Quote:
Originally Posted by Nlkko
Actually you can take that order book/list to banks and PE firms and get capital loan.... That's a fact I would invite you to research and confirm it yourself. This is why this guy (Elon Musk) PR skill is next level. People raving about Steve Jobs and his marketing prowess, Elon is up there with him and he doesn't even speak fluent English.
Your argument about people withdrawing their orders based on these assumptions:
1. They can't afford RE.
2. They don't own any RE already.
3. They can't afford a 35k USD car.
4. They are the average Joes.
And to your comment on FB. FB is presently one of the best growth prospects in the Tech sector. Any portfolio manager don't have FB deserve to get fired. It was a great prospect when it IPO, it is a great prospect now.
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the 3 was suppose to be a mass market car..for the average joe. In the US it makes sense, 35k car, less at least 7k in rebates from Fed/State programs and now you are at Honda Civic levels. That's pretty affordable... in the US.
But what about globally? what about in Canada? what about in GVRD? A $60,000 car is only affordable to part of the population... A true mass market car is like a Honda Civic (what do they start at 20-25k for base model?)...As much as I love Tesla, it's a lot of hype right now... but only time will tell.
And this is no different from FB because, when it IPO'ed there was so much hype, then a week or so later, it tanked below IPO and it took several weeks/months to stabilize. When people realize they have given Elon a 2 year interest free loan for $1000usd or use it to fund a trip to Disney with the kids.... minds will change. Unless of course you are retired after selling your South Van home for 2mil above asking.
And to your point on getting loans, maybe they will get 25% of the value of the PO, but definitely no where close to say 80-100%.