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Guess How Many Tesla Vehicles Were Registered In April In Hong Kong, Zero Hedge

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong?

And the hits just keep on coming for Elon Musk.

After a tax incentive for electrified cars was slashed in Hong Kong, fresh registrations of Teslas vehicles dropped from Two,939 to zero.

Hong Kong, tho’ relatively petite, is a significant outpost of luxury car buyers and trend setters. Its government had long waived its vehicle registration tax for freshly purchased electrified automobiles, adding to the attraction of Tesla`s cars.

Citing enhanced congestion of privately wielded vehicles on its streets, the government said in February that it would be switching the policy so the tax would be waived only on the very first 97,500 Hong Kong dollars (about US$12,500) of an electrical car`s purchase price for individuals.

After the switch came into effect on April 1, the cost of a basic Tesla Model S in Hong Kong effectively rose to around US$130,000 from less than US$75,000.

And the reaction – request tumbled.

The Wall Street Journal reports that Tesla sales in Hong Kong plummeted after authorities slashed a tax break for electrified vehicles on April 1, demonstrating how sensitive the company`s spectacle can be to government incentive programs. Official data from Hong Kong`s Transportation Department, analyzed by The Wall Street Journal, display that no freshly purchased Tesla Model S sedans or Model X sport-utility vehicles were registered in April in the Chinese territory, and only five privately wielded electrified vehicles were registered in May .

The collapse followed a surge just before the tax switch, which had been announced in February, with fresh registrations of almost Three,700 Tesla vehicles in the very first quarter – including Two,939 in March alone – compared with 1,506 vehicles in the entire 2nd half of 2016.

The end of the tax exemption «has indeed put the brakes on electric-vehicle adoption in Hong Kong,» said Mark Webb-Johnson, a founder of Charged Hong Kong, a group that promotes electrical vehicles.

In a statement, Tesla said.

«Tesla welcomes government policies that support our mission and make it lighter for more people to buy electrical vehicles, however, our business does not rely on it.“

The company said its sales revenue in China, where it faces large tariffs, has risen without government incentives.

«At the end of the day, when people love something, they buy it,» it said.

Except it shows up they’re not!

We have one last question – does anyone feel like this latest string of terrible headlines (and reality checks) for Musk and Tesla smells a lot like the latest collapse in Uber? Is the smoke beginning to clear? Are the mirrors embarking to break?

• Printer-friendly version
• Jul 9, two thousand seventeen Ten:40 PM
• 99

One or more of the Tylers indeed doesn’t like Tesla or it’s CEO

long crimson wine & ambian

The sad part is Tesla shares will go up again

Tyler’s brief Tesla. It won’t be hugs, but hookers and suck at the ZH Cave soon.

It is a fake company. Without government subsidies they collpase. It is not a viable business if the the entire premise/business model requires billions in credits and subsidies.

And even after all those government subsidies and handouts, they still need to raise a billion dollars a quarter in fresh capital.

Not a supporter of TELSA, but how are they different than the US auto companies in 2008? Bailouts and cheap financiing. how did the GM bondholders make out?

That was 2008. Since then the US auto companies have made hefty profits and paid lots of taxes while Tesla has collected hundreds of millions in handouts. The despicable thing is rich Tesla buyers all over the planet get meaty tax cracks for buying these poor quality junkers. In many US states as well as Hong Kong and Denmark when government handouts to the rich buyers get slashed or eliminated sales of electrics, including Tesla, are almost non existent. What’s even worse the rich Tesla buyers pay ZERO road use taxes, a thing the rest of us do every time we gas up.

Wall Street has been propping up this stock for years as if I need to remind anyone. Maybe the FED too, who knows. Even with all the handouts Tesla would be gone today except for being able to raise enormous capital floating more stock. Considering book value is around ten bucks, maybe less now, if the stock was fairly priced Tesla would have disappeared years ago. A few months back they floated a bunch of stock, which diluted everyone’s holdings, and the stock went up.

