Tesla interview on 60 minutes

Geo-TH,In

Well-known Member
Did anyone watch the Tesla interview on 60 minutes?

Tesla finally made a profit by making a third assembly line in parking lot. The
building is a tent. Tesla said one of his mistakes is using robots. The third
assembly line, no robots, just humans. I think that is a good thing, replacing
robots with HUMANS.

He also mentioned he may buy some of the plants GM is closing.
 
Shop Rat ...... I assume your question is about the Ponzi scheme post. You read my mind and posted the question that I wondered about.
 
That's hilarious
the connotation

how inebriate drunkard ism
may move a person to high level

and yet a puff of weed depicts social disgrace

the dude is rich
the dude is hella smart
the dude took rocket science to a mere hobby
the jokes on who

dude
 
I never watch 60 minutes but am familiar with Elon Musk and Tesla.

GM has no plans to sell any plants at this time. It remains to be seen whether they will sell any or even if they will be allowed to close any. Musk should be advised that any GM plants in OH, MD, MI, etc., will come with the UAW. Any Canadian plants that he may acquire will come with even more entrenched Canadian unions.

Stay tuned.

Dean
 
I stopped watching 60 minutes years ago. After seeing the lies they told about a company here in Texas. The only thing they had correct was the name of the company
 
I do know Tesla is growing. We have this thing that all Automobile makers are doing battery cars now. It is the wave of the feature they claim. what if you have a electrical power out for a long time how will you charge up the car. Robots run programs but sad to say they just do not have that one thing we got (that Human touch). that means a lot to a person who drives a car. You can not describe to a program what that human touch is and feel is in that car at that time going down a road.
 
Urban electrification is very reliable, outages rarely last more than 24 hours, but, I would have car charged if storm coming, just in case.
 
Isn't it great that American Taxpayers are subsidizing the purchase of luxury automobiles by rich people? Take away the tax credits they get for selling "electric" cars and the company is bankrupt.
 
Darn lectric cars
GM and Ford said the heck with cars anyway.

rich lil punk
throwing his toy car in a space ship and dream.
Whatevr

when can I buy a chinese car?
 
Geee,

Who would thunk you could fly a rcketship backwards and land it on it's feet

nasa?
Buck Rogers?

tesla semi
tesla pickup truck

lectric drive harvesters
lectric bulldozers
 
When I think of robots I think of the movie west world ! I think that was the name of it ? The robots took over and started building more robots.
 
(quoted from post at 09:08:08 12/10/18) But it's OK to subsidise the BTO's so they can buy up more farmland as the family farmers go bankrupt due to the trade war??????

What subsidy Rus? I'd like to contact my representatives about it.

Rick
 
Typical 'merica today. May as well stop calling it America and start calling it Failure Nation.

Guy starts a company from nothing and builds it into multiple billion dollar businesses and half the country wants to tear him down.

What happened to Failure Nation that we now hate success?

Funded by the taxpayer? You have to be kidding me. Have you seen the PRICE of a Tesla? Nobody on welfare is getting free Teslas courtesy of the taxpayer.

BTW, the taxpayer subsidizes EVERYONE who owns a car. Yeah, even you. Only an idiot would believe that gas and vehicle taxes alone pay for all the roads and bridges that you're driving on. Every car in this country is subsidized by the taxpayer because roads don't build or maintain themselves.

Ponzi scheme? Laughable. It's a publically traded company. The books are open. You can't run a ponzi scheme where others can see the books.

I know this last one will be a shocker, but the target market for Tesla is NOT a bunch of antique equipment lovers on an old tractor forum. The internal combustion engine took over 100 years to become to the marvel it is today and now a bunch of people here in Failure Nation wants to brand electric cars a failure because in less than 15 years of serious large-scale commercial development they aren't everything the ICE powered car is now.

A lot of the reaction to Tesla is really a kneejerk reaction to Musk's personality. News flash for you. By all historical accounts, most of you wouldn't have liked Henry Ford had you met him in person. It amazes me here in Failure Nation that people are mentally incapable of separating "like the person" from "appreciating the achievement".

Grouse
 
Bingo, dhermesc.

I do not believe that any of Musk's companies have made any money to date without subsidies.

Dean
 
A guy in the know told me those big batteries are only good for about 5 years and cost a lot to replace. Battery technology needs to improve.
 
