Tesla on the verge of bankruptcy
- Thread starter i am herdman
- Start date
They should start selling guns since so many people are supposedly willing to donate to the NRA. Companies like Remington must be rolling . . . oh, wait.
Italian sports cars are better.
Italian sports cars are better.
Tesla received both private investment and a government loan...which it paid back with interest.
https://www.bloomberg.com/news/articles/2013-05-22/tesla-pays-off-its-465-million-loser-loan
Yes, "loser loan" is to make fun of someone like yourself, because that loan was a winner for the government...and for the nation, because Tesla has greatly advanced an area of technology, one in which the USA is now the global leader.
Tesla's problem isn't the high technology. It's problem isn't making a small number of expensive cars. It's problem is making lots of cheaper cars. That isn't easy to do and do right. It took Ferrari 25 years to double its output while still making glorious vehicles....and they still only make 8k cars a year. Musk went in the wrong direction: he should have stuck with high-end automobiles and ceded the lower end of the market to the behemoths that do that best.
Remington's problem is their quality went to shit. That does not surprise me. They had a pistol release a few years ago that was a flop and they had to give people their money back or a new gun months later. Bought a new 1187 shotgun a few year ago and believe me it was not the old Remington. Should have listened to the guys and the gun shop and not bought it.
Stop reading talking points. Remington, part of Freedom Group, has been in trouble for years.
Good info, thanks. I didn't know Tesla repaid the loan. I stand corrected.
That being said, I'd love to drive a Tesla!
Well, in fairness, all the bank's paid back their loans also but that doesn't matter to some folks like a defunct Wayne cabinet maker.
The problem with them sticking with high-end cars is their interiors are garbage. They can't compete with the European cars on material quality and interior appointments. Sit in a $50,000 Audi and then sit in a $100,000 Tesla and the difference in initial quality is apparent the minute your ass hits the seat.
true, if my memory is correct on this, many years ago,( I think it was Volvo), tried to enter the US market as a cheap European car. It flopped. So they pulled it and re entered the US market later as an expensive car.The rest is history
Remington has been in trouble for a long time for the reasons Herdman noted and because they made some dumb decisions regarding debt purchases (ala Toys R Us).
Believe it or not, I have yet to sit in one. I think the technology is neat, but it just doesn't appeal to me.
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