Tesla Motors

Never trust a man who pays cock tax twice to the same woman

Elon Musk pays a lot of cock tax

Elon Musk pays a lot of cock tax

Elon Musk must be really dopey, I mean really dopey. Sure he’s worth billions but he has paid cock tax twice to the same woman.?On top of that, he has five kids to a previous wife.

That is a great deal of cock tax.

So, one must be wary of someone who has paid cock tax to the same woman twice and to another woman.

Another warning sign is if his business is built upon subsidies, hope, prayers and good luck.

ELON MUSK, a serial Silicon Valley entrepreneur, has become one of the most famous tycoons in America. He builds electric cars, launches rockets and installs solar panels. And he dreams bigger than almost anyone else, with plans to populate Mars and create a ?hyperloop? that would allow high-speed travel along America?s west coast. But lately concerns have been raised about his finances. A plan to merge Tesla, Mr Musk?s car firm, with SolarCity, his struggling energy company, is controversial on Wall Street. Jim Chanos, a hedge-fund manager who helped rumble Enron, says Mr Musk is in financial trouble. Far from conquering planets, some fear that Mr Musk has become like Icarus, who flew too close to the sun. Can his empire stand the heat? ?? Read more »

It’s a pretty fine line between nuts and genius

And I think Elon Musk has now crossed over that line:

Tesla and SpaceX CEO Elon Musk claimed that there is only a ?one in billions? chance we are?not living in a Matrix-style computer simulation at Recode?s annual Code Conference this week.

?The strongest argument for us being in a simulation probably is the following: Forty years ago we had Pong. Like two rectangles and a dot. That was what games were,? said Musk.

 

Now, 40 years later we have photorealistic, 3D simulations with millions of people playing simultaneously, and it?s getting better every year. Soon we?ll have virtual reality, augmented reality.

If you assume any rate of improvement at all, then the games will become indistinguishable from reality, even if that rate of advancement drops by a thousand from what it is now. Then you just say, okay, let?s imagine it?s 10,000 years in the future, which is nothing on the evolutionary scale.

So given that we?re clearly on a trajectory to have games that are indistinguishable from reality, and those games could be played on any set-top box or on a PC or whatever, and there would probably be billions of such computers or set-top boxes, it would seem to follow that the odds we?re in base reality is one in billions. ? Read more »

The crony capitalism of electric cars

Eric Peters discusses the crony capitalism of Elon Musk:

If Elon Musk?s various projects are so fabulous, why do they all need government ?help??

Musk will tell you all about the virtues of his Tesla cars. They are sleek and speedy. This is true. But they are also very expensive (the least expensive model, the pending Model X, will reportedly start around $35K, about the same price as a luxury sedan like the Lexus ES350).

The real problem with Tesla cars is that no one actually buys them. Well, not directly.

Their manufacture is heavily subsidized ? and their sale is heavily subsidized. Either way, the taxpayer is the one who gets the bill.

On the manufacturing end, Tesla got $1.3 billion in special ?incentives? from the state of Nevada to build its battery factory there. This includes an exemption from having to pay any property taxes for the next 20 years. Another inducement was $195 million in transferable tax credits, which Tesla could sell for cash. California provides similar incentives, including $15 million to ?create jobs? in the state.

Tesla does not make money by selling cars, either. It makes money by selling ?carbon credits? to real car companies that make functionally and economically viable vehicles that can and do sell on the merits ? but which are not ?zero emissions? vehicles, as the electric Tesla is claimed to be.

Laws in nine states require each car company selling cars in the state to sell a certain number of ?zero emissions? vehicles, else be fined. Since only electric cars qualify under the law as ?zero emissions? vehicles ? and the majority of cars made by the real car companies are not electric cars ? they end up having to ?purchase? these ?carbon credits? from Tesla, subsidizing Tesla?s operations.

The amount Tesla has ?earned? this way is in the neighborhood of $517 million.

Read more »

Billion in subsidies to Tesla, the biggest corporate bludgers in the world

Any business that relies on corporate welfare and subsidies for its customers is no business at all. The shame is that Elon Musk has gotten wealthy off the back of billions of subsidies.

Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.

And he’s built those companies with the help of billions in government subsidies.

Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.

“He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”

Read more »

Are Elon Musk’s cars really going to save the planet?

Bjorn Lomborg says no:

As Elon Musk presented the new Tesla 3, a fawning press announced that the ?world-changing car? could ?dominate? the market. Within days, 276,000 people had put down $1,000 to pre-order the car.