Thought heard him say the model 3 is retailing 47,000. Quite a chunk of change. It is amazing the parking lot assembly line was set up in 3 weeks when he realized the company was losing millions of dollars due to too a low production rate,too many robotic breakdowns. He did not add robotics to the 3rd assembly line. If you have portable generator in your garage you would not need to worry about power outages if the generator can run for 8 hrs. After listening to him don't think he will have UAW in any of his assembly plants.
 
From what I have heard on the business channels is Musk is under SEC investigation,Tesla is falling behind other companies and Musk may be fired from Tesla.The guy is a heck of a salesman
for sure.With cheap oil and natural gas the golden age of electric cars may be a few years off.Of course the US electrical power grid is stretched to the limit in many areas now
so where is all this electricity going to come from to recharge cars?
 
Think the best idea would be for the gov't not to support any business,farm etc that can't make it on their own and return to a truly capitalistic economy where to those with the
best business plan prevail not those that can collect the most gov't support and handouts.Its not how good someone or group is at their profession anymore its how good of a
lobbyist they can hire and send to DC.
 
Your reply is a little incoherent, but I think I know what you were trying to say, and I think your wrong. Farmers are going bankrupt at the highest rate since the great depression, (the 30's)

https://www.vox.com/policy-and-politics/2018/11/27/18114566/nnalert-trade-war-china-farm-bankruptcy
 
(quoted from post at 11:20:56 12/10/18) Bingo, dhermesc.

I do not believe that any of Musk's companies have made any money to date without subsidies.

Dean

Yes, yes, this old whopper about "He must be a failure because his company isn't profitable right now."

I can't believe it, but there are people out there that think you can start an enterprise on the scale of Tesla and be debt free within the first 10 years. So to them, Tesla and Musk are "failures".

You guys probably have never heard of this company called Amazon then, eh? Or another one called Facebook? Same people were making the same BS claims for years that these companies were failures because they weren't making a profit back then. Well, how do you like 'em now, boys? Both are making billions in profit.

Meanwhile, the car lots are FULL of Fords and Chevys and the other brands. Seems like the only company selling them faster than they can make them is Tesla and still they are a "failure".


Grouse
 
(quoted from post at 09:22:40 12/10/18) A guy in the know told me those big batteries are only good for about 5 years and cost a lot to replace. Battery technology needs to improve.



When they can make batteries to where they can run a car 8 to 10 hours non stop, and can be completly rechraged as fast as you can fill a car with gas. Electric cars will be nothing but a novelty item!
 
(quoted from post at 12:42:17 12/10/18)
(quoted from post at 11:20:56 12/10/18) Bingo, dhermesc.

I do not believe that any of Musk's companies have made any money to date without subsidies.

Dean

Yes, yes, this old whopper about "He must be a failure because his company isn't profitable right now."

I can't believe it, but there are people out there that think you can start an enterprise on the scale of Tesla and be debt free within the first 10 years. So to them, Tesla and Musk are "failures".

You guys probably have never heard of this company called Amazon then, eh? Or another one called Facebook? Same people were making the same BS claims for years that these companies were failures because they weren't making a profit back then. Well, how do you like 'em now, boys? Both are making billions in profit.

Meanwhile, the car lots are FULL of Fords and Chevys and the other brands. Seems like the only company selling them faster than they can make them is Tesla and still they are a "failure".


Grouse
think it's called envy/jealously.
 
Right on, David. I have been in manufacturing for over 45 years. Robots have their place but they cannot replace humans. Not yet anyways.
 
Where will all the electric power be generated? First Energy must not think the demand will increase; they are closing a huge 2500 MW station here in Pa.
 
I agree. It is a shame that all of the fake news media, scientists,
so called experts looking for money doles, the government sponges,
and so on could be judged as to what they blab all over the place. A
public flogging sounds about right. Shoot your bug mouth off with
bogus facts and hearsay with a little socialism thrown in. Krack! Just
remember the Supreme court hearings. Also remember Michal Flynn how he
got raked over the coals and then everything was dropped. There is a
Seal 5eam Six member sitting in a jail named Daniel Corbett. Just so
sad.
 
Anyone that has ever been in an automotive assembly plant well knows that NO ONE can set up such plant in a parking lot in a tent in three weeks.

