Cooking The Books? Analyst Says Tesla Might Be Sitting On A Stockpile Of Unsold Cars

No one wants those Toyota Camry-wannabe cars that look like....Camrys.

The only ones who praise this piece of crap company is just the Americans. I mean, look at the U.S., the European Space Agency has now landed on a comet, something no one could've done in the past, not even NASA. And this is right now something that the Europeans are celebrating hugely, actually, the whole world is.

Germany wins the World Cup, making Europe the first continent to win 3 consecutive wins in World Cup.

The German automobiles are something that super rich people of the world lust after. And not just their automobiles, their yachts also.

And it seems as though Europe sees nothing but sky as their limit.

And yet, here we are, the Americans are still struggling to live day by day (Since there are no jobs), since the U.S. is almost as good as an ordinary South American country nowadays. If there was no New York City, the U.S. probably wouldn't even be considered as a developed country anymore.

The U.S. has no clue what innovation even means anymore, so they keep trying to support this guy named Elon Musk, so that the U.S. might one day, be able to challenge the Europeans.

But to be honest? The gap is already too wide. It is already too late to bring America back.

Just like how the rich Americans see the European luxury brands as their own gods.

And the biggest celebrities of America are Kim Kardashian or Paris Hilton. That really shows a lot about the education level of the average Americans in general.

Man, your pro-Europe propaganda is gag-inducing. And they say Americans are blinkered.

Pro-Europe propaganda? What are you talking about? There is nothing pro about my comment. My comment, as an American, is all about jealousy towards the mighty Europe. Because let's face it, America has lost everything, and Europe has gained everything.

We all Americans should be jealous of Europe, otherwise, how can the U.S. ever progress? If anything, my comment is an Anti-Europe propaganda.

All your comments smack of it. Why not base your statements on more than hyperbole.

http://www.eetimes.com/document.asp?doc_id=1262035

http://www.euractiv.com/innovation-enterprise/europe-lags-us-japan-innovation-news-510673

http://www.cnbc.com/id/101301385

Unfortunately, you have done practically "nothing" but just supporting my argument.

First link is about the European survey, and the Europeans are usually negative about their own continent. This is a good sign, as it boosts their morale. On the other hand, the Americans are happy with their under-funded infrastructure within the country, with absolutely mediocre automobile brands that just can not compete anywhere in the world. Not to mention more and more U.S. companies are fleeing to Europe or Canada. If you think the Europeans saying "Oh, America is doing better" means the U.S. is "actually" doing better in reality, then I have to say, now you just proved to me yourself "why" America is failing. And the Europeans don't know it.

"The fact is, here in Europe, we have many great success stories – but we are not telling them. There are so many talented people working to make their ideas a reality. So many innovations and innovators."

This is true. The Europeans don't really tell, when the Americans praise anything even their garbage. This is the difference.

Because if the U.S. and China were leading so badly, I wonder why they can't make a single car that can appeal to many people?

This is because, America and China can do amazing only on "paper".

And apparently like 222max proved to me, the Americans are happy doing great only on "paper" that no one even cares about in reality. Sad :'(

But thank you, 222max, for proving my point even further. Now I can see how sad and pathetic America is even more now :'(

It's like saying "Oh hey look! America is doing great because Europeans say we are the best!! WOOHOO!! America = No. 1!!"

And then you look at GM's ignition problems, Chrysler's Made in China level junk cars, and Ford's deceptive mpg numbers.

But the Americans go "Oh, who cares?? America No. 1!! We don't need proof! We don't need anything! We are America oh yaaa!! Cadillac is selling tons everywhere in the world, even doing better than Rolls-Royce!!"

But in reality, the Americans live in a dream land. It's sad, but true. It's like, that is the only way for the Americans to be happy. Like just keep telling yourself that you are so good, when you completely don't have anything in real life.

Thank you, 222max, for enlightening me :'(

http://www2.technologyreview.com/blog/guest/page59/

One big problem is getting enough capital together to demonstrate and build untested technology. I reached Joseph Sussman, a professor of civil and environmental engineering at MIT just before the announcement today. He noted that the U.S. hasn’t even been able to build proven high-speed technology. “We’re behind the Japanese, the French, and everyone else. Given our inability to put together the package to do high-speed rail, which is proven technology, it’s hard to see how a chancy solution—given that it’s never been implemented—would fare,” he says.

222max, honestly, is there anything America is good at? :'(

My goodness, is there really anything America is good at :(!

http://www.bloomberg.com/news/2014-10-15/crumbling-u-s-fix-seen-with-global-trillions-of-dollars.html

“It’s an enduring irony that the U.S., allegedly the home of innovation, is absolutely block-headed and backwards in this one respect,” former Indiana Governor Mitch Daniels, now the president of Purdue University in West Lafayette, Indiana, said in an interview. “America needs the upgrade and modernization of our infrastructure, and I don’t think you’ll get there if you keep excluding, or at least discouraging, private capital.”

222max, now educate yourself. Without criticizing, there is absolutely no such thing as "development" nor "progress".

But like you are, 222max, most Americans are happy with them doing amazing just on a friggin "survey". A surrrrrrvvvveeeeeeeeeeeeyyyyy (LOL)

And it's not just infrastructure, is it? Automobiles of America are total unreliable junk that use 1990's technologies, and pretty much in every possible way, the U.S. is backwards.

Europe has won everything (And Europe is not going to admit it. This makes Europe appear even greater), and America has lost everything.

But it's ok. Americans will be happy, as long as people say America is doing great on a surrrrrrrrrrrrrrrrvvvveeeeeeeeyyyyyy (LOL!!)

