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Discussion in 'TSLA Investor Discussions' started by Cattledog, Jun 12, 2013.
9 Questions for Tesla's Elon Musk - Jun. 12, 2013
I think that Elon already answered all those questions.
Probably so, but it never hurts to battle the shorts and other anti-EV naysayers in the comment sections of articles and blog posts.
3. The Auto Data excludes Canada which Tesla had always reported. That explains the drop, not actual sales.
6. This residual value burden does not go to the stockholders, Elon Musk personally have backed the cars out of his own fortunes. He did this for Roadster owners in the early days as well.
I believe the company is carrying a contingent liability on the books for the residual value issue, so it is on the shareholders.
Yes, the liability-guarantee falls on Tesla, not on Elon Musk:
Musk personally is not even mentioned in the agreement, only Tesla motors.
What Musk meant is, that even if Tesla motors would go bankrupt, he would personally guarantee for it.