Such claim is preposterous.

Note: I did not say that one cannot set up a temporary operation in a tent in a parking lot in three weeks where some work can be done, but an automotive assembly plant is preposterous.

Dean
 
Most of you guys are a HOOT! I can just hear those of you alive in 2038 crying because the only automobile available is a Chinese 1000 mile electric.
Go ahead on cry about socialism, subsidies, welfare and the like. China heavily supports electric transport research and without a doubt is gonna eat our lunch.
Your grandchildren are gonna be squatting in a mud puddle picking corn out of monkey crap, if we don't get our head out of our asp and reign in the capitalists.
Like it or not the world is changing and we are on the back side of it. The glory years of the US has come and gone, get used to it.
 
Yeah, but it's not from any trade war, we won that. It might be related to over production and excessive debt tho.
 
There is a fairly good chance that corn farmers will lobby their legislators to force power companies to burn ethanol to generate 10 percent or more of their electricity, LOL.
 
I saw more farmers cashing out when prices were high and the money was good than I see going bankrupt now that rices have returned to normal.
 
Come to Iowa where we now generate more, percentage wise, electricity from the Wind than ANY other State. Apple and Facebook are locating here because our electric rates are nearly as low as hydroelectric and we're central to the Country. Almost 40% so far and the people maintaining them are making good money. Electric Company is owned by 'The Oracle of Omaha' Warren Buffett, who seldom loses money (like, never)
 
China can't even feed its population and look how the socialist countries of the world are mired down.Capitalism got us where we are today no sense in trading for a lesser system.
BTW China is where its at now because of the trade secrets they have stolen from the USA.
 
Some interesting comments from a post on an electric car, some even venturing into politics, fake news, etc.

Farmers once shied away from tractors, nothing would EVER replace their team of horses. Dependable, always ready to go, relatively cheap ..... no way can any machine replace them. Then later on, the same thing about rubber tires, never in a million years would they EVER replace good old steel wheels. Then the little European and Japanese cars ..... never buy one, those things are junk. Give me a big Chevy any day of the week, nothing will ever replace good old North American iron. The planet is in trouble and all those crazy tree-hugger guys and their stupid wind farms and trying to trap solar energy, they must be out of their minds. That stuff will NEVER replace oil as an energy source.

No need to continue the story.
 
Overall, our electrical system is becoming underutilized due to energy efficiency, so adding load is a good thing, especially charging cars at night when the demand is lower. I think it is good we are reducing the need for electricity for lighting and using it for something useful like moving things. I am not going to get into the capital / non capital argument because I just do not know. It is important to remember the railroads would not have gotten built without the land grants by the government.
 
This discussion is sort of like a group of old guys 100 years ago talking about how the automobile and tractor would never replace the horse. If your perspective is only based on looking back in time it is pretty hard to predict the future. I don't know if the electric car will take over or not but if it does it won't be because we are using it the way we are using a car today. It will also depend on some technical advancements that aren't here yet.

I am going to throw out a crazy concept. What if you don't own the car but pay for miles? A gas station becomes a place to exchange your car for one that is fully charged. What if you don't own the battery but pay to swap it out at a gas station? The point is the current model is based on you owning your car and having a gas station network. That model can change for something else. It doesn't have to be a one to one swap. Charging your battery doesn't have to be a direct comparison to filling your gas tank.
 
In the 1970's I worked in an auto plant that used a lot of forklifts, gasoline powered, propane powered and electric powered. It took less time to swap out the propane cylinders and electric battery packs than to refuel the gasoline units.
 
If the free market replaces something its one thing but gov't forced changes rarely work.Check out France in Dec 2018 and how their Global Warming tax is working out.Gotta give it to the
French they know how to put on a good riot and handle arrogant politicians(LOL)
 
Actually, they would have been built, David G. Indeed many were.

The building process would have been different, and it would have taken longer, but railroads would have been built.

Dean
 
Bingo, Traditional.

It speaks volumes that even the Europeans have had enough socialism.

This is going to spread.

Stay tuned.

Dean
 
(quoted from post at 14:21:45 12/10/18) How much of that is taxpayer funded? Used to be a lot, but I'm not up on that anymore.

