Some other EV news, looks like Musk is really going off the rails. From Marketwatch:
Despite not living up to previous statements, Musk is ramping up the rhetoric.
“The fundamental message that consumers should be taking today is that it’s financially insane to buy anything other than a Tesla,” Musk said. “It will be like owning a horse in three years.”
Musk likes to present Tesla as a new kind of car company, but with this display, he fits right into the stereotypical view of car dealers: Willing to say whatever it takes to get you to spend thousands of dollars on their cars. It is irresponsible and reprehensible, but what do you expect from a car salesman?
So we are all financially insane, right? Personally I think Tesla will be gone within the next 3 years. The onslaught of EVs and PHEVs from real car manufacturers are going to kill Tesla demand and bankrupt the highly leveraged company. VW, BMW, Toyota, Honda etc. can all afford to sell EVs at a loss and Musk can't.
Note that Tesla's highly leveraged total market value is only $46 billion, very close to what dieselgate cost VW. VW absorbed that "pittance" of a cost no problem.
The Tesla brand may survive as part of a major company. Their battery factories will surely be scooped up.
Here's the full article:
https://www.marketwatch.com/story/e...-salesman-2019-04-22?mod=MW_story_top_stories