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Last post on May 14, 2013 at 1:36 PM
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#866 of 1161 Re: orders had nothing to do with it [ateixeira]
by gagrice
Feb 26, 2013 (1:42 pm)
The point is saying the stock price went down $100 million is meaningless. The bottom line is how many cars they sell and the EPS of the stock. The stock price can go up and down on a whim. Not really relevant to sales. Sounds to me like they are trying to churn up some cash. They have teetered on the brink of BK for a decade. We have given them way more than a $100 million tax payer dollars and they are still not building them with American labor.
#868 of 1161 Re: orders had nothing to do with it [gagrice]
by ateixeira
Feb 27, 2013 (9:02 am)
True but it does affect the interest rates he'll get from private borrowers after he pays off the government loans early (at least he says that's his plan).
#870 of 1161 Re: orders had nothing to do with it [gagrice]
by ateixeira
Feb 27, 2013 (10:45 am)
Look at your source...no wonder.
#871 of 1161 Re: orders had nothing to do with it [ateixeira]
by fintail
Feb 27, 2013 (10:56 am)
It's a satire site, kind of odd.
Although I do think Musk, being a zillionaire, should have been made to use more of his own fortune for his pet project. But that's how we roll here - socialize losses, privatize winnings.
#873 of 1161 Re: orders had nothing to do with it [gagrice]
by ateixeira
Feb 27, 2013 (11:17 am)
Would you rather read it in Forbes?
YES.
Of course!
And NO to NYT as a source. How lame that all they could say is their writer failed to use "good judgement" when he wrote a piece of fiction.
Elon makes very little from Tesla, in fact he's the lowest paid automotive CEO I can think of.
He makes the big bucks from the SpaceX gig.
Notable is that Forbes does not imply that the government's money paid for the house. You can't buy a 27M mansion making less than half a million a year.
Only a source that should not be taken seriously would make that claim...
NYT and the other source should be tossed. Better yet you really shouldn't be reading that garbage to begin with.
So yes, I'd rather read the real story in Forbes.
#874 of 1161 Re: orders had nothing to do with it [ateixeira]
by gagrice
Feb 27, 2013 (12:19 pm)
Notable is that Forbes does not imply that the government's money paid for the house. You can't buy a 27M mansion making less than half a million a year.
So why does someone worth $2.4 billion need our $465 million in tax dollars to finance his EV scam. It does seem suspicious that he closed on the house soon after getting the tax payers money. Of course the discounted price was on the stipulation that the owner get his money in 2012 to take advantage of the lower CG taxes last year.
http://blogs.wsj.com/developments/2012/12/21/elon-musk-goes-from-renter-to-owner- -in-bel-air/