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Chevy Volt a Failure - GM to Layoff 1,300

Discussion in 'Sports and News' started by Evil Bastard (aka Chris_L), Mar 2, 2012.

Page 182 of 244
  1. justgladtobehere

    justgladtobehere Well-Known Member

    Tesla can't even manage to refund deposits on time.

    Canceling Your Model 3 Deposit? Don't Count on a Timely Refund

    Tesla model 3 will cost a lot more if you want power features and a color other than black.

    Tesla’s Model 3 isn’t a luxury car, but it’s priced like one

    The truth is the Model 3 costs $40,000 if you want a standard version with autopilot (an extra $5,000) in black with no other options. If you want a different color, add $1,000. And if you want a longer range ($9,000) to get over 300 miles per charge instead of 220, well now we’re at $50,000.

    $50,000 for a midrange car.

    If you’re new to cars, that isn’t exactly midrange car pricing, having clearly pushed into luxury sedan territory, with the likes of the Volvo S90 ($46,950) and Lexus GS ($46,310) and the Audi A6 ($47,600). Even the Model 3’s direct competition, the BMW 320i, maxes out at $47,175. And again, this is before adding the usual slate of premium options like leather seats, power adjustable seats and power folding side mirrors, and rear USB ports (another $5,000).
     
    justgladtobehere, Aug 1, 2017
    #2173
  2. The Big Ragu

    The Big Ragu Moderator Staff Member

     
    The Big Ragu, Aug 1, 2017
    #2174
  3. cranberry

    cranberry Well-Known Member

    cranberry, Aug 3, 2017
    #2175
  4. da man

    da man Well-Known Member

    da man, Aug 3, 2017
    #2176
  5. LongTimeListener

    LongTimeListener Well-Known Member

    LongTimeListener, Aug 3, 2017
    #2177
    Hermes, doctorquant and cranberry like this.
  6. doctorquant

    doctorquant Well-Known Member

    Comes at a price, doesn't it?
     
    doctorquant, Aug 3, 2017
    #2178
  7. cranberry

    cranberry Well-Known Member

     
    cranberry, Aug 3, 2017
    #2179
  8. da man

    da man Well-Known Member

    da man, Sep 3, 2017
    #2180
  9. YankeeFan

    YankeeFan Well-Known Member

    Not sure if anyone else is following this.

    Tesla added range to some vehicles remotely and "for free" so that owners could more easily evacuate from Florida.

    The initial response was mostly positive, until others began to point out that Tesla was artificially limiting the performance of some users' cars, and pointed out how much power Tesla holds over the vehicles.

     
    YankeeFan, Sep 12, 2017
    #2181
  10. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    TheSportsPredictor, Oct 17, 2017
    #2182
  11. The Big Ragu

    The Big Ragu Moderator Staff Member

    Not "to lay off." ... They did a mass firing last week. Between 400 and 700 fired and some reports that it is actually way more than that. ... at a time that they supposedly are ramping up production on the Model 3. ... which they produced much fewer of last quarter than they had promised, although the bullshit promises and the reality never match with this company, so the fact that they made only a handful and not the 1,600 the bullshit-artist-in-chief had projected shouldn't have surprised anyone. Then it came out that they have been assembling the Model 3s by hand, which would explain how much trouble they were having producing any. And not reported in the recent stories, there has been a mass exodus of executives from the company over the last year -- the people who were seeing first hand what a dumpster fire the company is from the inside.

    The company has burned through trillions of dollars of handouts and borrowed money (it was burning through cash at a rate of $13 million a day last quarter). The obvious reason for that scale of lay offs (the bullshitter said it was improving company morale) is that they can't make payroll.
     
    Last edited: Oct 17, 2017
    The Big Ragu, Oct 17, 2017
    #2183
  12. da man

    da man Well-Known Member

    An update:

    Tesla posts record $671 million loss in Q3

    Tesla sparks fresh cash concerns after Model 3 rollout stumbles

    From the second story:

    While Musk has brought in more than $3 billion this year from equity, convertible bond and debt offerings, his electric-car maker has burned through about $2.6 billion in cash during just the last two quarters.

    “We worry that another capital raise may be necessary,” Toni Sacconaghi, a Sanford C. Bernstein & Co. analyst, wrote in a report to clients. He estimates Tesla will have burned through more than $10 billion in cash by year-end since its founding and that it may be the biggest public company ever to have never generated annual profit or positive cash flow.
     
    da man, Nov 5, 2017
    #2184
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