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#1276 | |
Scooby Guru
Member#: 873
Join Date: Feb 2000
Chapter/Region:
TXIC
Location: www.testdrivemylife.com
Vehicle:2020 JEEP / RAM Datsun 71 240Z & 68 2000 |
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#1277 |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
Chapter/Region:
BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
![]() You're talking Chappy 7 and we're talking Chappy 11. If they filed Chappy 11, they could shed debt and cherry-pick assets to re-start as a profitable niche automaker. The company is headed for restructuring unless a bunch of very low probability scenarios occur. If it restructures, it is likely to take Etron down in the process, but the sooner it restructures, the better off it will be.
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#1278 |
Papi Chulo
Moderator Member#: 53794
Join Date: Jan 2004
Chapter/Region:
RMIC
Location: Boner kill city
Vehicle:... 2017 BMW M2 2017 F-150 |
![]() Certain people are definitely thinking filing for bankruptcy = doors shut when we're (you) clearly are discussing debt restructuring. Tesla does have a tremendous amount of debt liabilities. Restructuring that debt would give them a **** load of free cash flow and allow scalability to explode. However, certain egos won't allow that to happen even though it would be the best option for the company short, medium and long term.
And figure out how to dump solar city ![]() |
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#1279 |
Scooby Specialist
Member#: 232940
Join Date: Dec 2009
Location: cold
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![]() If they filed for Chapter 11 it would be a big blow to their reputation. Most people don't understand the difference, as has already been mentioned. If people hear anything about bankruptcy, there will be a panic and people would stop buying their cars.
And as I've said before, if Elon is gone, Tesla dies or more likely gets absorbed quickly. It's only held together as an independent company by him. SpaceX is different. |
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#1280 |
Scooby Guru
Member#: 67807
Join Date: Aug 2004
Chapter/Region:
MAIC
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![]() Yeah I thought the same about Elon bowing out of operations to be a board type person hurting Tesla's chances of success, but now it's clear he has been the cause of his own misery. So it's a toss up who or what will kill the company sooner. I think the tide is turning on the reason people keep investing in TSLA and Tesla cars. But the chances of Tesla being sold to the highest bidder and parceled off is almost assured if Musk steps down. And if happens he stands to gain ridiculous money. Musk can't lose. Musk haters will always lose. Suck it losers.
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#1281 | ||
Papi Chulo
Moderator Member#: 53794
Join Date: Jan 2004
Chapter/Region:
RMIC
Location: Boner kill city
Vehicle:... 2017 BMW M2 2017 F-150 |
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If I were a betting man, I’d place money that the large autos will solicit offers to buy when A) It restructures the debt or B) recession happens and value of the stock tanks and faces severe financial hardship. Those are my guesses. I could likely be very wrong but at this point, it’s all a guessing game. |
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#1282 |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
Chapter/Region:
BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
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#1283 | |
Scooby Specialist
Member#: 161333
Join Date: Oct 2007
Chapter/Region:
NWIC
Location: snoco wa
Vehicle:20 Yami XSR fast leaf |
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Telsa is where they are because Elon has pie-in-the-sky ideas that break the mold. Absolutely no other person would be able to step in charge of this company and direct it the way Elon has. They'd direct it to be just another ho-hum, vanilla car manufacturer that make investors happy. Elon comes up with bat**** crazy ideas and implements them in some way. 15 years ago, what Elon envisioned was thought to be completely impossible. And while he may not have achieved everything that he wanted, in the timelines he set out, he has moved the bar so far for vehicles it's not even funny. Without Tesla, the Leaf probably wouldn't even exist. It takes a person with this type of mentality to push the limits. Elon steps down and someone like Tom Doll steps in, and Tesla will be bowled over by literally every other car manufacturer. Period. Like him or not. Invest or buy his products or not. It doesn't matter. People are buying into the vision, not the financials. They buy into Elon's charisma, not his business savvy. Akin to the reason our president is in office... not because he's the best person for the job, but because he's the personality that people wanted to hear. Ready to say things that move the bar in one way or another, for better or worse. He is just a spokesman, but without the ability to give direction, he is nothing. |
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#1284 | |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
Chapter/Region:
BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
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#1285 |
Scooby Specialist
Member#: 138000
Join Date: Jan 2007
Chapter/Region:
BAIC
Location: et ament meminisse periti
Vehicle:Buy Nate's coffee west coast roasting |
![]() what are the bonds at? Those give you a very good indicator of if Ch. 11 is on it's way or not. Granted I'm now 10 years removed from the space, but I've got 20 Chap 11s with another 20 restructures on my resume - with over half in the auto space.
