Tesla Topples GM As Most Valuable US Automaker - Can We Say We Told You So?

And I have some prime swampland in Florida I would like to sell you...

@HenryN you're such an easily triggered snowflake. It's funny watching you take the bait again and again and again.

Hey Bob, your tune on Tesla subsidies is getting tiresome. For a change, look at the list of federal subsidies from another view (link below) - there are different ways to slice the subsidy pig:

http://www.cheatsheet.com/business/high-on-the-hog-the-top-8-corporate-welfare-recipients.html/?a=viewall

Note the " 'Murican Big 3" are all up there.


How about another list: https://www.thebalance.com/government-subsidies-definition-farm-oil-export-etc-3305788

I could go on and on, but then it would be very tiresome.

Go sit Matt! Let the adults talk.

@HenryN You must have been that kid on the playground that got beaten regularly for being a pathetic whiner. It's all coming into focus now.

Elon is all about the swindle. He's trying to create something worthless in reality that appears magnificent outwardly. He's going to dump Tesla before it can implode on him. GM should buy Tesla for the name and co-brand it with Cadillac in bespoke stores. The increase in quality--for the Teslas--would be most welcome.

GM and "quality" in the same sentence/paragraph ? That's oxymoron - or is it just moron ?

@Aspy11, @HenryN doesn't believe in facts like high warranty incidence rates on Teslas or their shocking lack of quality control or their component failures.

More reliable than any other car I have owned, including Lexus.

And the words of a Tesla employee invalidate the public record.

@MDarringer wrote: "@HenryN doesn't believe in facts" - not so fast chump. I don't recall mentioning or even implying quality in Tesla car - I don't have any direct experience to make such a claim.

But since you mentioned facts, and GM quality is the topic, how about some facts: 9/9/2016 GM recalls 4.2M cars and trucks for software defect (not related to Takata airbag problem) - http://fortune.com/2016/09/09/gm-recall-software/

But the mother of all GM fuck ups must be the ignition switch that caused 124 deaths, untold injuries and recall of 30 million vehicles worldwide - a scandal over a period of 14 years that took a bankruptcy and billions of tax payer money to fix.

https://en.wikipedia.org/wiki/General_Motors_ignition_switch_recalls
http://www.npr.org/2014/03/31/297158876/timeline-a-history-of-gms-ignition-switch-defect

Yeah, how's that for "GM QUALITY"

Meanwhile....GM is like, "meh". Let Tesla introduce & educate these folks on EV tech for both the luxury & mainstream sectors. When these "cheaper" EV models get to consumers, then Tesla will really feel what it's like to be a real automaker.

HenryM, read up on CR incidence of repair. When Tesla has to start producing in real volume, not niche, we will see how Tesla quality holds up.

I don't yet have personal experience with Tesla car, but had plenty with GM (pre-80's Skylark, Gen3 Z28, C6 Z51). Those cars were fun, but quality wasn't their strong suit.

Ha, that would be the stupidest bet of all time. They are one of only 2 US car companies that have never been bankrupt. They have $3B in the bank and the Model 3 deliveries begin in July. Are you smoking crack or are you just shorting Tesla? Highly recommend you short Tesla, Henry and I would be very appreciative of that.

For a car company, $3B in the bank is not robust.

Tesla must be running out of cash from that $400 million dollar interest free loan they got from those 400,000 beta testers who put deposits down on his vaporware Model 3.

Sorry guys, you have made the "Tesla is running out of cash" statement hundreds of times. It may have been true in 2006, but they have $3B in the bank today and hundreds of thousands of cars that are effectively sold and just need to be built. Not a bad position to be in.

And Apple has the highest market capitalization of any company in the world. Draw your own conclusions as to what market capitalization means... aside from just Number_of_outstanding_shares x Last_traded_price_per_share.

Personally, I believe Apple's share are bid up because there are enough people who believe they can make a tidy profit when they sell their shares. And that's true, so long as there are enough believers. Ditto with Tesla. Except Apple has billions in cash reserves and is immensely profitable, while Tesla goes to capital markets for cash, and operates at a loss.

As long as there are enough believers, Tesla stock will continue to climb.

Recently cashed out some of the *REAL* gains on Tesla. Thanks so much to the Tesla shorts - whoever you are on this board - your donations are appreciated.

No, I don't think Autospies can say it since they have been more on the naysayer side by far... but I can say it. "I told you so." I just did not expect it to happen this year.

I'll also say I think they will break $20 billion in revenue for 2018 (they have $16 billion in preorders right now, S and X will still be selling, solar roof will be live, and grid storage is growing rapidly).

SanJoseDriver: Please do continue to hang around. Perhaps you can get some of your "I told you so's" back... with interest.