(ot) the car : (an EV promotion opportunity missed)

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(ot) the car : (an EV promotion opportunity missed)

Electric Vehicle Discussion List mailing list


Since the EV newswires are quiet, I'm taking some evdl bandwidth to mention
...
(ot) I achieved another milestone, my vehicle is now registered as a Texan.
I proudly put its Texas lic plates and windshield sticker on (even in the
cold, drizzling rain). My next goal is to get a Texas driver's license (step
by step I am inching my way to achieving goals). Meanwhile, the 24x7
mil-base tank-battalion cannon-fire (boom) explains why the rent is low
where I am (its loud enough to be heard near Austin, 45mi away):

http://www.kvue.com/news/local/fort-hood-spacex-performing-exercises-loud-boom-heard-in-georgetown/442797283
 ...  many social media users speculated about SpaceX ( spacex.com ) --
remembering a 2013 incident, where two nitrogen-filled tanks that were
over-pressurized ruptured at the private space company's McGregor [TX]
location ... ( /ot )


(EV-related)
Speaking of spacex ... local tv news broadcasted:

http://spectrumlocalnews.com/tx/austin/news/2018/02/06/spacex-launches-big-new-rocket--lands-2-boosters

 (ot ... which was quickly out-done by being followed by:

https://www.google.com/search?q=girl+scout+cookies+dispensary
 kid sold 312-boxes/6hrs to ca potheads ... /ot )

At first I thought the phrase
... the car ...
 (instead of saying it was an EV)
 was on purpose by the station. But further digging ...

https://www.huffingtonpost.com/entry/spacex-falcon-heavy-launch_us_5a79b3c6e4b00f94fe9560f3?ncid=inblnkushpmg00000009
Elon Musk Sends Electric Car Into Space Aboard World's Most Powerful Rocket
2018/02/06  WASHINGTON — SpaceX made history Tuesday afternoon when it
successfully …

http://www.mynews13.com/content/news/cfnews13/news/article.html/content/news/articles/cfn/2018/2/6/photos_huge_anticipa.html
 ... flight sends Tesla Roadster into space ...

https://www.space.com/39604-spacex-falcon-heavy-rocket-test-flight-webcast.html
[flash  video]

http://www.spacex.com/webcast
(Heavy Animation)


 ... it seems the pr copy given/made available to the media by spacex used
the phrase  'the car'  rather than promoting Tesla EVs.
?I suppose that is by Musk's thinking to not associate them together?


Listed below are some more news items found searching  spacex tesla roadster

See Views of SpaceX's Starman Riding a Tesla Roadster in Space!
Space.com-7 hours ago
Update for Feb. 7: SpaceX's live webcast of the Tesla Roadster and its
Starman mannequin lasted for just over four hours after the Falcon Heavy's
launch on Tuesday, Feb. 6. But you can see that full video stream here in
the window above, courtesy of SpaceX. The Roadster and Starman now headed
for ...

Here's the last shot SpaceX got of Elon Musk's Tesla Roadster and ...
Business Insider-2 hours ago

Why Does the Tesla Look So Fake in Space? We Asked a Chemist
Featured-Live Science-4 hours ago

SpaceX oddity: how Elon Musk sent a car towards Mars
In-Depth-The Guardian-16 hours ago

Commentary: What Elon Musk's sports car in space says about us ...
Opinion-Channel NewsAsia-21 hours ago

Elon Musk Does it Again
Blog-Scientific American (blog)-9 hours ago

Here's why it says 'DON'T PANIC!' on the dashboard of the car Elon ...
Business Insider-13 hours ago

NOW WATCH: Watch SpaceX launch a Tesla Roadster to Mars on the Falcon Heavy
rocket — and why it matters. Error loading player: No playable sources
found. More: Falcon Heavy launch SpaceX Elon Musk spacex launch · facebook ·
linkedin · twitter; email; print

SpaceX streams video of Tesla Roadster floating through space
Reuters.com-Feb 6, 2018

Elon Musk's cherry red Tesla Roadster automobile floats through space after
it was carried there by SpaceX's Falcon Heavy, the rocket company said.
Rough Cut (no reporter narration).

