as a fellow businessman.

he fell for the mistake of ignoring the current demand and supplying a product hoping a demand is created for it

the rich hippies who are not brain dead know that electric cars produce enormous amounts of pollution to make. also electricity requires pollution to generate

the production needed for these two things is vastly different

>tesla - backed by google and tax subsidies
>ever going bankrupt

Lol, awesome.

Dude when you build cars for essentially the upper class commuters and it's gimmick is "it's high performance electric with exclusive services". They are essentially creating a caste system of ownership of the car brand when there are obviously better vehicles out there for the price and features. Also the cars are not made, they are ordered.

>He's a consummate capitalist.
Funny because his consumer turnout is at an all time low after those payment features were introduced.

I was right about any electric car being battery dead after 10 years, but honestly I would have never have thought that a hyped electric car brand would be dead in the same amount of time.

>T-t-tesla is going to fail any minute now
>t-t-t-this time f-for real
Am I doing this correctly, chaps?

The fucking prototype already is faster, and they will only keep improving on it.
It's amazing to me how many idiots mindlessly defend the status quo.

>a government bailout if things turn for the worse?
They already get huge subsidies, tax credits, and forced carbon payments by real companies. What more can be done to keep Tesla afloat?