Comments by "" (@mrpmj00) on "What's important for investors as Tesla controversy continues with SEC" video.

  1. Closing the galleria locations will trigger breach of lease contract lawsuits.
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  2. There are a few issues before the adoption of electric car goes mainstream : 1. Cost of acquisition is still higher than gas powered car (Toyota Camry at $18k-$25k). 2. Electric charging station infrastructure 3. Time to recharge the battery in 6 minutes like ICE cars.? 4. Resale value: People junk ICE cars when a major thing brakes and the repair costs are about the same as the car's value. Example: a new transmission costs $3k, so noone is going to buy that car for much more than $3k. Likewise, a Tesla battery replacement costs $12k-20k, which means that noone's going to buy a used Tesla once its value is close to $12k-$20k. And mainstream new ICE sedans like a Toyota Camry costs $18k-$25k; therefore why would anyone who's going to spend $25k consider a used Tesla when they can get a new Toyota Camry?? The $35k version with the short range battery will not sell. Less wealthy people live farther from their jobs so they are the ones who actually need a bigger battery more than a person who earns more and lives closer and gets to telecommute.
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  3. That's because demand in the U.S. has dried up.
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