Falcon Heavy launch: SpaceX all set to take Tesla Roadster to Mars ...
Economic Times-Feb 6, 2018

SpaceX's Falcon Heavy rocket is poised to blast off Tuesday afternoon (local
time) from Florida's Kennedy Space Center. It's the long-awaited test flight
the rocket. Once it soars, it will become the world's most powerful rocket
in use today. The Heavy is equipped with three boosters and 27 engines
designed ...

Radiation Will Tear Elon Musk's Rocket Car to Bits in a Year
Live Science-Feb 6, 2018
There's a "midnight cherry" Tesla Roadster hurtling toward deep space right
now, the first-ever payload of the Falcon Heavy rocket. It's worth asking
why this is happening, and Live Science has. But given that it is happening,
it's also worth asking what is going to happen to this electric sportscar
condemned ...

PHOTOS: Huge anticipation for SpaceX's Falcon Heavy test flight
Central Florida News 13-Feb 6, 2018
A preview video was released on Monday night, with Musk himself envisioning
to play in his mind as the Falcon Heavy launches into orbit bringing with it
the heaviest payload SpaceX has ever launched. It is equipped with Musk's
own personal cherry red Tesla Roadster electric car, which will be launched
...

SpaceX Launches Isaac Asimov's "Foundation" Books Into Deep ...
Inverse-11 hours ago
If future interplanetary human colonists, living beyond Earth, need some
reading material, Elon Musk's Tesla Roadster could turn out to be a
message-in-a-bottle style library. In addition to the spacesuited dummy
driver “Starman,” SpaceX revealed the space-bound Roadster also includes a
copy of three of ...


% IMO as an EVangel, it was a missed EV promotioon opportunity %




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 http://evdl.org/archive/


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(ot) Tesla spoof : (an EV promotion opportunity missed)

Electric Vehicle Discussion List mailing list
This is definitely (off da/the heezy/hook) ot.
Conan spoofs the spacex launch with:

teamcoco.com/video/conan-puts-a-mars-bar-in-nikola-tesla
Conan Puts A Mars Bar In Nikola Tesla @ TeamCoco.com
CONAN 11/10c. Conan Puts A Mars Bar In Nikola Tesla.
February 08, 2018  "SpaceX sent a Tesla into space on a path towards Mars,
but we don't have that kind of budget ... "

 or

https://www.youtube.com/watch?v=sAHvKvtQIDw
Conan Puts A Mars Bar In Nikola Tesla - CONAN on TBS
37,660 views Team Coco Feb 8, 2018
SpaceX sent a Tesla into space on a path towards Mars, but we don’t have
that kind of budget.

 96 Comments: ...
Trinidad Botello 2 days ago
I wonder if this sketch was written, by the writers of "Nut Spoon"? [
 https://www.youtube.com/watch?v=G8EEJXKhtZA
 Crew Demand A Better Nut Spoon ]
...
neurofire 1 day ago
Conan makes even 'stupid' funny. Consistently brilliant.
...
Daniel Mbaabu 1 day ago
this was so worth it.
...
DJ SkipFUNK 1 day ago
I like how Andy just ate the Mars bar. Funny guy
...
Gabe Spiro 14 hours ago
It's silliness like this that makes me love Conan
...
BH Low 1 day ago
One small nibble for Tesla, one huge bite for mankind.
...
Sipriano Rosalez 1 day ago
i Knew if anyone could Find Tesla Alive and well , it would be Conan.
...
Xhodan Xeus 6 hours ago
Fan Correction: That is not how you do the Heimlich Maneuver :-P (Fun Fact
'heimlich' in German means 'secretly')
...
Bohdan Lvov 19 hours ago
IT'S NOT RED, IT'S MIDNIGHT CHERRY!
...
NARKISDUDE 1 day ago
To stupidity and beyond!
...




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 http://evdl.org/archive/


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(ot) roadster crash w/ Earth ... : (an EV promotion ...

