Quote Originally Posted by opas ride View Post
I personally think Tesla executives are smoking to much funny stuff....Some of the top brass in the auto industry are suggesting that they will be out of business by 2019 as they are burning through way to much cash, battery technology is the same for the entire auto industry and the competition will get worse for them...They have no dealer network and a lot of negatives at this point..Just because their stock is high priced does not guarantee success...There cars are nice, but the average person cannot afford one in most cases. I guess we wait and see what the future brings, but for now, me and mine will stick with a good old internal combustion engine...My Fusion Sport is fast enough to get me trouble!!....Ride safe
They are far from being out of business.Just east of Reno NV they have built a 4.5 million sq ft facility that is 30% ramped up building batteries for there cars and new tech battery/solar units to tie in and aid residential power consumption.Forbes has said because of there new technology battery manufacturing prices for there batteries will drop and will be very competitive in a global market.In fact they just purchased another 1000 acres in the Tahoe industrial center to build another large factory-Speculation is that some of there new cars or who knows semis will be built there.I would not bet against Musk as he has spent a load of money but can see long range in terms of profit and technology.Plus he has brought thousands of good paying middle class jobs to our area.Were seeing true trickle down economics because of this with new jobs there is a need for new housing ect.Real boom here in Northern Nevada and the Tesla projects started it all.Google,Amazon,Walmart distribution and the worlds largest Cloud called Switch which backs data information world wide are all in the same Industrial center now.Projected jobs to reach 40-50 thousand over the next ten years.