Flying to outer space
Comments
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Fair. I think he's an absolute crook and he glides on a carpet of air blown by stans who don't get how he's really made his money.surrey_commuter said:
I could keep posting stuff but it will not change your mind. I would not buy Tesla shares but I do believe that reusing rockets makes them considerably cheaperrick_chasey said:
Is that run at a profit or even break even?surrey_commuter said:
you think that reusing the rocket rather than crashing it into the Atantic would only save you 10%pblakeney said:We can agree that there are savings but no point in exaggerating those savings. Might only be 10%
see my chart above, if you want to put a satellite into orbit then Ariane will charge you $9k per kilo whereas Falcon Heavy is $1.4k
Tesla have a habit of selling things at a loss.
To be clear, if I had the money I would put it with the fund managers who are short Telsa and I believe it to be the next wirecard, not the next coming.0 -
Crook seems a little harsh but (like Branson) there does seem to be a lot of smoke and mirrors and showmanship.rick_chasey said:
Fair. I think he's an absolute crook and he glides on a carpet of air blown by stans who don't get how he's really made his money.surrey_commuter said:
I could keep posting stuff but it will not change your mind. I would not buy Tesla shares but I do believe that reusing rockets makes them considerably cheaperrick_chasey said:
Is that run at a profit or even break even?surrey_commuter said:
you think that reusing the rocket rather than crashing it into the Atantic would only save you 10%pblakeney said:We can agree that there are savings but no point in exaggerating those savings. Might only be 10%
see my chart above, if you want to put a satellite into orbit then Ariane will charge you $9k per kilo whereas Falcon Heavy is $1.4k
Tesla have a habit of selling things at a loss.
But landing rockets on a small pad from tens of thousands of miles in the sky is very clever0 -
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Couldn't you say the same about capitalism in general? It's all based on confidence.rick_chasey said:https://en.wikipedia.org/wiki/Criticism_of_Tesla,_Inc.
It has its own wiki page.
Look at the financial crisis? It was created by a load of confidence tricksters typing on keyboards pushing virtual money/debt about. Didn't Michael Bury basically short the banks too!!??0 -
two things jump out at merick_chasey said:https://en.wikipedia.org/wiki/Criticism_of_Tesla,_Inc.
It has its own wiki page.
Why is it only China recalling his cars
He is very like Boris Johnson0 -
No to all three questionsfocuszing723 said:
Couldn't you say the same about capitalism in general? It's all based on confidence.rick_chasey said:https://en.wikipedia.org/wiki/Criticism_of_Tesla,_Inc.
It has its own wiki page.
Look at the financial crisis? It was created by a load of confidence tricksters typing on keyboards pushing virtual money/debt about. Didn't Michael Bury basically short the banks too!!??
and whilst Bury did anticipate the fall in the housing market it does not follow that he will be right in future predictions0 -
surrey_commuter said:
No to all three questionsfocuszing723 said:
Couldn't you say the same about capitalism in general? It's all based on confidence.rick_chasey said:https://en.wikipedia.org/wiki/Criticism_of_Tesla,_Inc.
It has its own wiki page.
Look at the financial crisis? It was created by a load of confidence tricksters typing on keyboards pushing virtual money/debt about. Didn't Michael Bury basically short the banks too!!??
Well that's p1$$ed on my chips!0 -
if you can be bothered, take a look at Tesla's account receivables vs revenue. They have *very* aggressive approach to recognising revenues and the disparity between the two is your classic accounting fraud red flag (as I understand it).surrey_commuter said:
Crook seems a little harsh but (like Branson) there does seem to be a lot of smoke and mirrors and showmanship.rick_chasey said:
Fair. I think he's an absolute crook and he glides on a carpet of air blown by stans who don't get how he's really made his money.surrey_commuter said:
I could keep posting stuff but it will not change your mind. I would not buy Tesla shares but I do believe that reusing rockets makes them considerably cheaperrick_chasey said:
Is that run at a profit or even break even?surrey_commuter said:
you think that reusing the rocket rather than crashing it into the Atantic would only save you 10%pblakeney said:We can agree that there are savings but no point in exaggerating those savings. Might only be 10%
see my chart above, if you want to put a satellite into orbit then Ariane will charge you $9k per kilo whereas Falcon Heavy is $1.4k
Tesla have a habit of selling things at a loss.
