I guess some folks haven’t been paying attention to the lackluster (politically correct way of saying epic-failure-to-date) of performance of Tesla Motors as they gobbled up shares of the all-electric car makers IPO on Tuesday.
Love the idea, but the execution/management thus far has been soft and the infrastructure changes required to make this technology mainstream are enormous. Next real opportunity to see these on the street en masse: Chevy Volt.
Telling quote from this story: PayPal founder Elon Musk’s seven-year old auto company lost $55.7 million last year and $260.7 million since its inception. The company has performed so poorly from a financial standpoint that Musk recently said he lost his entire personal fortune on Tesla.
Enough said.
(Fast fwd to 2014 and it looks like my prediction was a total fail. Tesla is winning)
Tesla: Greatness Unrealized
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