Tesla RAMPS Up Its Hiring — Adds MORE Showroom Sales + Delivery Staff As Model 3 Sales Get Boosted

Tesla doesn't need more sales help in its stores - it already has a backlog of tens of thousands of Model 3s with people that have been patiently waiting for them after having given them a no interest loan.

Tesla obviously has NO interest in actually producing these cars - because they cannot do so profitably -= but openly snubbing the waiting people without returning their money with interest is not a good thing for Tesla either.

I suspect this is damage control from the "going private" fiasco. Now Elon the Con acts like business is booming to keep stock prices from plunging. The feeling is that going private was an attempt to avoid bankruptcy. That had to cause jitters. Imagine the lawsuit on that. He inadvertently could have sunk the ship so now he has to act like it can still float.

The next few quarters will be extremely revealing about the company's health, its investors and Musk himself. Though I haven't looked into it the one area not talked about which can be a real issue/problem in these types of cases is the underlying accounting methods used. Despite all the regulations, controls and audits games can be played to make the financial picture look better than it really is. Not saying it is or will be a problem...just concerned it might be.

GREAT NEWS FOR AMERICAN JOBS. Looks like Made-in-America Tesla is producing cars that Americans actually want and need... and now providing American jobs in the process. Looks like Elon Musk is really the one Making America Great.

A small edit. "Rich American's want". The lowest current sale price for a Model 3 is well above the average new car sale in the USA. Unlike Henry Ford who priced his cars so his workers could buy them, Elon is focused on sales to the wealthy and may never be able to produce vehicles for the common man including the folks in Fremont who put them together.

As if we needed more reasons not to buy a Tesla.

While I kinda feel bad for this guy...he's a fool for keeping his Tesla. If Musk can't fix the 'under warranty' Tesla's, how can there be resources (i.e. labor and know-how) allocated to "old" ones?

I guess Tesla is like Apple in the way you just need to get a new one every 18 to 36 months. Try using your iPhone from 2013 - it just won't work and its not 'fixable' either.

Because there are now more Tesla's on the road, the "Tesla Resale Con Job" (where Tesla props up resale value) is about to come cratering down to earth.

Tesla used valuations are about to exhibit the same dynamics of Nissan Leaf's (i.e. product where supply exceeds demand). The supply-demand curve is going to revert in the other direction unexptectedly soon.

Three/+ year old Model S' and X' will soon by the in the $30,000 - $40,000 range as 'new' sales completely dry up and there is much less demand for them.

Once Model 3's get out there in quantity - depreciation will revert to that of ordinary cars where it loses 50% of value in the first 36 months. Maybe Tesla will just sell deposit holders of the $35,000 model spec, $35,000 two year old Model 3's? Makes sense!

#Enron2.0

#AnotherNailInTheCoffin