We Don’t Need No Flaming Sparky Cars

Subsidy Fraud Boy Watch: Tesla Bonds Crash After Moodys Downgrade Due To “Liquidity Pressures”

Tesla’s ratings reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle. The company also faces liquidity pressures due to its large negative free cash flow and the pending maturities of convertible bonds ($230 million in November 2018 and $920 million in March 2019). Tesla produced only 2,425 Model 3s during the fourth quarter of 2017; it is currently targeting a weekly production rate of 2,500 by the end of March, and 5,000 per week by the end of June. This compares with the company’s year-earlier production expectations of 5,000 per week by the end of 2017 and 10,000 by the end of 2018.
The Caa1 rating of the unsecured notes reflects the junior position of the notes relative to the company’s $1.9 billion secured credit facility.

More – Tesla just months from total collapse, says hedge fund manager

26 Replies to “We Don’t Need No Flaming Sparky Cars”

Good, and the sooner the better.

The highly anticipated moment when the SHTF is coming soon. Tesla’s ledger’s have been bleeding red ink for so long, it can no longer be ignored.
Maybe the fanboy institutionals will continue to plow millions of OPM into Tesla, but then, who but the most rabid electric car fan hasn’t blindly, plowed money into Tesla already? Few will be fooled by the song and dance, of the mess that his factories are, despite the endless promises, he still can’t come close to the production numbers, that clearly was a mirage, the Wild rankings of a flimflam man.
Caution, train wreck approaching! Watch Musk sell it off to a major auto manufacturer, so he can save SpaceX

Had a market capitalization greater than Ford and has produced less cars in its history than Ford produces in a month. It has only survived because unsophisticated investors with fairy dust in their eyes keep paying real money for otherwise worthless stocks and bonds. Sounds like the parade is soon to be over.

Couldn’t happen to a nicer Ponzi scheme.

Math is hard. Producing 200 cars per week in Q4 2017 compared to company estimate of 5000 per week, was running at 4% of estimate. Looking to ramp this up suddenly to 2500 per week by basically now, which is 1250% of Q4 2017.

‘crash’. oh, heh-heh, THAT kind of ‘crash’ as opposed to the ummm, ‘other’ kind involving motor vehicles, insurance claims, etc.

Musk is probably too busy wanting to build his BFR (euphemistically known as the “Big Falcon Rocket”) to even care about Tesla.

What is the “carbon footprint” per person for a BFR flight? I suppose space joyrides are much more realistic as a near term goal than Mars colonization or whatever. That won’t even have the rationale of having to get from point A to point B, but is out and out just for the heck of it.
What is it about these celebrity AGW hoaxers and flight? Grand prize winners for fund raising contests held by Harrison Ford and Ahnold are flights in the private airplane and large helicopter, respectively. Right, they are “carbon neutral” because they sponsor some poor natives somewhere to plant trees, or something. The hypocrisy is so thick you can’t cut through it with a steak knife.

Elephant in the room.
The fact that one of Tesla’s big backers is the Wynne gov.
They have enabled a great many start ups to feed the narrative of job growth.
Also wonder how many large retirement funds cough*ontarioteacherfederation*cough used their members funds to invest in this?

Musk comes from weird genetics. He says he hates his father, a 70 something man who just became a new dad – with his 20 something step daughter.

“The hypocrisy is so thick you can’t cut through it with a steak knife.”
An excellent suggestion for the ultimate sharpness test for ‘Forged in Fire’.
‘Sure, you handled the fish and sandbags well, but is it sharp enough to cut through liberal hypocrisy?’
As per Musk, his own ego is every bit as much a fatal problem to Tesla’s success as his failed mass production lines.

What will all the fools who bought these crazy cars do with the carcass? Will they be able to adapt them to use petro at a reasonable cost?
Will those in Ontario who got a rebate for buying one have to give it back to the people of Ontario?

Here’s an article about that:
https://www.thesun.co.uk/news/5897978/elon-musk-dad-errol-father-child-step-daugher-response/

Speaking of Tesla products that never quite make it off the assembly line … Solar City …Tesla Solar shingles
Yeah, yeah, Musk is a a forward-looking “genius” who is going to SMASH “Big Oil’s” grip on the world. When was the last time you even heard the aforementioned products? Let alone the Model-3 current production statistics?
Just like Democrat politicians never say … “Arab Spring” anymore. Ever.

have to wonder what Albore’s losses will be:-))
Lizj, no, it is not feesable to convert them, tho some enterprising individual may get the “battery supple” rights to them, or guys like me will have “scrap” hayday

Exactly, can’t wait for all the dip$hits who bought those taxpayer subsidized I-pods on wheels to suddenly realize that no mechanic in the world will touch their 150K virtue signals.

Oh! You didn’t read … that all Tesla motor cars can be fixed remotely, from Elon’s laptop. We are living in the FUTURE … NOW! Ugggh .., stupid ignorant snowflakey generation.

Besides, who needs a toolbox full of wrenches and screwdrivers nowadays? After all, isn’t there a smartphone app that’ll do the job of a socket and ratchet?

Yeah and to think that I can still do routine maintenance on my car and fix plenty of things without a laptop. On top of it, I can operate a car not equipped with a fingerpainting screen. I must be doing things wrong.

Colon, it’s yer name!!!!!!

Socket and ratchet, LOL good one, as if Tesla drivers knew how to use these. I am serious, IKEA has recently introduced new lines of their LEGO furniture. The
biggest difference from the old lines is that they do not require the previously included ubiquitous allen key that the current generation of customers finds increasingly challenging to operate.

check this link out, its way worse
https://www.sovereignman.com/trends/tesla-without-any-doubt-is-on-the-verge-of-bankruptcy-23219/?utm_medium=email&utm_source=sm_notes&utm_campaign=notes&utm_content=2018326_tesla_broke

IKEA’s stuff is junk. In my apartment complex, I often find abandoned IKEA lamps which don’t work properly, if at all. The designs are cheap and, worse, lousy.
I’ve taken several of them back to my apartment. I take them apart, remove the bits that are broken or useless, and clean them. I then add some fittings and I’ve got myself another antenna stand that I can use for my ham station.
One man’s rubbish is another man’s treasure, right?