Drudge Retort: The Other Side of the News

Drudge Retort

User Info

sitzkrieg

Subscribe to sitzkrieg's blog Subscribe

Menu

Special Features

Thursday, August 29, 2019

Just when Gov. Andrew Cuomo thought he was done with "Buffalo Billion" ... State Comptroller Tom DiNapoli is conducting a sweeping audit of New York's high-tech programs that will include a hard look at the taxpayer costs of the Tesla's controversial SolarCity plant in Buffalo. read more


Wednesday, August 28, 2019

Yesterday, while attempting to beat her own land speed record, the 52,000 horsepower jet-powered car driven by racer, fabricator, and television personality Jessi Combs crashed in the Alvord Desert in Oregon, killing her, as local news reports. Combs was 36 years old and held the title of "fastest woman on four wheels" after breaking 398 mph in that same North American Eagle Supersonic Speed Challenger in 2013. read more


A report recommends that New York City end gifted and talent programs at public schools in order to tackle classroom segregation, NY1 confirmed Monday night. The report, which is expected to be officially released Tuesday, was commissioned by School Diversity Advisory Group, whose members Mayor Bill de Blasio appointed. read more


Tuesday, August 27, 2019

I don't expect cancel culture to die off anytime soon, but if it does, it will be because Dave Chappelle shot it to death with the 12-gauge shotgun he was apparently saving for heroin-addicted white people trespassing on his property. read more


Friday, August 23, 2019

After nearly 40 years of offering free college, starting in 1998 students in England were asked to pay about $1,200 per year. Since then, tuition has risen to $11,000 per year. Students in England now leave college with around $60,000 of debt on average. A government-backed loan scheme means graduates only start repaying that debt once they are earning more than $30,000. Any debt that remains after 30 years is forgiven altogether. read more


Comments

No, but many state-level bans have, and the odds aren't looking good for you.

#202 | POSTED BY JOE AT 2019-09-15 09:41 AM | REPLY

www.supremecourt.gov

McDonald vs Chicago has shot down burdensome regulations like handgun bans. Can't ban handguns, you can't ban assault weapons.

You'll get a slight limit on cosmetic features at best, and everything else is rolled in as pre-ban items and easily available on the market.

Tesla's worse case scenario is some other company buys them. Tesla's aren't going anywhere though. The brand is too valuable, and all the best tech grads would rather work there than try and help GM play catchup.

#55 | POSTED BY SPEAKSOFTLY AT 2019-09-11 09:21 PM | REPLY

Lots of emotion in that one. People do get invested in their cars. I get it. I dig driver assists too. However, cars are just a depreciating asset people own for an average of 4 years (Tesla owners average 3), so try to see it my a perspective of just reading the company financials and delivery reports.

Objectively, GM is massively far ahead in Self-Driving since they bought Waymo. LIDAR beats cameras. Tesla has industry worst compensation for employees. The turnover rate for executives is absolutely staggering and far beyond any startup that's ever been successful. They have $13 billion in structural debt and payments wipe out over 25% of their cash holdings. Car sales have completely failed to turn a profit and cannot with the Model 3. Even the S/X were financial failures, the only time they turned a profit it was from battery-swap credits they sold to the major manufacturers. They then cancelled the battery swap programs but kept the credits. Tesla's "tech advantage" is a marketing driven myth. If you don't believe FSD is coming, then you can't honestly believe Tesla's market cap is the same as companies moving at least 4x more vehicles and most importantly, making a profit on them.

Tesla being bought would be a best case scenario right now. The market share valuation is an opinion that is dwindling due to the company's performance. People have kicked around the idea of Toyota buying them as they had a piece of Tesla a long time ago, winding down Lexus and replacing it with Tesla as the brand name. You'd get Kanban quality luxury vehicles with great hybrid power trains and battery options. It's highly unlikely due to Tesla's heavy debt liabilities. The worst case for Tesla is Chapter 11 the same way Enron went out. A lot of people believe Musk should be in jail for securities fraud and stock manipulation, but he's glad handed by the SEC. It's an anti-corporate progressives worst nightmare.

Drudge Retort
 

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2019 World Readable