Fool + Money = Soon Parted (via Tesla)

Posted: June 30, 2010 in Uncategorized

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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