Comments by "Terje Oseberg" (@terjeoseberg990) on "CNBC Television"
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No, you're wrong. Not all shares would need to be purchased. A private company with fewer than 2,000 shareholders that is private is not regulated by the SEC. This is Musk's goal. So there would have to be fewer than 2,000 shareholders.
The big institutional investors, Musk, and all the other large shareholders will be able to keep their shares as they are.
The small investors would have to sell their shares and purchase shares of a fund. This fund will serve as a single large shareholder making the total number of shareholders less than 2,000.
So, you're right that the small shareholders would have to sell their shares and pay capital gains tax, then repurchase shares of the fund. But that's all you're right about.
Tesla won't go under because the Tesla cult is way too big. Many of them are on the waiting list for a Model 3, and many more are waiting until the there is no longer a waiting list. Tesla will be able to sell as many Model 3s as they can make for at least the next 3 years. By then they'll have the Model Y, the semi truck, and they'll be working on the Model 4 or something.
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Alexander Hamilton, Sounds like you're talking about Bob Lutz. That fool probably doesn't even know how a carburetor works, and probably couldn't figure out how to fix is own car or replace a blown head gasket. He somehow thinks that just because he was the CEO of GM that he knows everything. Has he ever designed an engine? A part of an engine? Any part of a car whatsoever? I bet not. He probably doesn't even know how an internal combustion engine works. And then he's going to say that Tesla is a joke? The guy is completely ignorant.
Check this out.
Tesla's current debt: $10 billion.
They've raised at total of $19 billion in capital.
They borrowed $13.5 billion and raised $3.9 billion by issuing shares.
Stock options and warrants come to $762 million and $562 million respectively..
13,500+3,900+762+562 = 18,724 ($19 billion)
So, they've raised $19 billion and currently owe $10 billion and they currently have $640 million in cash.
Let's say that they borrowed $13.5 billion and then issued shares and sold them for $3.9 billion and then used all the money from selling the shares to pay off the money they borrowed. They would then owe $9.6 billion. Then let's say that they used the $600 million to pay down the $9.6 billion. That would leave them owing $8.8 billion.
They would be left with no cash and owing $8.8 billion. Therefor, where did all that money go?
Well, I just looked it up and they currently have total assets of $27.9 billion.
27.9-8.8 = 19.1 billion
That means that somehow Tesla has accumulated $19.1 billion of value by borrowing money and doing something with it. What the hell kind of magic did Tesla perform in order to lose money on every car they've sold and still generate $19.1 billion?
So now let's take that $19.1 billion and divide it by the number of cars they've sold. They just reached 200,000 cars right?
$19.1 billion / 200,000 cars = $95,500/car
Somehow through the magic of wheeling and dealing, Tesla has been able to generate $95,500/car while losing money on every car sold. Whatever they've done, it's absolutely pure magic.
It's pretty much as if they have 100% gross margins.
Whatever they're doing, they're doing it right, and they should keep it up because it's working.
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melo4217, Cars are not the same as some chat app. With an app, you can write one program and an unlimited number of people can start using it. And once they do, there's absolutely no reason to use another one.
Each car is an individual choice and has nothing to do with other people's cars. I can buy any car I want and drive it on the same road as you and everyone else who bought completely different cars.
With the chat app, if nobody is using the new app, it's pointless to for anyone to start using it, even if the new app is slightly better.
The difficulty with apps is gaining traction. With cars, if you make one great car and sell it at a reasonable price, if someone wants it, they'll buy it.
You can't compare the two things because they're absolutely different.
In other words, everyone uses Snap Chat because everyone is already using Snap Chat. Everyone uses Facebook because everyone is already using Facebook. Google could easily develop a new and improved Facebook and Snap Chat, but nobody is using it, so nobody will use it.
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Justin's Mom, Well, over the long run the stock has been going up. Sure, it's very volatile and goes up and down a lot every day. But, if you wait it out, it eventually goes up. The problem is, those who believe that Tesla is going to fail don't understand that there are so many members of the, "Tesla Cult" that it can't fail. They have a waiting list over 400,000 long when production is around 5,000/week. That's insane. No other company has experienced that in history. This gives them a HUGE advantage over any other car company startup. If this were a normal company with no cult following, they would have failed long ago.
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