Silver as an investment

Category Archives: Electric Car

Tesla’s Having The Worst Day Ever As GOP Tax Plan Calls For Axing Electric Car Credit

zerohedge.com / by Tyler Durden / Nov 2, 2017 3:30 PM Tesla may be officially having the worst day ever.  One day after announcing its worst quarter in history, in which it burned a record $1.4 billion in cash (which is about $15.5 million every single day, btw)… …a couple of GOP Representatives had to come along and propose a […]

Tesla’s Having The Worst Day Ever As GOP Tax Plan Calls For Axing Electric Car Credit

Tesla may be officially having the worst day ever.  One day after announcing its worst quarter in history, in which it burned a record $1.4 billion in cash (which is about $15.5 million every single day, btw)… …a couple of GOP Representatives had to come along and propose a tax bill that would eliminate a […]

Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to […]

California Mulls Combustion-Engine Car Ban: “You Could Stop All Sales By 2030”

California, the state which single-handedly turned Elon Musk into the billionaire that he is today by forcing taxpayers to subsidize his unprofitable electric vehicle scam via “Zero Emission Vehicle” credits, is now considering a full ban of combustion-engine cars by as early as 2030. The potential ban was discussed by Mary Nichols of the California […]

Will the Electric Car Revolution Sink Platinum and Palladium?

sunshineprofits.com / ARKADIUSZ SIEROŃ / AUGUST 18, 2017 Everyone has probably heard about the upcoming electric car revolution whose vanguard is Tesla Motors led by Elon Musk. The electric car is actually nothing new – the first vehicles were produced as long ago as in the 1880s. However, the mass production of cheaper gasoline vehicles triggered by […]

Tesla Ignores Q2 Record Cash Burn And Slashes Its Model X And Model S Prices

So what do you do when you’ve just burned through a record $1.2 billion of cash in one quarter, expect to burn an additional $2 billion in capex in the second half of the year and haven’t a prayer of generating positive earnings at any point in the near future?  Well, you slash your product […]

Electric Car Fever

ericpetersautos.com / By Eric Peters / August 1, 2017 Maybe you remember Disco Fever. Mid-70s, United States. For no apparent reason, suddenly everyone seemed to be singing in a high-pitched falsetto voice and wearing skin-tight lycra with open collared shirts displaying chest hair and gold medallions. It was fun for awhile but got old fast. […]

Tesla Burns A Record $13 Million Per Day In Q2… And It’s About To Get Worse

One month after Tesla stock tumbled when the electric car maker announced that it had missed Wall Street estimates for the second quarter, delivering only 22,000 vehicles instead of the 22,912 expected, moments ago Tesla reported adjusted, non-GAAP Q2 earnings which beat expectations, with an adjusted loss of $1.33, better than the -$1.88 expected, which […]

Guess How Many Tesla Vehicles Were Registered In April In Hong Kong?

And the hits just keep on coming for Elon Musk. After a tax incentive for electric cars was slashed in Hong Kong, new registrations of Teslas vehicles dropped from 2,939 to zero… Hong Kong, though relatively small, is a significant outpost of luxury car buyers and trend setters. Its government had long waived its vehicle […]

Elon Musk Unveils The First Production Model 3

On Saturday evening, Elon Musk teased the Tesla faithful tweeting that “Production unit 1 of Model 3 is now built and going through final checkout. Pics soon.” Four hours later Musk kept his promise when he tweeted the first picture of what he said was the first production model of the the Tesla Model 3. […]