Man, I don't know you but you just pecked out a crap load of stuff that only makes you look even more extremist, unreasonable, and ridiculous than before.

222max, I guess that is all you can say, right?

I know. It is not really a good feeling to accept the truth that you do not wish to accept.

But what can I say.

Yup...even after setting the ranting above aside, it appears that this may be the beginning of the end for Tesla.

Everybody who wanted one, has bought one. Most of those people who did buy one, used it as their "third" or "fourth" car, as its utility is limited. They are moving onto the next thing.

The next thing to look for is the gradual collapse of used Tesla residuals. The next thing after that will be the "out of warranty" issues that will start to crop up as the Model S's are 3-4 year old and stuff starts to break. Question - if the screen on my MacBook air lasts about 2 years and its only "on" when I'm using my computer, how long will the "jumbo-tron" front and center on the Tesla's dash last? What will it cost to replace? $4,000 bucks is my guess.

Get ready for the death spiral.

It costs $4000 to replace the Head unit in a Toyota Highlander (my friend found out the hard way). The screen in the Tesla has to be way more.

Interesting, I hope they are sitting on a stockpile of cars...if so I will gladly take a couple of them off their hands. Jdmusmucle clearly has a bias... We like what we like.
I like the model s...I just can't get one now. As far as that article goes, well I'm a car guy who used to be an investment guy and all I will say is don't believe everything you read. We all have biases. Nothing has been proven.
T

Great book entitled "Crossing the Chasm" is a must read for Elon. A great many new startups fail despite what looks like early success. The issue is they run out of early adopters who will buy anything, run out of money/people to provide funds, and cannot cross the time gap to get to the product versions and infrastructure that will be purchased in volume by the masses where rapid profitable growth occurs. A fast #2 often enters the market at that point and creates and fills mass market needs. Henry Ford didn't invent the auto. He figured out how to make one at a price the masses could afford. Some auto company will purchase Tesla after it's value crashes and then use a few valuable pieces to create viable alternative. MY bet is hybrids will be the long term winner.

Tesla...dishonest? Never! *rolled eyes + sarcasm*

JDM, it's one crazy rant after another with you. I sometimes wonder if you are clever student making up nutty stuff to get a reaction or more likely just plain nuts. One day you are saying the Camry and Corolla are the greatest cars on the planet and Europe sucks and now you're saying Europe is great and the US sucks at everything. The standard economic measure of a society is GDP, GDP growth and the unemployment rate. In this case the US is miles ahead of Europe which is now falling back into a second recession and suffers from high unemployment and low growth. Don't get me wrong, Europe makes great cars and I've got 4 German cars now. But car companies are only one measure of a countries innovation.

I think Tesla cars are great. They are innovative by many measures and have great style. I just wish they were cheaper and I'd add one to my fleet.

And that is why you are not really smart enough to even "argue". GDP is the standard to measure everything? Amazing, is that why GDP of the EU "surpasses" the U.S.? And China is right now the second biggest, so I guess that makes China one of the greatest developed countries in the world? Your way of thinking is way backwards, and you are nothing but a living proof that the U.S. is declining.

McDonald's, Microsoft and the major oil companies of this country and such major U.S. corporations are bringing all the profits into this country, and practically the U.S. in general is very poor.

And I am making stuff up? Let's see.

http://www.nytimes.com/2014/04/23/upshot/the-american-middle-class-is-no-longer-the-worlds-richest.html?_r=0&abt=0002&abg=0

"The American middle class, long the most affluent in the world, has lost that distinction.

While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades."

Go cry me a river, child. And I am making stuff up, right? Why don't you go take a look at the links I posted here, if you are even "brave" enough to take a look at them Tsk Tsk Tsk

And I guess you did not hear anything about the comet stuff. Oh, what can I say, just because you can not accept the truth doesn't mean everyone else should stay ignorant. But you should stay ignorant Tsk Tsk Tsk

By the way, Bob, I wonder myself why you owned 4 German cars? Ever thought of owning an "American" car for once before you made your decision on purchasing 4 German cars? I mean, to show your petty "patriotism"? Tsk Tsk Tsk

At least I have purchased the American vehicles (Escalade and a GMC) to show my support in the past, and am willing to do so in the future again.

But oh hey, I guess you are so much better than owning an American car, right? Tsk Tsk Tsk Oh irony

I don't think Tesla cars are particularly innovative. The battery tech is about the most impressive thing on them and even that is something that has progressed over decades of electronic devices. Nothing in the MS is really extraordinary, just components borrowed from other industries and jammed into a car.

Anyone with a brain knows that Tesla doesn't tell the truth. To lie is part of their marketing strategy. They are very selective with what they say and how they say to avoid outright lying while still not telling the truth. At this point, the company has reached the saturation point for its MS in the U.S. and is closing in on the same thing in Europe. There just isn't that much demand for a $90,000 dollar EV that gets 250 mi of range before it needs to be recharged. The novelty seeks and "eco-narcissists" have got their cars and now there isn't a customer base left.

Except demand is actually up and sales are up. But sure, ignore the facts. The market for 70k+ priced cars is actually pretty big and there are new people entering the mix with introduction of AWD, the high performance and the auto pilot.

Tesla is not sitting on any cars. Tesla builds cars on order, so the cars are in transit. China and Australia can take over a month to get through customs.

By the way, Forbes has already proven the Merrill Lynch analyses as BS.

http://www.forbes.com/sites/markrogowsky/2014/11/14/merrill-vs-musk-taking-apart-the-brokerages-takedown-of-tesla/