None of it. Tesla never has been taxpayer funded. Yes, there was a tax credit for some electric vehicle purchases and it' gets phased out this year. It's up to a $7500 credit, but this applies to any electric vehicle from any maker, so it's not just benefitting Tesla. There are about 20 makers including Ford, GM, BMW, Jag, Audi that make eligible cars so does this make all these companies taxpayer funded?

People are constantly creating this "taxpayer-funded" fake news because for some reason they are looking for reasons to tear down American entrepreneurs like Musk and Bezos.

The future never looks like the present and it never comes crashing through the front door. It arrives quietly and becomes the present when nobody is looking but then everybody claims they foresaw it all long ago.

Our children and grandchildren will marvel at the crude, inefficient, and unrefined vehicles we drove back in the early part of the distant past back in 2010 or 2015. Really? You had to be driving it all the time? Even on the freeway? Incredible how backward things were back in the early 21st century, they'll think.

Grouse
 
(quoted from post at 14:20:36 12/10/18) Some interesting comments from a post on an electric car, some even venturing into politics, fake news, etc.
Farmers once shied away from tractors, nothing would EVER replace their team of horses.

They said the same thing about the steel plow.
Never will replace the good old wood plow.
Going the poison the ground.
 
Says it costs 200,000 to 300,000$ to buy guess you rich guys can handle it but out of most people's league.Plus it'll have to be a lot bigger and a lot more powerful to haul the
average American around these days(LOL)
 

About the tax money...

Rich folks have voluntarily funded most of the advancements in automobiles/tractors we drive today... Most of it were applied to expensive lines that rich folks drove then funneled down to the base lines as the cost came down...
 
All true, but how far away can it be? And these fly themselves, what would one cost that you pilot yourself?
 
When they were doing the land grants, most of the Midwest was considered to be of no value. The conventional wisdom was since the land wouldn't grow trees, it wouldn't grow corn. People were wanting passage from the east to California and the gold out there. As such, the land was considered worthless, and would have remained so for many years had the rail road not been built. In the 1860's California was feeding the nation. It wasn't just gold seekers, and it wasn't a one way thing either.
Good old capitalism at work.
 
"Ponzi scheme? Laughable. It's a publically traded company. The books are open. You can't run a ponzi scheme where others can see the books."

You REALLY don't think it is a Ponzi scheme? What else would you call it? Books or not, he is financing production costs by using deposits on cars that are not yet produced. And, now that he has used up all of the profit as well as some of the money for production costs from those cars that have not yet been produced what will he do when those cars are actually produced and delivered? Oh, that's right, from deposits on even more cars that have not yet been produced.

That is the textbook definition of a Ponzi scheme. Even a blind man can see that.
 
You are missing the big defect to your theory.

That is: people PERSONALIZE their cars. There are compartments all over most cars where folks stash their small personal items. I simply do not see people completely cleaning out their cars every time they get out of them. That is what it would take to keep exchanging cars. Even batteries.

Suppose you have an electric car. The battery reaches its "end of life" and you spend a lot of money to replace it. Then, when you go on a trip, and when your battery runs down, you pull into a "charging station" that is in reality an exchange station. They take out your brand new $5000 battery and put one in that has maybe 6 months of life left in it.

NOT ON MY DIME!!!!!

Next, about not owning the car and just exchanging it when the charge runs out. Personally, I do not want to get into a car that was last driven by a smoker, or some guy with pneumonia that hacked gobs all over the instrument panel, or the family that has left stinky diapers from changing their baby, or the ones whose dog had a little "accident" in the back seat because there was no convenient place available to walk the poor creature.

In short, your idea has too many shortcomings to be practical.
 
You say that the internal combustion engine took 100 years to become what it is today. BUT, most of those 100 years saw very little change for years at a time.

And, to further complicate things, why then are electric cars not superior to gasoline engine cars? They were here FIRST. The vast majority of cars between 1880 and 1910 were electric. They carried big, heavy, inefficient batteries that took a long time to recharge - if the car owner even had electricity available to him to recharge with.

By your line of reasoning, electric cars should have surpassed ICE cars a long time ago simply because they have been around longer. However, I can answer that. It is because electric cars have limited viability. They are still inferior to gasoline and diesel powered vehicles for a number of reasons.
Charging times are too long. Range is too short. Batteries are too heavy. And, it takes years of research and development to bring basic things like heaters, air conditioning, and other "creature comforts" up to the "standard" of a gasoline powered car.
 