Whether it be direct payments by the government to Tesla or to their buyers Tesla is just one big submerge crevice of taxpayer dollars destined to never pay any taxes. You true believers of the Church of Musk chortle over the “bailout” of the other automakers and how that justifies more handouts for Musk. If Wall Street, that keeps Tesla stock sky high, had not come close to demolishing the world economy and thus seizing up the capital markets there would not have been a “bailout” and GM and Chrysler would have been able to do their “rescue” in the private sector. Chrysler paid back their loans and the government would have made money on the GM deal if they would have held the stock longer. Tesla has done absolutely nothing but suck at the government teat but GM, Ford, and Chrysler and other auto companies now gone built the powerhouse of industrial America that the pols and greedy CEO’s are driving overseas. Those that fought, and many died, on the side of the Allies on the battlefields of WW2 to strike back Japan and Germany could not have done it without the industrial might of the USA. Autos spawned ample industries, like steel and glass, to supply them and which created even more diverse industries like road builders, bridge builder, etc. GM and Ford also put many other countries around the world on wheels and prosperity.

Panasonic’s, I mean Tesla’s, battery factory is pumping out batteries using imported cells as production for cells is slated for next year. Tesla and Panasonic are also going to make cells in Fresh York state in a free factory courtesy of the taxpayers that originally was for Solar City to make their own solar panels instead of buying them. Didn’t make any sense to manufacture panels as the Chinese have driven most panel makers out of business by selling below cost and for Solar City they eyed it was going to be a loser. So now Musk the fine has announced his grand plans of five or six more battery factories but failed to mention the Chinese are in the process of building lots of battery factories themselves and will do to Musk’s batteries what they did to the solar panel manufacturers.

Screw the bondholders. They placed their bets and lost just like everyone else. When a company looks in trouble big garments buy cheap, as the other bondholders head for the exits, enormous numbers of the companies bonds and hold up any bankruptcy, restructuring, or whatever until their bonds get preference and higher payouts at the expense of other bondholders. This time the vultures lost.

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong, Zero Hedge

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong?

And the hits just keep on coming for Elon Musk.

After a tax incentive for electrified cars was slashed in Hong Kong, fresh registrations of Teslas vehicles dropped from Two,939 to zero.

Hong Kong, however relatively puny, is a significant outpost of luxury car buyers and trend setters. Its government had long waived its vehicle registration tax for freshly purchased electrified automobiles, adding to the appeal of Tesla`s cars.

Citing enhanced congestion of privately possessed vehicles on its streets, the government said in February that it would be switching the policy so the tax would be waived only on the very first 97,500 Hong Kong dollars (about US$12,500) of an electrical car`s purchase price for individuals.

After the switch came into effect on April 1, the cost of a basic Tesla Model S in Hong Kong effectively rose to around US$130,000 from less than US$75,000.

And the reaction – request tumbled.

The Wall Street Journal reports that Tesla sales in Hong Kong plummeted after authorities slashed a tax break for electrical vehicles on April 1, demonstrating how sensitive the company`s spectacle can be to government incentive programs. Official data from Hong Kong`s Transportation Department, analyzed by The Wall Street Journal, demonstrate that no freshly purchased Tesla Model S sedans or Model X sport-utility vehicles were registered in April in the Chinese territory, and only five privately possessed electrified vehicles were registered in May .

The collapse followed a surge just before the tax switch, which had been announced in February, with fresh registrations of almost Trio,700 Tesla vehicles in the very first quarter – including Two,939 in March alone – compared with 1,506 vehicles in the entire 2nd half of 2016.

The end of the tax exemption «has indeed put the brakes on electric-vehicle adoption in Hong Kong,» said Mark Webb-Johnson, a founder of Charged Hong Kong, a group that promotes electrical vehicles.

In a statement, Tesla said.

«Tesla welcomes government policies that support our mission and make it lighter for more people to buy electrified vehicles, however, our business does not rely on it.“

The company said its sales revenue in China, where it faces large tariffs, has risen without government incentives.

«At the end of the day, when people love something, they buy it,» it said.

Except it emerges they’re not!

We have one last question – does anyone feel like this latest string of terrible headlines (and reality checks) for Musk and Tesla smells a lot like the latest collapse in Uber? Is the smoke kicking off to clear? Are the mirrors embarking to break?

• Printer-friendly version
• Jul 9, two thousand seventeen Ten:40 PM
• 99

One or more of the Tylers truly doesn’t like Tesla or it’s CEO

long crimson wine & ambian

The sad part is Tesla shares will go up again

Tyler’s brief Tesla. It won’t be hugs, but hookers and deep-throat at the ZH Cave soon.