Electric Vehicle Discussion List mailing list
In reply to this post by Electric Vehicle Discussion List mailing list
(more found on this, mentions Tesla)

https://www.express.co.uk/news/science/921093/spacex-tesla-roadster-space-position-starman-crash-earth-elon-musk
SpaceX warning: Will Elon Musk’s Tesla Roadster CRASH into Earth by 2020?
Feb 19, 2018  SPACEX’S Tesla Roadster spacecraft and its Starman pilot
threaten to barrel towards Earth as they complete their “billion year” orbit
of the sun. But will Elon Musk’s car drift towards our planet anytime soon?
The sports car speeding through space could come close to crossing paths
with Earth again towards the end of 2020 it has been revealed. The
cherry-red electric Tesla Roadster, which blasted off into Space on February
6 onboard the Falcon Heavy rocket, is still soaring near to Earth. But in
April this year the Roadster will ...
https://cdn.images.express.co.uk/img/dynamic/151/590x/secondary/spacex-tesla-roadster-space-position-starman-crash-earth-elon-musk-1239396.jpg




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Sending an electric bakkie into space is Tesla's marketing ...

Electric Vehicle Discussion List mailing list


http://www.wheels24.co.za/News/Gear_and_Tech/sending-a-car-to-space-electric-bakkie-is-teslas-marketing-as-effective-in-production-20180307
Sending a car to space, electric bakkie... is Tesla's marketing as effective
in production?
2018-03-07  Isabelle Chaboud, Professeur associé d’analyse financière,
d’audit et de risk management, Grenoble École de Management (GEM)

[video
https://youtu.be/wbSwFU6tY1c
Falcon Heavy Test Flight  / (SpaceX)
]

San Francisco - Elon Musk is the undisputed champion of communication. Day
after day announcements keep coming to reassure investors and the financial
markets. In Tesla’s 2016 annual report, Musk stated that the company would
produce 500 000 vehicles in 2018. In November 2017, he unveiled the Semi
Tesla, a fully electric semitrailer that generated significant interest and
orders. And on February 6, 2018, he sent a car into space.

Behind Musk’s magic tricks, what is the reality? Is the marketing genius as
effective in production? And where are the fundamentals of the Tesla group?

Far-reaching communication

The president and founder of Tesla and SpaceX, Elon Musk completed a master
stroke by using the February launch of SpaceX’s Falcon Heavy to put a red
Tesla Roadster in space. It even had a driver, a mannequin called “Starman”.
It was a beautifully orchestrated operation, and the video shows images of
the Earth below, with David Bowie’s “Space Oddity” playing in the
background.

The stunt made headlines around the world, and was one of the most
far-reaching advertising messages ever – and was enough to distract
investors from the fact that Tesla’s financial situation is far from
idyllic.

An undisputed champion of marketing and a mythical character, Elon Musk is
making people believe their dreams can become true. Not only does he make
the company’s current and potential customers dream, but he also makes the
financial markets dream. By taking the analysts and investors with him, Musk
has been able to propel Tesla’s share price to great heights. Introduced to
the stock market in June 2010 at $17, Tesla’s shares reached $352.05 on
February 23, 2018, an increase of 1 970%.

Tesla’s capitalisation exceeds that of Ford and GM

With a price of around $299 per share at the beginning of April 2017, Tesla
Motors’ market capitalisation reached $48.2 billion and was ahead of Ford
Motor Company on April 3, 2017. In early May 2017, Tesla’s market
capitalisation reached $52.6 billion, surpassing General Motors’ by $1
billion.

Since then, the stock price (judged at the highest point) has continued to
rise, reaching a market capitalisation of $59.4 billion on February 23,
2018, more than double that of Renault-Nissan (25.4 billion euros, and the
world’s largest automaker by sales volume and more than General Motors
($57.4 billion) and Ford Motor Company ($41.7 billion) as of February 23,
2018.

Yet Tesla has so far sold far fewer cars than Ford, General Motors and
Renault-Nissan, and has accumulated losses since its inception. So what
elements justify such enthusiasm on the part of investors? While the
company’s tremendous growth prospects and position as the sole builder of
100% electric vehicles in the world undoubtedly contribute to the appetite
of investors, emotional factors seems to be the key drivers. It’s Elon Musk
who leads the dance – charismatic, iconoclastic, innovative and driven by
his wildest dreams.

