Musk may be a genius but his genius lies in how he has convinced so many people to invest in that Ponzi scheme called Tesla
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What do you mean with ponzi scheme Tesla?
so you don't believe in the future of tesla?
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Unfortunately not, I believe that electric cars are the future but Tesla is not. They have been unable to ramp up production of the model 3. They don't own any any IP to speak of and have to buy there batteries from Phillips and LG.
They lie about the capacity of the vehicles and as more and more of the big car manufacturers start releasing there EVs. Tesla's days are numbered.
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Maybe. But what do you think about a company that exists 10 years and got more market cap. Then other comapys that on the market for near than 100 years? They need still to grow and expand. Can you count 5 other electro cars that are the same good then tesla?
Range (around 500-600km)
Power (fast from 0-100)
Drivingnet (driving everywhere with the SC in the same time)
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Market Cap is more a measure of sentiment than value.
I would recommend just googling "Tesla is a Ponzi scheme" and you will see plenty of articles detailing why. And I'm not talking crazy fringe website, it's the likes of Forbes.
People are just buying the stock on the word of musk and have done no research into the company. The corp bonds are trading below face value so the bond traders don't think they are getting their money Bach.
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I‘m a owner of a Tesla car and i was never in a better car then this one. The car is driving fast and have a long range. And it‘s electro. Tesla produce real things. A Ponzi scheme is for me a bubbel with nothing behind or products that no one needs. I don‘t care about the stocks, at the wallstreet is every one a thief, isn‘t it why we use crypto? To push projects with future? All the other companys out there are just talking, since year and the only company that gives results is tesla. Maybe i‘m wrong, but all i want is a change in the world
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Why use market cap in your argument if you don't care about the stocks??
The issue with Tesla is that it is taking payments/deposits for vehicles that it cannot deliver.
I have no issues with the product or concept. My issues are with the company and its management.
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I use the market cap as an argument because they got more than other good known companies. And if it is just a Ponzi how can this be possible. For me is moor market cap = more trust and more success.
It's just 1'000$ wich you can take back when ever you want, so every ones own choice. The car will be delivered but with a delay.
This is individual, every one has his own opinion on this :)
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Well Teslas goal is to accelerate the turn over to electric cars. They don't have to be perfect and become 100 years old. Just making enough trouble to the other car manufactures to switch over to electric cars.
I've payed 4000€ in 2011 for a Model S reservation, and got my Model S in 2013. Late but I got it. And I've payed another 1000€ to reserve a CPO Model X in 2017 and got it a few weeks later. Both cars had their little problems, but all of them had been solved under warranty and they're working fine till today.
Yes Tesla is slower than promised and nearly never had been reaching its goals in expected time range. But they reached it. And even Model 3 will be delivered. Of course later than promised, but I'm sure it will be.
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Only time will tell but those who have received there model 3 are already reporting issues:
https://twitter.com/Teslashitbox/status/955184547703828480?ref_src=twcamp%5Ecopy%7Ctwsrc%5Eandroid%7Ctwgr%5Ecopy%7Ctwcon%5E7090%7Ctwterm%5E2
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Yes, and to be honestly: I expected that. The first Roadster had problems, the Model S had problems and the Model X had problems. So why the Model 3 should be perfect since day one?
Its not good and its even worse for the customers. But its the price you pay, if you sell or buy a product which is still in development and not finally tested yet. And its the truth, the first car from the line is not as good as the 100th car and not as good as the 20,000th. Improvements were maid every week.
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