Is Tesla Inc. (formerly Tesla Motors) an elaborate ponzi scheme?

Elon likes China for a reason.

https://www.thetimes.co.uk/my-articles/congos-miners-dying-to-feed-worlds-hunger-for-electric-cars-jcrvj37vr

Exploited by Chinese firms, workers as young as nine risk their lives to feed the world’s growing hunger for cobalt. Solange Kanena sits on her broken orange sofa, heavily pregnant, resting. Looking around her three-room shack, she wonders how she will feed her eight children. Her husband died in a mining accident 10 days ago. She has never held an iPhone and has no idea what an electric car is. But when the deep, muddy tunnel collapsed on her husband, he was digging for a commodity that is critical to the batteries of both: cobalt. Last year about 70% of the world’s supply came from the Democratic Republic of Congo, one of the poorest, most violent and corrupt places on Earth. Much of its cobalt comes from around this town. “Without DR Congo there is no electric car industry and no green revolution,” said Anneke Van Woudenberg, head of Rights and Accountability in Development (Raid), a UK-based campaign group. It is estimated that 125m electric vehicles will be on the road by 2030, about 40 times more than at present. Britain is among a number of countries planning to phase out petrol and diesel in the next 20 years. However, while electric car owners might feel happy about cutting carbon emissions, the dark side of the green revolution is all too visible in Kolwezi’s modern-day gold rush.

Tesla’s head of growth and the executive behind the automaker’s owner referral program has left the company this week, according to sources talking to Electrek.

We reported on Praveen Arichandran back in 2016 when Tesla hired him from Facebook in order to build a growth team for the company.

To be fair, the turnover rate is fairly high in Silicon Valley and even more so in the sectors that Tesla operates in.

https://electrek.co/2019/03/28/tesla-losses-head-of-growth-referral-program/

LOL to the guy who keeps these posts a comin'. TSLA will be a $1tn company a decade from now (or less)...you're picking up pennies in front of a steam roller.

bye wrote:

LOL to the guy who keeps these posts a comin'. TSLA will be a $1tn company a decade from now (or less)...you're picking up pennies in front of a steam roller.

Ha, ha. Elon Musk will be in prison and everybody remembers Tesla in 10 years, as just another bizarre automotive story.

With this car, you should be ready to sell it in a year or less. For this case go and get traders insurance click here http://www.unicominsurance.com/. It was like this with the y and e for me.

Because of the lower than expected delivery volumes and several pricing adjustments, we expect Q1 net income to be negatively impacted.

Due to a massive increase in deliveries in Europe and China, which at times exceeded 5x that of prior peak delivery levels, and many challenges encountered for the first time, we had only delivered half of the entire quarter’s numbers by March 21, ten days before end of quarter. This caused a large number of vehicle deliveries to shift to the second quarter. At the end of the first quarter, approximately 10,600 vehicles were in transit to customers globally.

Tesla's Q1 deliveries fell short of already extremely pessimistic estimates, with total deliveries coming in at just 63,000 vehicles and Model 3 deliveries coming in at a paltry 50,900. Yet Elon Tesla is optimistic.

Despite pull forward of demand from Q1 2019 into Q4 2018 due to the step down in the federal tax credit, US orders for Model 3 vehicles significantly outpaced what we were able to deliver in Q1. We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019.

The original consensus, before being revised lower several times, was around 80,000 total vehicles for the quarter. Tesla's release came out at about 8:10pm EST or, said otherwise, about 10 minutes after extended hours trading ended. It was not coincidental as Elon Musk is all too aware of the power of rapid repricings in the illiquid afterhours market.

The forecast for Tesla's Q1 was widely expected to be ugly, with headlines like "Get ready for a big drop in Tesla sales" even permeating mainstream news media, like CNN Business. Nearly every estimate had called for a roughly 40% sequential drop in total deliveries from Q4. These numbers turned out to not be negative enough.

You Losers don't understand. The disruptive game-changer is not the "electric car".

It's the Software. That will be a $1 trillion dollar business in a decade.

And Tesla is the Leader.

https://www.teslarati.com/tesla-model-3-enhanced-summon-parking-test-video/

Quick Question?

How is Tesla poised in the rental market, thx.