A new concept of transport

The California-based automaker Tesla was founded in 2003 by Martin Eberhard
and Marc Tarpenning, and has been successful in attracting customers to the
concept of a high-performance, fully electric car with that’s simple to use
despite being extremely complex. The company initially focused on luxury
models with the Model S and Model X, costing nearly $100,000 each. Since
then Elon Musk has worked to expand its offerings with the more affordable
Model 3, with a starting price of $35,000.

Musk’s marketing genius lies above all in his ability to unite clients
around a new concept: driving differently, being eco-responsible and
participating in the fight against pollution. Despite the hype, however,
Teslas may not be as green as you might think. The question of the vehicles’
limited range also remains to be solved.

Beyond dreams, myths, what about reality?

Production difficulties

Despite Musk’s announcements and the promises of record numbers, Tesla is
facing serious production problems that are causing delivery delays and
pushing up inventories. In a June 3, 2017 article titled “Elon Musk: Tesla
factory injuries ‘break my heart’ ”, Business Insider revealed that the
workplace accident rate at Tesla’s Fremont production site were higher than
the industry average in 2014 and 2015. In a January 4, 2018, article in the
_Washington Post, “Why are you even reading that Tesla announcement?,
Bloomberg’s Liam Denning laid out how Tesla has not kept its promises in
terms of production.

Production figures are constantly being revised downward and fewer than
25,000 vehicles were produced in the last quarter of 2017. The level of
vehicle production has remained virtually stable between the last quarter of
2016 and the last quarter of 2017. Musk announced in early November 2017 a
weekly production of 5,000 units of Model 3, this was revised down to 2,500
units per week for the 1st quarter of 2018. And in the last quarter of 2017
only 2,425 units were produced, according to Denning.

In a press release issued on February 7, 2018, Tesla’s management
acknowledges the production difficulties and delays, especially with the
Model 3. However, it indicated that Tesla wants to use state-of-the-art
robots to become "the best automaker”.

Fragile fundamentals

Tesla’s financial statements reveal that the company’s fundamentals are far
from solid. The group’s debt (total financial debts/shareholders’ equity)
reached 200% in 2016 (including resale value guarantees) and its net debt –
(total financial debt less cash and cash equivalents)/shareholders’ equity –
rose to 129%.

In other words, Tesla had more debt than funds. However, there was a debt
reduction in 2016 following two share capital increases: one to finance
additional investments for the launch of its Model 3 electric sedan and
another for the acquisition of SolarCity in November 2016.

Total debt (total debt/equity) is a staggering 352%, meaning that Tesla’s
debts represented more than 3.5 times its equity in 2016. Add to that, Tesla
has only posted losses since its inception. At the end of 2016, cumulative
losses were close to $3 billion, despite a turnover of $7 billion in 2016,
up 73% from 2015.

Beyond the losses, another worrying issue concerns the company’s operating
cash flow. Although the situation improved significantly between 2015 and
2016, from a negative operating cash flow of $524 million to a negative
operating cash flow of $124 million, Tesla has yet to post a positive
operating cash flow at year end.

Admittedly, the group had a positive cash position on its balance sheet of
$3.4 billion at the end of 2016, but when we analyse this balance in detail,
it is clear that Tesla’s liquidity comes only from external financing (debts
or issuance of shares). This is a crucial point to follow, as Tesla needs
significant amounts of cash to cover investments in its Fremont plant and
Gigafactory 1 and 2, continue with Supercharger installations, support its
R&D efforts (around 11.7% of total revenues) and accelerate production (in
particular the Model 3).

Cash flow that isn’t

In a Fortune article “Why Tesla’s cash crunch may be worse than you think”,
Shawn Tully warns that starting in the fourth quarter of 2015, Tesla would
have added cash received from banks for leased vehicles with a resale value
guarantee to its operating cash flow. This practice would have improved
Tesla’s operating cash flow when in fact cash was not generated from
operations but from a bank loan, distorting its true operating cash
position.

The final results for 2017 have been filed and the group announced on
February 7, 2018 that despite the increase in total revenue of 55% (organic
growth) from 2016 to $11.8 billion to the end of 2017, Tesla experienced a
net loss of $1.96 billion (compared to a loss of $675 million in 2016).