It is a fake company. Without government subsidies they collpase. It is not a viable business if the the entire premise/business model requires billions in credits and subsidies.

And even after all those government subsidies and handouts, they still need to raise a billion dollars a quarter in fresh capital.

Not a supporter of TELSA, but how are they different than the US auto companies in 2008? Bailouts and cheap financiing. how did the GM bondholders make out?

That was 2008. Since then the US auto companies have made fat profits and paid lots of taxes while Tesla has collected hundreds of millions in handouts. The despicable thing is rich Tesla buyers all over the planet get thick tax cracks for buying these poor quality junkers. In many US states as well as Hong Kong and Denmark when government handouts to the rich buyers get slashed or eliminated sales of electrics, including Tesla, are almost non existent. What’s even worse the rich Tesla buyers pay ZERO road use taxes, a thing the rest of us do every time we gas up.

Wall Street has been propping up this stock for years as if I need to remind anyone. Maybe the FED too, who knows. Even with all the handouts Tesla would be gone today except for being able to raise ample capital floating more stock. Considering book value is around ten bucks, maybe less now, if the stock was fairly priced Tesla would have disappeared years ago. A few months back they floated a bunch of stock, which diluted everyone’s holdings, and the stock went up.

Whether it be direct payments by the government to Tesla or to their buyers Tesla is just one big drown slot of taxpayer dollars destined to never pay any taxes. You true believers of the Church of Musk chortle over the “bailout” of the other automakers and how that justifies more handouts for Musk. If Wall Street, that keeps Tesla stock sky high, had not come close to demolishing the world economy and thus seizing up the capital markets there would not have been a “bailout” and GM and Chrysler would have been able to do their “rescue” in the private sector. Chrysler paid back their loans and the government would have made money on the GM deal if they would have held the stock longer. Tesla has done absolutely nothing but suck at the government teat but GM, Ford, and Chrysler and other auto companies now gone built the powerhouse of industrial America that the pols and greedy CEO’s are driving overseas. Those that fought, and many died, on the side of the Allies on the battlefields of WW2 to strike back Japan and Germany could not have done it without the industrial might of the USA. Autos spawned gigantic industries, like steel and glass, to supply them and which created even more diverse industries like road builders, bridge builder, etc. GM and Ford also put many other countries around the world on wheels and prosperity.

Panasonic’s, I mean Tesla’s, battery factory is pumping out batteries using imported cells as production for cells is slated for next year. Tesla and Panasonic are also going to make cells in Fresh York state in a free factory courtesy of the taxpayers that originally was for Solar City to make their own solar panels instead of buying them. Didn’t make any sense to manufacture panels as the Chinese have driven most panel makers out of business by selling below cost and for Solar City they eyed it was going to be a loser. So now Musk the superb has announced his grand plans of five or six more battery factories but failed to mention the Chinese are in the process of building lots of battery factories themselves and will do to Musk’s batteries what they did to the solar panel manufacturers.

Screw the bondholders. They placed their bets and lost just like everyone else. When a company looks in trouble big garments buy cheap, as the other bondholders head for the exits, giant numbers of the companies bonds and hold up any bankruptcy, restructuring, or whatever until their bonds get preference and higher payouts at the expense of other bondholders. This time the vultures lost.

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong, Zero Hedge

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong?

And the hits just keep on coming for Elon Musk.

After a tax incentive for electrical cars was slashed in Hong Kong, fresh registrations of Teslas vehicles dropped from Two,939 to zero.

Hong Kong, however relatively puny, is a significant outpost of luxury car buyers and trend setters. Its government had long waived its vehicle registration tax for freshly purchased electrified automobiles, adding to the appeal of Tesla`s cars.

Citing enhanced congestion of privately wielded vehicles on its streets, the government said in February that it would be switching the policy so the tax would be waived only on the very first 97,500 Hong Kong dollars (about US$12,500) of an electrified car`s purchase price for individuals.

After the switch came into effect on April 1, the cost of a basic Tesla Model S in Hong Kong effectively rose to around US$130,000 from less than US$75,000.

