Professor Elam

Thursday April  25, 2019

Tesla has burned through more than $1.5 B in cash so far in 2019.

One of the TSLA bulls declares it the worst debacle he has seen in 20 years, uh no that was Lehman or PGE recently.

I have been suspect of Musk and TSLA all along. Everyone tells me he will make it with electric cars as he does so well with outer space. Those are two totally different enterprises.

And now most large European cities have passed zero emissions laws taking effect by  2025 This means the real car companies are now serious about electric cars. Dan Neil at WSJ recently announced Kia's electric SUV was better than the Chevy Bolt, and both can be bought now for about $37 K, a figure Musk has yet to match.

And with no dealers and scarce parts, it is hard to see how this start up will make it competing with the GMs, VWs, BMWs of the world.