This loss was caused by production difficulties on the Model 3, unexpected
start-up and other operating costs, and financial expenses of almost $500
million. Indebtedness jumped again with a total debt-to-equity ratio of
543%. In other words, Tesla’s debts now represent more than five times its
funds.

Despite fragile fundamentals and significant cash requirements, it seems
that the dream of Tesla and its growth prospects continue to attract
investors. They certainly see Tesla’s massive efforts in R&D and large-scale
projects are a clear path to becoming the car manufacturer of the future.

The ConversationMusk, who reacted to the launch of Falcon Heavy by saying
“Crazy things can come true”, embodies this vision. While he can seduce the
crowds with conviction, let’s not forget that he owns almost 20% of Tesla’s
share capital and that it’s crucial for him to maintain the support of the
financial markets. It remains to be seen if his announcements will continue
to persuade those who finance his company – and in so doing, maintain its
share price above $300 and keep the “Tesla bubble” from bursting.
[© wheels24.co.za  24.com]
...
https://en.wiktionary.org/wiki/bakkie
Borrowed from Afrikaans bakkie, from dialectal Dutch bakkie, from bak (“a
tough/cool car”, slang)
https://dictionary.cambridge.org/dictionary/english/bakkie
...
https://theconversation.com/elon-musk-and-tesla-a-magician-in-space-92541
(the original article)


http://electric-vehicle-discussion-list.413529.n4.nabble.com/template/NamlServlet.jtp?macro=search_page&node=413529&query=starman&sort=date
More from an evdl search on  starman




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Re: Sending an electric bakkie into space is Tesla's marketing ...

Electric Vehicle Discussion List mailing list
FYI, "bakkie" comes from the Dutch word "bak" since the South Afrikaner language stems from the settlers from The Netherlands, hundreds of years ago.
"Bak" means container (or bin, tub, vessel, manger, trough, vat, holder) but can be use used (often derogatory) as a slang word for car.
It has many other (slang) uses, such as a jail/prison, a racket or joke and can also refer to a cup of coffee in the form "bakkie".
That has nothing to do with the title of the article though, it is simply the slang version of the official "bakje" which is a small "bak".
Dutch places "je" after a noun to make it a small person/item/place or to make it cute.
So, "bakkie" in the title is slang for a small or cute car.

Cor.

-----Original Message-----
From: EV [mailto:[hidden email]] On Behalf Of brucedp5 via EV
Sent: Wednesday, March 07, 2018 9:27 AM
To: [hidden email]
Cc: brucedp5
Subject: [EVDL] Sending an electric bakkie into space is Tesla's marketing ...



http://www.wheels24.co.za/News/Gear_and_Tech/sending-a-car-to-space-electric-bakkie-is-teslas-marketing-as-effective-in-production-20180307
Sending a car to space, electric bakkie... is Tesla's marketing as effective in production?
2018-03-07  Isabelle Chaboud, Professeur associé d’analyse financière, d’audit et de risk management, Grenoble École de Management (GEM)

[video
https://youtu.be/wbSwFU6tY1c
Falcon Heavy Test Flight  / (SpaceX)
]

San Francisco - Elon Musk is the undisputed champion of communication. Day after day announcements keep coming to reassure investors and the financial markets. In Tesla’s 2016 annual report, Musk stated that the company would produce 500 000 vehicles in 2018. In November 2017, he unveiled the Semi Tesla, a fully electric semitrailer that generated significant interest and orders. And on February 6, 2018, he sent a car into space.

Behind Musk’s magic tricks, what is the reality? Is the marketing genius as effective in production? And where are the fundamentals of the Tesla group?

Far-reaching communication

The president and founder of Tesla and SpaceX, Elon Musk completed a master stroke by using the February launch of SpaceX’s Falcon Heavy to put a red Tesla Roadster in space. It even had a driver, a mannequin called “Starman”.
It was a beautifully orchestrated operation, and the video shows images of the Earth below, with David Bowie’s “Space Oddity” playing in the background.

The stunt made headlines around the world, and was one of the most far-reaching advertising messages ever – and was enough to distract investors from the fact that Tesla’s financial situation is far from idyllic.