And the reaction – request tumbled.

The Wall Street Journal reports that Tesla sales in Hong Kong plummeted after authorities slashed a tax break for electrified vehicles on April 1, demonstrating how sensitive the company`s spectacle can be to government incentive programs. Official data from Hong Kong`s Transportation Department, analyzed by The Wall Street Journal, demonstrate that no freshly purchased Tesla Model S sedans or Model X sport-utility vehicles were registered in April in the Chinese territory, and only five privately possessed electrified vehicles were registered in May .

The collapse followed a surge just before the tax switch, which had been announced in February, with fresh registrations of almost Trio,700 Tesla vehicles in the very first quarter – including Two,939 in March alone – compared with 1,506 vehicles in the entire 2nd half of 2016.

The end of the tax exemption «has truly put the brakes on electric-vehicle adoption in Hong Kong,» said Mark Webb-Johnson, a founder of Charged Hong Kong, a group that promotes electrified vehicles.

In a statement, Tesla said.

«Tesla welcomes government policies that support our mission and make it lighter for more people to buy electrified vehicles, however, our business does not rely on it.“

The company said its sales revenue in China, where it faces large tariffs, has risen without government incentives.

«At the end of the day, when people love something, they buy it,» it said.

Except it emerges they’re not!

We have one last question – does anyone feel like this latest string of terrible headlines (and reality checks) for Musk and Tesla smells a lot like the latest collapse in Uber? Is the smoke kicking off to clear? Are the mirrors kicking off to break?

• Printer-friendly version
• Jul 9, two thousand seventeen Ten:40 PM
• 99

One or more of the Tylers indeed doesn’t like Tesla or it’s CEO

long crimson wine & ambian

The sad part is Tesla shares will go up again

Tyler’s brief Tesla. It won’t be hugs, but hookers and suck at the ZH Cave soon.

It is a fake company. Without government subsidies they collpase. It is not a viable business if the the entire premise/business model requires billions in credits and subsidies.

And even after all those government subsidies and handouts, they still need to raise a billion dollars a quarter in fresh capital.

Not a supporter of TELSA, but how are they different than the US auto companies in 2008? Bailouts and cheap financiing. how did the GM bondholders make out?

That was 2008. Since then the US auto companies have made giant profits and paid lots of taxes while Tesla has collected hundreds of millions in handouts. The despicable thing is rich Tesla buyers all over the planet get massive tax cracks for buying these poor quality junkers. In many US states as well as Hong Kong and Denmark when government handouts to the rich buyers get slashed or eliminated sales of electrics, including Tesla, are almost non existent. What’s even worse the rich Tesla buyers pay ZERO road use taxes, a thing the rest of us do every time we gas up.

Wall Street has been propping up this stock for years as if I need to remind anyone. Maybe the FED too, who knows. Even with all the handouts Tesla would be gone today except for being able to raise ample capital floating more stock. Considering book value is around ten bucks, maybe less now, if the stock was fairly priced Tesla would have disappeared years ago. A few months back they floated a bunch of stock, which diluted everyone’s holdings, and the stock went up.

Whether it be direct payments by the government to Tesla or to their buyers Tesla is just one big submerge fuckhole of taxpayer dollars destined to never pay any taxes. You true believers of the Church of Musk chortle over the “bailout” of the other automakers and how that justifies more handouts for Musk. If Wall Street, that keeps Tesla stock sky high, had not come close to ruining the world economy and thus seizing up the capital markets there would not have been a “bailout” and GM and Chrysler would have been able to do their “rescue” in the private sector. Chrysler paid back their loans and the government would have made money on the GM deal if they would have held the stock longer. Tesla has done absolutely nothing but suck at the government teat but GM, Ford, and Chrysler and other auto companies now gone built the powerhouse of industrial America that the pols and greedy CEO’s are driving overseas. Those that fought, and many died, on the side of the Allies on the battlefields of WW2 to hit back Japan and Germany could not have done it without the industrial might of the USA. Autos spawned ample industries, like steel and glass, to supply them and which created even more diverse industries like road builders, bridge builder, etc. GM and Ford also put many other countries around the world on wheels and prosperity.

