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#517369 - 12/06/18 10:36 PM Elon cuts 3,000 jobs.
+8Rich Offline

Member of the Inner Circle

Registered: 15/12/09
Posts: 16205
Loc: Devon UK

Tesla man has got the axe swinging in an attempt to turn a profit after 15 years of not doing so, watch this space I think he would be delighted to sell it off to one of the large global VM's.

https://www.bbc.co.uk/news/business-44458264
_________________________
Richard
1999 Indigo +8






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#517398 - 13/06/18 09:09 AM Re: Elon cuts 3,000 jobs. [Re: +8Rich]
Stewart S Offline
Wave & smile... It's a Morgan
Needs to Get Out More!

Registered: 14/06/14
Posts: 9077
Loc: Lancashire, England
Originally Posted By +8Rich

Tesla man has got the axe swinging in an attempt to turn a profit after 15 years of not doing so, watch this space I think he would be delighted to sell it off to one of the large global VM's.

https://www.bbc.co.uk/news/business-44458264


I think the large VM’s will probably wait for it to go bust

Still loosing $6,500 a minute

Paying the interest off the large debt will cripple them, investors nervous, share price shortened by a quarter

I don’t think it looks good

Maybe Trump will step in and keep it going to save jobs and quality American manufacturing and technology with government money
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#517400 - 13/06/18 09:11 AM Re: Elon cuts 3,000 jobs. [Re: +8Rich]
Stewart S Offline
Wave & smile... It's a Morgan
Needs to Get Out More!

Registered: 14/06/14
Posts: 9077
Loc: Lancashire, England
Then again if he can post even the slightest operating profit in the next year, it will soar in value and investors will pile in
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2008 “Morgan Blue” (according to Charles M in July’s issue of MOG) 3 Litre, 4 Seater

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#517410 - 13/06/18 10:54 AM Re: Elon cuts 3,000 jobs. [Re: Stewart S]
+8Rich Offline

Member of the Inner Circle

Registered: 15/12/09
Posts: 16205
Loc: Devon UK
Originally Posted By Stewart S
Then again if he can post even the slightest operating profit in the next year, it will soar in value and investors will pile in


That's the sort of game I imagine him to be playing and then sell it off as a complete battery manufacturing unit and cars to a major.

He normally does the unpredictable so I'm not holding my breath - I like his style though.
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1999 Indigo +8






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#517423 - 13/06/18 12:33 PM Re: Elon cuts 3,000 jobs. [Re: +8Rich]
deano Online   happy

Charter Member

Registered: 12/02/12
Posts: 5093
Loc: Taunton
With all of the major car manufacturers now snapping at his heels, i am not sure the future is too bright for Tesla
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#517431 - 13/06/18 01:44 PM Re: Elon cuts 3,000 jobs. [Re: +8Rich]
+8Rich Offline

Member of the Inner Circle

Registered: 15/12/09
Posts: 16205
Loc: Devon UK
It does make you wonder I hope he doesn't get burnt, he was exceptionally brave in producing the first desirable long distance all electric cruiser.
_________________________
Richard
1999 Indigo +8






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#517498 - 13/06/18 07:38 PM Re: Elon cuts 3,000 jobs. [Re: +8Rich]
Lord Sward Offline
Learner Plates Off!

Registered: 14/05/14
Posts: 374
Loc: Grim North
I did say, bust by July.

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#517506 - 13/06/18 08:21 PM Re: Elon cuts 3,000 jobs. [Re: +8Rich]
+8Rich Offline

Member of the Inner Circle

Registered: 15/12/09
Posts: 16205
Loc: Devon UK
You did It'll be interesting watching this unfold, he's a wily one that Elon wink
_________________________
Richard
1999 Indigo +8






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#517513 - 13/06/18 08:34 PM Re: Elon cuts 3,000 jobs. [Re: Stewart S]
howard Offline
Talk Morgan Addict

Registered: 01/01/09
Posts: 3689
Originally Posted By Stewart S
Originally Posted By +8Rich

Tesla man has got the axe swinging in an attempt to turn a profit after 15 years of not doing so, watch this space I think he would be delighted to sell it off to one of the large global VM's.

https://www.bbc.co.uk/news/business-44458264


I think the large VM’s will probably wait for it to go bust

Still loosing $6,500 a minute

Paying the interest off the large debt will cripple them, investors nervous, share price shortened by a quarter

I don’t think it looks good

Maybe Trump will step in and keep it going to save jobs and quality American manufacturing and technology with government money


Regain did something similar with Hardly Ableson

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#517520 - 13/06/18 09:22 PM Re: Elon cuts 3,000 jobs. [Re: howard]
+8Rich Offline

Member of the Inner Circle

Registered: 15/12/09
Posts: 16205
Loc: Devon UK
Originally Posted By howard
Originally Posted By Stewart S
Originally Posted By +8Rich

Tesla man has got the axe swinging in an attempt to turn a profit after 15 years of not doing so, watch this space I think he would be delighted to sell it off to one of the large global VM's.

https://www.bbc.co.uk/news/business-44458264


I think the large VM’s will probably wait for it to go bust

Still loosing $6,500 a minute

Paying the interest off the large debt will cripple them, investors nervous, share price shortened by a quarter

I don’t think it looks good

Maybe Trump will step in and keep it going to save jobs and quality American manufacturing and technology with government money


Regain did something similar with Hardly Ableson


Did it work, are they truly independent now I wonder ?
_________________________
Richard
1999 Indigo +8






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