That is true. But in the past the rich people paid for those luxuries. Now I'm paying for them so some rich guy can enjoy his $90,000 sports car.
 
Ford makes one electric car that gets the $7500 credit - the Focus electric with an MSRP of $29,000. Tesla makes luxury cars the use enormous amounts of electricity to compete with some of the fastest street cars on earth and are primarily the playthings of rich people. If it were a gas car the government would slam it with extra taxes for being so inefficient.
 
Agreed. And how much did the government pay farmers to switch from horses to tractors? If I recall correctly farmers did it because the tractors were more efficient and cheaper to use considering the productivity.


What we have here is a case of the government actually trying to pay people to keep using horses. The "new" technology is actually more than 100 years old and has always been less efficient, less convenient and more costly to use.
 
(quoted from post at 19:52:32 12/10/18)
(quoted from post at 14:21:45 12/10/18) How much of that is taxpayer funded? Used to be a lot, but I'm not up on that anymore.

None of it. Tesla never has been taxpayer funded. Yes, there was a tax credit for some electric vehicle purchases and it' gets phased out this year. It's up to a $7500 credit, but this applies to any electric vehicle from any maker, so it's not just benefitting Tesla. There are about 20 makers including Ford, GM, BMW, Jag, Audi that make eligible cars so does this make all these companies taxpayer funded?

People are constantly creating this "taxpayer-funded" fake news because for some reason they are looking for reasons to tear down American entrepreneurs like Musk and Bezos.

The future never looks like the present and it never comes crashing through the front door. It arrives quietly and becomes the present when nobody is looking but then everybody claims they foresaw it all long ago.

Our children and grandchildren will marvel at the crude, inefficient, and unrefined vehicles we drove back in the early part of the distant past back in 2010 or 2015. Really? You had to be driving it all the time? Even on the freeway? Incredible how backward things were back in the early 21st century, they'll think.

Grouse

https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

https://dailycaller.com/2017/01/04/teslas-massive-taxpayer-subsidized-gigafactory-is-now-online/

I can find a lot more if you need them
 
(quoted from post at 08:47:38 12/10/18) Did anyone watch the Tesla interview on 60 minutes?

Tesla finally made a profit by making a third assembly line in parking lot. The
building is a tent. Tesla said one of his mistakes is using robots. The third
assembly line, no robots, just humans. I think that is a good thing, replacing
robots with HUMANS.

He also mentioned he may buy some of the plants GM is closing.

GM press release stated they were going to concentrate on EV's and self driving vehicles. Don't know how when one of the largest EV markets collapsed when Ontario ended the $14,000 per vehicle plus $1000 for a charger subsidy ( tax dollars ).
GM is continuing to streamline as they already started with when they discontinued Saturn, Olds and Pontiac.
Can't be competing against yourself nor have so many versions of micro, small,medium, large cars and five or more different sizes of SUV's.
 
Unless you are in the top 10% of the income earners in the US the taxes you pay are a very small portion of what is collected so in a sense the rich are still paying just going thru
the Gov't first.
 
(quoted from post at 12:18:33 12/10/18) Typical 'merica today. May as well stop calling it America and start calling it Failure Nation.

Guy starts a company from nothing and builds it into multiple billion dollar businesses and half the country wants to tear him down.

What happened to Failure Nation that we now hate success?

Funded by the taxpayer? You have to be kidding me. Have you seen the PRICE of a Tesla? Nobody on welfare is getting free Teslas courtesy of the taxpayer.

BTW, the taxpayer subsidizes EVERYONE who owns a car. Yeah, even you. Only an idiot would believe that gas and vehicle taxes alone pay for all the roads and bridges that you're driving on. Every car in this country is subsidized by the taxpayer because roads don't build or maintain themselves.

Ponzi scheme? Laughable. It's a publically traded company. The books are open. You can't run a ponzi scheme where others can see the books.

I know this last one will be a shocker, but the target market for Tesla is NOT a bunch of antique equipment lovers on an old tractor forum. The internal combustion engine took over 100 years to become to the marvel it is today and now a bunch of people here in Failure Nation wants to brand electric cars a failure because in less than 15 years of serious large-scale commercial development they aren't everything the ICE powered car is now.