Panasonic’s, I mean Tesla’s, battery factory is pumping out batteries using imported cells as production for cells is slated for next year. Tesla and Panasonic are also going to make cells in Fresh York state in a free factory courtesy of the taxpayers that originally was for Solar City to make their own solar panels instead of buying them. Didn’t make any sense to manufacture panels as the Chinese have driven most panel makers out of business by selling below cost and for Solar City they spotted it was going to be a loser. So now Musk the fine has announced his grand plans of five or six more battery factories but failed to mention the Chinese are in the process of building lots of battery factories themselves and will do to Musk’s batteries what they did to the solar panel manufacturers.

Screw the bondholders. They placed their bets and lost just like everyone else. When a company looks in trouble big garments buy cheap, as the other bondholders head for the exits, gigantic numbers of the companies bonds and hold up any bankruptcy, restructuring, or whatever until their bonds get preference and higher payouts at the expense of other bondholders. This time the vultures lost.

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong, Zero Hedge

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong?

And the hits just keep on coming for Elon Musk.

After a tax incentive for electrified cars was slashed in Hong Kong, fresh registrations of Teslas vehicles dropped from Two,939 to zero.

Hong Kong, tho’ relatively puny, is a significant outpost of luxury car buyers and trend setters. Its government had long waived its vehicle registration tax for freshly purchased electrical automobiles, adding to the attraction of Tesla`s cars.

Citing enlargened congestion of privately possessed vehicles on its streets, the government said in February that it would be switching the policy so the tax would be waived only on the very first 97,500 Hong Kong dollars (about US$12,500) of an electrified car`s purchase price for individuals.

After the switch came into effect on April 1, the cost of a basic Tesla Model S in Hong Kong effectively rose to around US$130,000 from less than US$75,000.

And the reaction – request tumbled.

The Wall Street Journal reports that Tesla sales in Hong Kong plummeted after authorities slashed a tax break for electrified vehicles on April 1, demonstrating how sensitive the company`s spectacle can be to government incentive programs. Official data from Hong Kong`s Transportation Department, analyzed by The Wall Street Journal, display that no freshly purchased Tesla Model S sedans or Model X sport-utility vehicles were registered in April in the Chinese territory, and only five privately wielded electrified vehicles were registered in May .

The collapse followed a surge just before the tax switch, which had been announced in February, with fresh registrations of almost Trio,700 Tesla vehicles in the very first quarter – including Two,939 in March alone – compared with 1,506 vehicles in the entire 2nd half of 2016.

The end of the tax exemption «has truly put the brakes on electric-vehicle adoption in Hong Kong,» said Mark Webb-Johnson, a founder of Charged Hong Kong, a group that promotes electrical vehicles.

In a statement, Tesla said.

«Tesla welcomes government policies that support our mission and make it lighter for more people to buy electrified vehicles, however, our business does not rely on it.“

The company said its sales revenue in China, where it faces large tariffs, has risen without government incentives.

«At the end of the day, when people love something, they buy it,» it said.

Except it emerges they’re not!

We have one last question – does anyone feel like this latest string of terrible headlines (and reality checks) for Musk and Tesla smells a lot like the latest collapse in Uber? Is the smoke kicking off to clear? Are the mirrors beginning to break?

• Printer-friendly version
• Jul 9, two thousand seventeen Ten:40 PM
• 99

One or more of the Tylers indeed doesn’t like Tesla or it’s CEO

long crimson wine & ambian

The sad part is Tesla shares will go up again

Tyler’s brief Tesla. It won’t be hugs, but hookers and suck at the ZH Cave soon.

It is a fake company. Without government subsidies they collpase. It is not a viable business if the the entire premise/business model requires billions in credits and subsidies.

And even after all those government subsidies and handouts, they still need to raise a billion dollars a quarter in fresh capital.

Not a supporter of TELSA, but how are they different than the US auto companies in 2008? Bailouts and cheap financiing. how did the GM bondholders make out?

That was 2008. Since then the US auto companies have made fat profits and paid lots of taxes while Tesla has collected hundreds of millions in handouts. The despicable thing is rich Tesla buyers all over the planet get meaty tax cracks for buying these poor quality junkers. In many US states as well as Hong Kong and Denmark when government handouts to the rich buyers get slashed or eliminated sales of electrics, including Tesla, are almost non existent. What’s even worse the rich Tesla buyers pay ZERO road use taxes, a thing the rest of us do every time we gas up.