An undisputed champion of marketing and a mythical character, Elon Musk is making people believe their dreams can become true. Not only does he make the company’s current and potential customers dream, but he also makes the financial markets dream. By taking the analysts and investors with him, Musk has been able to propel Tesla’s share price to great heights. Introduced to the stock market in June 2010 at $17, Tesla’s shares reached $352.05 on February 23, 2018, an increase of 1 970%.

Tesla’s capitalisation exceeds that of Ford and GM

With a price of around $299 per share at the beginning of April 2017, Tesla Motors’ market capitalisation reached $48.2 billion and was ahead of Ford Motor Company on April 3, 2017. In early May 2017, Tesla’s market capitalisation reached $52.6 billion, surpassing General Motors’ by $1 billion.

Since then, the stock price (judged at the highest point) has continued to rise, reaching a market capitalisation of $59.4 billion on February 23, 2018, more than double that of Renault-Nissan (25.4 billion euros, and the world’s largest automaker by sales volume and more than General Motors
($57.4 billion) and Ford Motor Company ($41.7 billion) as of February 23, 2018.

Yet Tesla has so far sold far fewer cars than Ford, General Motors and Renault-Nissan, and has accumulated losses since its inception. So what elements justify such enthusiasm on the part of investors? While the company’s tremendous growth prospects and position as the sole builder of 100% electric vehicles in the world undoubtedly contribute to the appetite of investors, emotional factors seems to be the key drivers. It’s Elon Musk who leads the dance – charismatic, iconoclastic, innovative and driven by his wildest dreams.

A new concept of transport

The California-based automaker Tesla was founded in 2003 by Martin Eberhard and Marc Tarpenning, and has been successful in attracting customers to the concept of a high-performance, fully electric car with that’s simple to use despite being extremely complex. The company initially focused on luxury models with the Model S and Model X, costing nearly $100,000 each. Since then Elon Musk has worked to expand its offerings with the more affordable Model 3, with a starting price of $35,000.

Musk’s marketing genius lies above all in his ability to unite clients around a new concept: driving differently, being eco-responsible and participating in the fight against pollution. Despite the hype, however, Teslas may not be as green as you might think. The question of the vehicles’
limited range also remains to be solved.

Beyond dreams, myths, what about reality?

Production difficulties

Despite Musk’s announcements and the promises of record numbers, Tesla is facing serious production problems that are causing delivery delays and pushing up inventories. In a June 3, 2017 article titled “Elon Musk: Tesla factory injuries ‘break my heart’ ”, Business Insider revealed that the workplace accident rate at Tesla’s Fremont production site were higher than the industry average in 2014 and 2015. In a January 4, 2018, article in the _Washington Post, “Why are you even reading that Tesla announcement?, Bloomberg’s Liam Denning laid out how Tesla has not kept its promises in terms of production.

Production figures are constantly being revised downward and fewer than
25,000 vehicles were produced in the last quarter of 2017. The level of vehicle production has remained virtually stable between the last quarter of
2016 and the last quarter of 2017. Musk announced in early November 2017 a weekly production of 5,000 units of Model 3, this was revised down to 2,500 units per week for the 1st quarter of 2018. And in the last quarter of 2017 only 2,425 units were produced, according to Denning.

In a press release issued on February 7, 2018, Tesla’s management acknowledges the production difficulties and delays, especially with the Model 3. However, it indicated that Tesla wants to use state-of-the-art robots to become "the best automaker”.

Fragile fundamentals

Tesla’s financial statements reveal that the company’s fundamentals are far from solid. The group’s debt (total financial debts/shareholders’ equity) reached 200% in 2016 (including resale value guarantees) and its net debt – (total financial debt less cash and cash equivalents)/shareholders’ equity – rose to 129%.

In other words, Tesla had more debt than funds. However, there was a debt reduction in 2016 following two share capital increases: one to finance additional investments for the launch of its Model 3 electric sedan and another for the acquisition of SolarCity in November 2016.

