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Discussion in 'News' started by doug, Feb 1, 2009.
For those unaware, the New York Post is pretty much a tabloid.
BATTERY LOSES JUICE - New York Post
They aren't the only tabloid vultures circling around.
Deathwatch: Why Tesla's Elon Musk Could Be the New Preston Tucker
Does this mean they didn't raise anything?
Or that all VC fundraising is over?
It doesn't mean anything. Don't trust what you read in the New York Post. They're more interested in schadenfreude than facts.
Speaking of Schadenfreude...
One thing that keeps appearing in articles is this $140,000 cost figure, which is incorrect. This figure was true early last year when Tesla was gearing up for production, but not by the the time they started. The company has already instituted many cost-saving measures, different parts suppliers, the redesign of the motor (switching from the old 2-speed to the current version), etc. and the cost is considerably lower now. Admittedly some of those savings have been the exclusion of options that were expected by the 2008 buyers, but that's only a small part of it. They are looking at about $80,000 cost by autumn of this year, and although they aren't there yet, the $140,000 number was never true, even from the day production started.
This article has similar statements, and draws a reference to Preston Tucker right in the title:
Why Tesla's Elon Musk Could Be the New Preston Tucker
Nothing really said about all the cancellations. By my count 6 to 40 (depending on criteria)
At the Town Hall meeting, Musk talked about some interesting new investment news comming next week; is this the news and is it not good?