Wall Street has been propping up this stock for years as if I need to remind anyone. Maybe the FED too, who knows. Even with all the handouts Tesla would be gone today except for being able to raise big capital floating more stock. Considering book value is around ten bucks, maybe less now, if the stock was fairly priced Tesla would have disappeared years ago. A few months back they floated a bunch of stock, which diluted everyone’s holdings, and the stock went up.

Whether it be direct payments by the government to Tesla or to their buyers Tesla is just one big bury slot of taxpayer dollars destined to never pay any taxes. You true believers of the Church of Musk chortle over the “bailout” of the other automakers and how that justifies more handouts for Musk. If Wall Street, that keeps Tesla stock sky high, had not come close to demolishing the world economy and thus seizing up the capital markets there would not have been a “bailout” and GM and Chrysler would have been able to do their “rescue” in the private sector. Chrysler paid back their loans and the government would have made money on the GM deal if they would have held the stock longer. Tesla has done absolutely nothing but suck at the government teat but GM, Ford, and Chrysler and other auto companies now gone built the powerhouse of industrial America that the pols and greedy CEO’s are driving overseas. Those that fought, and many died, on the side of the Allies on the battlefields of WW2 to hammer back Japan and Germany could not have done it without the industrial might of the USA. Autos spawned thick industries, like steel and glass, to supply them and which created even more diverse industries like road builders, bridge builder, etc. GM and Ford also put many other countries around the world on wheels and prosperity.

Panasonic’s, I mean Tesla’s, battery factory is pumping out batteries using imported cells as production for cells is slated for next year. Tesla and Panasonic are also going to make cells in Fresh York state in a free factory courtesy of the taxpayers that originally was for Solar City to make their own solar panels instead of buying them. Didn’t make any sense to manufacture panels as the Chinese have driven most panel makers out of business by selling below cost and for Solar City they eyed it was going to be a loser. So now Musk the excellent has announced his grand plans of five or six more battery factories but failed to mention the Chinese are in the process of building lots of battery factories themselves and will do to Musk’s batteries what they did to the solar panel manufacturers.

Screw the bondholders. They placed their bets and lost just like everyone else. When a company looks in trouble big garments buy cheap, as the other bondholders head for the exits, fat numbers of the companies bonds and hold up any bankruptcy, restructuring, or whatever until their bonds get preference and higher payouts at the expense of other bondholders. This time the vultures lost.

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong, Zero Hedge

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong?

And the hits just keep on coming for Elon Musk.

After a tax incentive for electrified cars was slashed in Hong Kong, fresh registrations of Teslas vehicles dropped from Two,939 to zero.

Hong Kong, however relatively puny, is a significant outpost of luxury car buyers and trend setters. Its government had long waived its vehicle registration tax for freshly purchased electrified automobiles, adding to the attraction of Tesla`s cars.

Citing enhanced congestion of privately wielded vehicles on its streets, the government said in February that it would be switching the policy so the tax would be waived only on the very first 97,500 Hong Kong dollars (about US$12,500) of an electrical car`s purchase price for individuals.

After the switch came into effect on April 1, the cost of a basic Tesla Model S in Hong Kong effectively rose to around US$130,000 from less than US$75,000.

And the reaction – request tumbled.

The Wall Street Journal reports that Tesla sales in Hong Kong plummeted after authorities slashed a tax break for electrical vehicles on April 1, demonstrating how sensitive the company`s spectacle can be to government incentive programs. Official data from Hong Kong`s Transportation Department, analyzed by The Wall Street Journal, showcase that no freshly purchased Tesla Model S sedans or Model X sport-utility vehicles were registered in April in the Chinese territory, and only five privately possessed electrified vehicles were registered in May .

The collapse followed a surge just before the tax switch, which had been announced in February, with fresh registrations of almost Trio,700 Tesla vehicles in the very first quarter – including Two,939 in March alone – compared with 1,506 vehicles in the entire 2nd half of 2016.

The end of the tax exemption «has truly put the brakes on electric-vehicle adoption in Hong Kong,» said Mark Webb-Johnson, a founder of Charged Hong Kong, a group that promotes electrical vehicles.