But landing rockets on a small pad from tens of thousands of miles in the sky is very clever
When you look at the breakdown of where they are making profits, bizarrely, it is often not the selling of cars that accounts for the profit, but weird FX calls or bitcoin investments or all sorts.
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They genuinely want to make good cars though and push EV's forward, It's not some scam to make money. Look at the charging network they are creating around the world, it's very good and regarded as much better than the competitor currently.rick_chasey said:
if you can be bothered, take a look at Tesla's account receivables vs revenue. They have *very* aggressive approach to recognising revenues and the disparity between the two is your classic accounting fraud red flag (as I understand it).surrey_commuter said:
Crook seems a little harsh but (like Branson) there does seem to be a lot of smoke and mirrors and showmanship.rick_chasey said:
Fair. I think he's an absolute crook and he glides on a carpet of air blown by stans who don't get how he's really made his money.surrey_commuter said:
I could keep posting stuff but it will not change your mind. I would not buy Tesla shares but I do believe that reusing rockets makes them considerably cheaperrick_chasey said:
Is that run at a profit or even break even?surrey_commuter said:
you think that reusing the rocket rather than crashing it into the Atantic would only save you 10%pblakeney said:We can agree that there are savings but no point in exaggerating those savings. Might only be 10%
see my chart above, if you want to put a satellite into orbit then Ariane will charge you $9k per kilo whereas Falcon Heavy is $1.4k
Tesla have a habit of selling things at a loss.
But landing rockets on a small pad from tens of thousands of miles in the sky is very clever
When you look at the breakdown of where they are making profits, bizarrely, it is often not the selling of cars that accounts for the profit, but weird FX calls or bitcoin investments or all sorts.
What do you think about Star Link by the way? The extremely quick latency and the impact on the City?
If you can't make trades as quickly aren't you dead?
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No. Some firms make money. Some firms lose money.focuszing723 said:
Couldn't you say the same about capitalism in general? It's all based on confidence.rick_chasey said:https://en.wikipedia.org/wiki/Criticism_of_Tesla,_Inc.
It has its own wiki page.
Look at the financial crisis? It was created by a load of confidence tricksters typing on keyboards pushing virtual money/debt about. Didn't Michael Bury basically short the banks too!!??
Some firms lose money but are clever at looking like they make money, so they keep getting investment money, and the lie gets bigger until it all falls over and everyone gets hurt and the fraudsters make off with a fortune they haven't earned.
That is why it is illegal.
Banks are a slightly different kettle of fish, and are a rather unique business model and hold a particular role in an economy.
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At least Musk is trying to create products and push things forward, rather many play with virtual money. His agenda is to make sure the companies survive amongst a load of speculators making nothing physical of value.0
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The investors have made him rich, the least he can do is run the business profitably and be honest about it.focuszing723 said:At least Musk is trying to create products and push things forward, rather many play with virtual money. His agenda is to make sure the companies survive amongst a load of speculators making nothing physical of value.
Without those investors he wouldn't have the billions to spend on phallic like projects.0 -
No I don't. I was using a ridiculous figure to make a point.surrey_commuter said:
you think that reusing the rocket rather than crashing it into the Atantic would only save you 10%pblakeney said:We can agree that there are savings but no point in exaggerating those savings. Might only be 10%
see my chart above, if you want to put a satellite into orbit then Ariane will charge you $9k per kilo whereas Falcon Heavy is $1.4k
80% of equipment is reusable. Take into account the retrieval costs, refurbishment costs, refuelling costs and the savings cannot be 80%.
There will be savings, but not 80% as was originally claimed.The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Google wasn't making a profit for ages, now look at it. Also what incredible services they have provided the World. I know for sure you are using it every single day. DAY!rick_chasey said:
The investors have made him rich, the least he can do is run the business profitably and be honest about it.focuszing723 said:At least Musk is trying to create products and push things forward, rather many play with virtual money. His agenda is to make sure the companies survive amongst a load of speculators making nothing physical of value.
Without those investors he wouldn't have the billions to spend on phallic like projects.0 -
D A Y !0
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What do you think about Star Link by the way? The extremely quick latency and the impact on the City?
