So, is it true that they essentially want folks to pay now for a promise of a car in three years?
So, is it true that they essentially want folks to pay now for a promise of a car in three years?
They saw people were willing to plunk some money down before the Model 3 was ever released, why not have rich people who want a fast car plunk down more money?
T.J. said:So, is it true that they essentially want folks to pay now for a promise of a car in three years?
No no no, Tesla is allowing folks to pay now for a promise of a car in three years.
yeah, 'cause no other company ever took deposits on cars that hadn't been built yet, for spots in line.
Chris_V said:yeah, 'cause no other company ever took deposits on cars that hadn't been built yet, for spots in line.
Also, all of McLaren's BP23s (a new car in development, probably not the final name) were pre-sold before there were any concrete specs or even a picture/drawing of the car.
I would be wary of loaning my money to a company that only seems to lose money. That can't continue for ever.
In reply to T.J. :
Tesla's lenders apparently disagree with you.
T.J. said:I would be wary of loaning my money to a company that only seems to lose money. That can't continue for ever.
Well, they make money on every car they sell, they just happen to be investing their profits back into R&D and things like the supercharger infrastructure and gigafactory, which investors seem to love.
Oh Tesla can build supercars just fine. That's not an issue. Scaling faster than any other car company has since Ford nearly 100 years ago is the issue.
How this stock grows is that they get all the futurists salivating. Then fund managers and other sophisticated investors who are agnostic or even bearish on the stock throw up their hands and say "Well, the futurists are going to go so nuts for this that we have to buy in too... but we'll also short it at the same time" Of course everybody's shorts have different time horizons so they don't all kick in at once. Then once average investors see the growth they want in too. Tesla does have much better brand recognition than most tech startups since its much easier to explain what they do since they aren't actually tech but rather "boring" manufacturing.
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