In a statement, Tesla said.

«Tesla welcomes government policies that support our mission and make it lighter for more people to buy electrical vehicles, however, our business does not rely on it.“

The company said its sales revenue in China, where it faces large tariffs, has risen without government incentives.

«At the end of the day, when people love something, they buy it,» it said.

Except it shows up they’re not!

We have one last question – does anyone feel like this latest string of terrible headlines (and reality checks) for Musk and Tesla smells a lot like the latest collapse in Uber? Is the smoke beginning to clear? Are the mirrors beginning to break?

• Printer-friendly version
• Jul 9, two thousand seventeen Ten:40 PM
• 99

One or more of the Tylers indeed doesn’t like Tesla or it’s CEO

long crimson wine & ambian

The sad part is Tesla shares will go up again

Tyler’s brief Tesla. It won’t be hugs, but hookers and deepthroat at the ZH Cave soon.

It is a fake company. Without government subsidies they collpase. It is not a viable business if the the entire premise/business model requires billions in credits and subsidies.

And even after all those government subsidies and handouts, they still need to raise a billion dollars a quarter in fresh capital.

Not a supporter of TELSA, but how are they different than the US auto companies in 2008? Bailouts and cheap financiing. how did the GM bondholders make out?

That was 2008. Since then the US auto companies have made large profits and paid lots of taxes while Tesla has collected hundreds of millions in handouts. The despicable thing is rich Tesla buyers all over the planet get enormous tax violates for buying these poor quality junkers. In many US states as well as Hong Kong and Denmark when government handouts to the rich buyers get slashed or eliminated sales of electrics, including Tesla, are almost non existent. What’s even worse the rich Tesla buyers pay ZERO road use taxes, a thing the rest of us do every time we gas up.

Wall Street has been propping up this stock for years as if I need to remind anyone. Maybe the FED too, who knows. Even with all the handouts Tesla would be gone today except for being able to raise phat capital floating more stock. Considering book value is around ten bucks, maybe less now, if the stock was fairly priced Tesla would have disappeared years ago. A few months back they floated a bunch of stock, which diluted everyone’s holdings, and the stock went up.

Whether it be direct payments by the government to Tesla or to their buyers Tesla is just one big drown crevice of taxpayer dollars destined to never pay any taxes. You true believers of the Church of Musk chortle over the “bailout” of the other automakers and how that justifies more handouts for Musk. If Wall Street, that keeps Tesla stock sky high, had not come close to ruining the world economy and thus seizing up the capital markets there would not have been a “bailout” and GM and Chrysler would have been able to do their “rescue” in the private sector. Chrysler paid back their loans and the government would have made money on the GM deal if they would have held the stock longer. Tesla has done absolutely nothing but suck at the government teat but GM, Ford, and Chrysler and other auto companies now gone built the powerhouse of industrial America that the pols and greedy CEO’s are driving overseas. Those that fought, and many died, on the side of the Allies on the battlefields of WW2 to hammer back Japan and Germany could not have done it without the industrial might of the USA. Autos spawned large industries, like steel and glass, to supply them and which created even more diverse industries like road builders, bridge builder, etc. GM and Ford also put many other countries around the world on wheels and prosperity.

Panasonic’s, I mean Tesla’s, battery factory is pumping out batteries using imported cells as production for cells is slated for next year. Tesla and Panasonic are also going to make cells in Fresh York state in a free factory courtesy of the taxpayers that originally was for Solar City to make their own solar panels instead of buying them. Didn’t make any sense to manufacture panels as the Chinese have driven most panel makers out of business by selling below cost and for Solar City they eyed it was going to be a loser. So now Musk the fine has announced his grand plans of five or six more battery factories but failed to mention the Chinese are in the process of building lots of battery factories themselves and will do to Musk’s batteries what they did to the solar panel manufacturers.

Screw the bondholders. They placed their bets and lost just like everyone else. When a company looks in trouble big garments buy cheap, as the other bondholders head for the exits, ample numbers of the companies bonds and hold up any bankruptcy, restructuring, or whatever until their bonds get preference and higher payouts at the expense of other bondholders. This time the vultures lost.

Related movie:

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