But the Model 3 doesn?t exist yet. There is no final production version, much less any production. Musk is ?fairly confident? that deliveries could start by the end of 2017. But?running on schedule isn?t Tesla?s strong suit. Meanwhile, Tesla?s current best-seller has been?plagued by quality problems.

All of this might just be another iPhone vs Galaxy conversation ? except that these vehicles are hailed as green saviours and so are subsidised to the tune of billions of pounds.

Before?unveiling the car, Musk sanctimoniously declared that Tesla exists to give the planet a sustainable future. He pointed to rising CO? levels. He lamented that 53,000 people die from air pollution from transportation. Tesla, the story goes, is a lifesaver. Like other electric cars, it has ?zero emissions? of air pollution and CO?.

But this is only true of the car itself; the electricity powering it is often produced with coal, which means that the clean car is responsible for heavy air pollution. As green venture capitalist Vinod Khosla likes to?point out, ?electric cars are coal-powered cars?.

If the USA had 10 per cent more petrol cars by 2020, air pollution would claim 870 more lives. A similar increase in electric ones would?cause 1,617 more deaths a year, mostly because of the coal burned.

Read more »

His cock tax bill just got larger

Elon Musk is tweeting up a storm, increasing the value of his company and also the cock tax he is going to have to pay to his ex-wife:

Elon Musk, the billionaire technology entrepreneur, has announced a “major” new Tesla product line that is “not a car”, in a cryptic tweet which has left millions guessing.

The CEO’s news sparked the hashtag #TeslaNewProductGuesses, with guesses ranging from a time machine to a real-life Iron Man suit.

Shares in the electric car jumped to nearly 4 percent in just 10 minutes ? adding a staggering $900 million (?600 million) to the company?s market cap in just 115 characters. The tweet went out to his 1.9 million followers and had thousands of retweets within an hour. ? Read more »

Well, the Tesla is just too boring

Watch a Tesla Model S being made

Gay Car review knocks $100m of Tesla’s value

Gay car maker Tesla has had $100M knocked from their market capitalisation:

?NEVER pick a fight with someone who buys ink by the barrel,? Mark Twain famously warned. The question is whether that wisdom holds true in the digital age, particularly when the guy picking the fight has a seemingly unlimited supply of electrons.

What?s clear is that Elon Musk is not someone to readily brook criticism. A few years back, for instance, the co-founder of PayPal, an online payment service, and, more recently, the founder of Tesla Motors, a maker of battery-powered cars, went to war with the?BBC?over a story on the cheeky Top Gear, a wildly popular car show. He ultimately lost.

What?s not clear is who came out on top in Mr Musk?s latest media brawl. This one pitted him against one of the world?s most powerful and influential newspapers, the?New York Times. Last month it ran?a report?by John Broder that detailed his drive from Washington, DC, to Boston in one of the carmaker?s new Model S sedans. What seemed to have short-circuited Mr Musk was a shot showing the electric vehicle being loaded onto a flatbed truck after running out of juice. ? Read more »

Gay cars and their dirty little secrets

From proper cars to gay cars now.

It is certainly no secret that I hate electric cars and the?sanctimonious?creeps that drive them. Now people are starting to wake up to the dirty little secrets these gay cars have:

Electric cars are promoted as the chic harbinger of an environmentally benign future. Ads assure us of “zero emissions,” and President Obama has promised a million on the road by 2015. With sales for 2012 coming in at about 50,000, that million-car figure is a pipe dream. Consumers remain wary of the cars’ limited range, higher price and the logistics of battery-charging. But for those who do own an electric car, at least there is the consolation that it’s truly green, right? Not really.

For proponents such as the actor and activist Leonardo DiCaprio, the main argument is that their electric cars?whether it’s a $100,000 Fisker Karma (Mr. DiCaprio’s ride) or a $28,000 Nissan Leaf?don’t contribute to global warming. And, sure, electric cars don’t emit carbon-dioxide on the road. But the energy used for their manufacture and continual battery charges certainly does?far more than most people realize.

A 2012 comprehensive life-cycle analysis in Journal of Industrial Ecology shows that almost half the lifetime carbon-dioxide emissions from an electric car come from the energy used to produce the car, especially the battery. The mining of lithium, for instance, is a less than green activity. By contrast, the manufacture of a gas-powered car accounts for 17% of its lifetime carbon-dioxide emissions. When an electric car rolls off the production line, it has already been responsible for 30,000 pounds of carbon-dioxide emission. The amount for making a conventional car: 14,000 pounds.? Read more »

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