A lot of the reaction to Tesla is really a kneejerk reaction to Musk's personality. News flash for you. By all historical accounts, most of you wouldn't have liked Henry Ford had you met him in person. It amazes me here in Failure Nation that people are mentally incapable of separating "like the person" from "appreciating the achievement".

Grouse

Still stands that batteries do not have the energy density or the refill time that a gasoline or diesel fuel tank has.
btw no amount of research will change that either .
 
(quoted from post at 12:26:00 12/10/18) Thought heard him say the model 3 is retailing 47,000. Quite a chunk of change. It is amazing the parking lot assembly line was set up in 3 weeks when he realized the company was losing millions of dollars due to too a low production rate,too many robotic breakdowns. He did not add robotics to the 3rd assembly line. If you have portable generator in your garage you would not need to worry about power outages if the generator can run for 8 hrs. After listening to him don't think he will have UAW in any of his assembly plants.

Wow, how many gallons of gasoline through a generator to obtain how many miles in an electric vehicle ? The losses would be at least 1/3.
 
(quoted from post at 13:00:48 12/10/18) Where will all the electric power be generated? First Energy must not think the demand will increase; they are closing a huge 2500 MW station here in Pa.

The greenies are closing nuclear via a backdoor approach.
Nuclear pays the bills supplying power during the Mom-Friday daytime demand peaks when the price per Kw increases.
Wind and solar with their subsidized rates are flooding the Mon-Friday peak wholesale prices down.
Off peak when nuclear used to break even is now also a loss as wind and power compete with subsidies.
Overall utility grid demand is down due to manufacturing moving offshore .
 
(quoted from post at 15:20:36 12/10/18) Some interesting comments from a post on an electric car, some even venturing into politics, fake news, etc.

Farmers once shied away from tractors, nothing would EVER replace their team of horses. Dependable, always ready to go, relatively cheap ..... no way can any machine replace them. Then later on, the same thing about rubber tires, never in a million years would they EVER replace good old steel wheels. Then the little European and Japanese cars ..... never buy one, those things are junk. Give me a big Chevy any day of the week, nothing will ever replace good old North American iron. The planet is in trouble and all those crazy tree-hugger guys and their stupid wind farms and trying to trap solar energy, they must be out of their minds. That stuff will NEVER replace oil as an energy source.

No need to continue the story.

Lets connect your house to only wind and solar power. You will spend the majority of the time shivering in the dark.
 
(quoted from post at 18:52:32 12/10/18)
(quoted from post at 14:21:45 12/10/18) How much of that is taxpayer funded? Used to be a lot, but I'm not up on that anymore.

None of it. Tesla never has been taxpayer funded. Yes, there was a tax credit for some electric vehicle purchases and it' gets phased out this year. It's up to a $7500 credit, but this applies to any electric vehicle from any maker, so it's not just benefitting Tesla. There are about 20 makers including Ford, GM, BMW, Jag, Audi that make eligible cars so does this make all these companies taxpayer funded?

People are constantly creating this "taxpayer-funded" fake news because for some reason they are looking for reasons to tear down American entrepreneurs like Musk and Bezos.

The future never looks like the present and it never comes crashing through the front door. It arrives quietly and becomes the present when nobody is looking but then everybody claims they foresaw it all long ago.

Our children and grandchildren will marvel at the crude, inefficient, and unrefined vehicles we drove back in the early part of the distant past back in 2010 or 2015. Really? You had to be driving it all the time? Even on the freeway? Incredible how backward things were back in the early 21st century, they'll think.

Grouse

You grandchildren won't be able to leave the vehicles. They will be so fat from eating at the drive through while waiting for the EV to charge.
 
Just curious - who pays a large portion of what is collected? Everyone's tax is small in comparison the overall collections. While I'm not in the top 10% of income - I'm well above the bottom 50% that pay nothing or less.
 
I read where Ford quit making sedans. Didn't see any in current TV ads. Follow the money. Funny, most TV ads are upper cut sedans using public
roadways as race tracks.....Connected to the real world??? Subaru, Land Rover, the exceptions. I see Jeep is getting back in the lucrative truck
business......long way from what they were selling when they quit.
 

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