The cracks are there, but if things stay constant (aka no recession) Tesla is closer to being a stressed company vs. Ch. 11. |
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#1286 |
Scooby Specialist
Member#: 161333
Join Date: Oct 2007
Chapter/Region:
NWIC
Location: snoco wa
Vehicle:20 Yami XSR fast leaf |
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#1287 | |
Papi Chulo
Moderator Member#: 53794
Join Date: Jan 2004
Chapter/Region:
RMIC
Location: Boner kill city
Vehicle:... 2017 BMW M2 2017 F-150 |
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#1288 | |
Scooby Guru
Member#: 133146
Join Date: Nov 2006
Location: SC
Vehicle:07 FPgreen [email protected] WRX VF39+E85 12.0, 121mph |
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![]() I wonder if Tesla would get bail out by the government if something happens? |
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#1289 | |
Scooby Specialist
Member#: 161333
Join Date: Oct 2007
Chapter/Region:
NWIC
Location: snoco wa
Vehicle:20 Yami XSR fast leaf |
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#1290 |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
Chapter/Region:
BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
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#1291 | |
Scooby Guru
Member#: 873
Join Date: Feb 2000
Chapter/Region:
TXIC
Location: www.testdrivemylife.com
Vehicle:2020 JEEP / RAM Datsun 71 240Z & 68 2000 |
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#1292 |
Scooby Specialist
Member#: 161333
Join Date: Oct 2007
Chapter/Region:
NWIC
Location: snoco wa
Vehicle:20 Yami XSR fast leaf |
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#1293 |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
Chapter/Region:
BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
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#1294 |
Scooby Guru
Member#: 67807
Join Date: Aug 2004
Chapter/Region:
MAIC
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![]() I don't think Musk needs to do any more as a mouthpiece OR as a operations point man. He built that brand far beyond what anyone else could have. Give him props and let him profit so he can live out his days swimming in the DMT cosmos waaaay south of the border.
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#1295 | |
Papi Chulo
Moderator Member#: 53794
Join Date: Jan 2004
Chapter/Region:
RMIC
Location: Boner kill city
Vehicle:... 2017 BMW M2 2017 F-150 |
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I’m not sure if you’re choosing to ignore or failing to see that I keep mentioning Elon staying on as visionary and board member. Elon knows dick about actual business, financials, costs etc as we can clearly see by fluctuations in price, change in manufacturing etc etc. Tesla would not stale or go backwards because someone took over the day to day operations while Elon is still visionary. You mention people buying into the culture and not the product. Are you relating this directly to Apple or to all businesses? |
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#1296 | |
Scooby Specialist
Member#: 161333
Join Date: Oct 2007
Chapter/Region:
NWIC
Location: snoco wa
Vehicle:20 Yami XSR fast leaf |
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I hear what you're saying about him staying on as a "visionary and board member", but that's all he is right now anyway. He's a figure head. Guaranteed if he "stepped down" the companies stock would TANK. The stock is propped up with charisma. With regards to buying into the "culture", yes, I was referring to Apple. I was also referring to Tesla because they have built a similar "cult" type of brand. All brands do it to some extent, but some have created a true cult. Apple created a cult. So has Tesla. So has Harley Davidson. So has Ikea. |
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#1297 | |
Scooby Specialist
Member#: 8489
Join Date: Jul 2001
Chapter/Region:
BAIC
Location: Atherton, CA
Vehicle:2005 Carrera GT Guards |
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Cutting to the chase, if Etron's mere existence in the business sphere isn't insulting to you, then you are either not very good at whatever it is that you do, or you are a spineless sheep, devoid of integrity. Further, if you actually revere him, then you are also lacking intelligence, and are a willing concubine to the whims of society. |
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#1298 | |
Scooby Specialist
Member#: 161333
Join Date: Oct 2007
Chapter/Region:
NWIC
Location: snoco wa
Vehicle:20 Yami XSR fast leaf |
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![]() ![]() ![]() Really, no need to step all the way down to personal insults. I have zero stake in this game. Just giving an outsiders perspective, because it seems to be a bit of a circle-jerk in here... ![]() |
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#1299 | |||
Scooby Guru
Member#: 133146
Join Date: Nov 2006
Location: SC
Vehicle:07 FPgreen [email protected] WRX VF39+E85 12.0, 121mph |
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#1300 | |
Scooby Guru
Member#: 133146
Join Date: Nov 2006
Location: SC
Vehicle:07 FPgreen [email protected] WRX VF39+E85 12.0, 121mph |
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