If you can't make trades as quickly aren't you dead?0 -
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No, don't want to.rick_chasey said:Check out the "Toxic fandom and misinformation" bit of the wiki link
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focuszing723 said:
No, don't want to.rick_chasey said:Check out the "Toxic fandom and misinformation" bit of the wiki link
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On a scale of greatest human beings to ever have existed in the existence of uprightedness, Elon Musk must be towards the top of that list. Well, apart from that time he went a bit nuts about our diving pot hole bloke.0
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On starlink by the way, my boss has it as he's in some remote country home and it's not great - he's always having problems with it.0
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He'll be able to get One Web soon.rick_chasey said:On starlink by the way, my boss has it as he's in some remote country home and it's not great - he's always having problems with it.
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Launch Vehicle Payload cost per kgpblakeney said:
No I don't. I was using a ridiculous figure to make a point.surrey_commuter said:
you think that reusing the rocket rather than crashing it into the Atantic would only save you 10%pblakeney said:We can agree that there are savings but no point in exaggerating those savings. Might only be 10%
see my chart above, if you want to put a satellite into orbit then Ariane will charge you $9k per kilo whereas Falcon Heavy is $1.4k
80% of equipment is reusable. Take into account the retrieval costs, refurbishment costs, refuelling costs and the savings cannot be 80%.
There will be savings, but not 80% as was originally claimed.
Vanguard $1,000,000 [19]
Space Shuttle $54,500 [19]
Electron $19,039 [20][21]
Terran 1 $9,600 [22]
Ariane 5G $9,167 [19]
Long March 3B $4,412 [19]
Proton $4,320 [19]
Falcon 9 $2,720 [23]
Falcon Heavy $1,400 [23]0 -
Early days though, evolution. When those laser beams start firing at each other (satellites) and the problems get sorted, the low latency will be a big benefit for niche requirement.rick_chasey said:On starlink by the way, my boss has it as he's in some remote country home and it's not great - he's always having problems with it.
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On Starlink, i think astronomers aren't too happy with it.0
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It may or may not come as a surprise that it's widely shared in dating circles that saying Musk is some great man is a red flag and a sign to avoid the bloke saying it.focuszing723 said:On a scale of greatest human beings to ever have existed in the existence of uprightedness, Elon Musk must be towards the top of that list. Well, apart from that time he went a bit nuts about our diving pot hole bloke.
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Well that's not very nice!rick_chasey said:
It may or may not come as a surprise that it's widely shared in dating circles that saying Musk is some great man is a red flag and a sign to avoid the bloke saying it.focuszing723 said:On a scale of greatest human beings to ever have existed in the existence of uprightedness, Elon Musk must be towards the top of that list. Well, apart from that time he went a bit nuts about our diving pot hole bloke.
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Tesla Inc.’s profit topped $1 billion for the first time in the company’s history and its sales nearly doubled, zooming past Wall Street expectations, but there was no stock rally late Monday as “limited” battery supply and the ongoing chip shortage crimped the Silicon Valley electric-car maker’s output and forced it to delay the launch of its commercial truck.
Tesla TSLA, +2.21% said it earned $1.14 billion, or $1.02 a share, in the second quarter, compared with $104 million, or 10 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $1.45 a share.
Revenue rose 98% to $11.96 billion, from $6.04 billion a year ago, which the company pinned in part on “substantial growth” in vehicle sales.
Analysts polled by FactSet expected Tesla to report adjusted earnings of 94 cents a share on sales of $11.51 billion in the quarter. Monday’s results marked the eighth straight GAAP and adjusted quarterly profit for the company. But Tesla shares gained only 1% in after-hours trading.
The chip shortage “remains quite serious,” Chief Executive Elon Musk said in a call after the results. “The chip supply is fundamentally the governing factor on our output,” and it’s hard to say how long it will last because it’s out of Tesla’s control, he said.
https://www.marketwatch.com/story/tesla-q2-sales-nearly-double-stock-rises-11627330558
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Mate enjoy Stanning Musk.
The firm’s success is not yours unless you’ve got money invested.
If you do, good on you, you’ll have made some stunning returns.
Plenty of people think it’s great and a notable minority think it is the next Wirecard.
It will come out in the wash.
I once had a client where people would come out and suggest there was some “aggressive” accounting practices, similar to what is being suggested happens at Tesla. That was my call to pull the ripcord and stop working with them. (That and they regularly screwed me on fees)
Sure enough, it basically went bust 2 years later.0
