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Fortune Asks Elon 9 Questions - Some of us Help w/Answers

Discussion in 'TSLA Investor Discussions' started by Cattledog, Jun 12, 2013.

  1. v12 to 12v

    v12 to 12v Active Member

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  2. GlennAlanBerry

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    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. vfx

    vfx Well-Known Member

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    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.
     
  4. Palpatine

    Palpatine Banned

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    I believe the company is carrying a contingent liability on the books for the residual value issue, so it is on the shareholders.
     
  5. SuryaDham

    SuryaDham Member

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    Yes, the liability-guarantee falls on Tesla, not on Elon Musk:
    http://www.teslamotors.com/sites/default/files/pdfs/tesla-resale-value-guarantee.pdf
    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.
     

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