Total debt (total debt/equity) is a staggering 352%, meaning that Tesla’s debts represented more than 3.5 times its equity in 2016. Add to that, Tesla has only posted losses since its inception. At the end of 2016, cumulative losses were close to $3 billion, despite a turnover of $7 billion in 2016, up 73% from 2015.

Beyond the losses, another worrying issue concerns the company’s operating cash flow. Although the situation improved significantly between 2015 and 2016, from a negative operating cash flow of $524 million to a negative operating cash flow of $124 million, Tesla has yet to post a positive operating cash flow at year end.

Admittedly, the group had a positive cash position on its balance sheet of
$3.4 billion at the end of 2016, but when we analyse this balance in detail, it is clear that Tesla’s liquidity comes only from external financing (debts or issuance of shares). This is a crucial point to follow, as Tesla needs significant amounts of cash to cover investments in its Fremont plant and Gigafactory 1 and 2, continue with Supercharger installations, support its R&D efforts (around 11.7% of total revenues) and accelerate production (in particular the Model 3).

Cash flow that isn’t

In a Fortune article “Why Tesla’s cash crunch may be worse than you think”, Shawn Tully warns that starting in the fourth quarter of 2015, Tesla would have added cash received from banks for leased vehicles with a resale value guarantee to its operating cash flow. This practice would have improved Tesla’s operating cash flow when in fact cash was not generated from operations but from a bank loan, distorting its true operating cash position.

The final results for 2017 have been filed and the group announced on February 7, 2018 that despite the increase in total revenue of 55% (organic
growth) from 2016 to $11.8 billion to the end of 2017, Tesla experienced a net loss of $1.96 billion (compared to a loss of $675 million in 2016).

This loss was caused by production difficulties on the Model 3, unexpected start-up and other operating costs, and financial expenses of almost $500 million. Indebtedness jumped again with a total debt-to-equity ratio of 543%. In other words, Tesla’s debts now represent more than five times its funds.

Despite fragile fundamentals and significant cash requirements, it seems that the dream of Tesla and its growth prospects continue to attract investors. They certainly see Tesla’s massive efforts in R&D and large-scale projects are a clear path to becoming the car manufacturer of the future.

The ConversationMusk, who reacted to the launch of Falcon Heavy by saying “Crazy things can come true”, embodies this vision. While he can seduce the crowds with conviction, let’s not forget that he owns almost 20% of Tesla’s share capital and that it’s crucial for him to maintain the support of the financial markets. It remains to be seen if his announcements will continue to persuade those who finance his company – and in so doing, maintain its share price above $300 and keep the “Tesla bubble” from bursting.
[© wheels24.co.za  24.com]
...
https://en.wiktionary.org/wiki/bakkie
Borrowed from Afrikaans bakkie, from dialectal Dutch bakkie, from bak (“a tough/cool car”, slang) https://dictionary.cambridge.org/dictionary/english/bakkie
...
https://theconversation.com/elon-musk-and-tesla-a-magician-in-space-92541
(the original article)


http://electric-vehicle-discussion-list.413529.n4.nabble.com/template/NamlServlet.jtp?macro=search_page&node=413529&query=starman&sort=date
More from an evdl search on  starman




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Astronomer.cz photos Musk's EV in Mars orbit: e-bakkie into space= Tesla marketing

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https://bobrtimes.com/czech-astronomer-photographed-a-tesla-electric-car-in-orbit/13780/
Czech astronomer photographed a Tesla electric car in orbit
March 10, 2018  The “Tesla among the stars” has been awarded the national
prize “the Czech astrophotography of the month” for February 2018. Thanks to
Majek had more information about the position and the velocity of the remote
satellite. The electric vehicle was launched into orbit on a rocket, the
Falcon Heavy, which launched from ...
...
https://technet.idnes.cz/musk-tesla-falcon-9-martin-masek-fotografie-astronom-f9g-/tec_vesmir.aspx?c=A180306_074011_tec_vesmir_kuz
Český astronom vyfotil Muskův elektromobil na oběžné dráze
6. března 2018
[image
https://1gr.cz/fotky/idnes/18/031/cl6/KUZ71c824_P201803050698601.jpg
]




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Musk explains why he launched his e-bakkie roadster toward Mars: Tesla marketing

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