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dan emery
Joined: 11 Jan 2004
Posts: 6890
Location: Maine2/14/15 12:36 PM |
Dialing my broker now...
Wait, I don't have a broker...
Actually I'd love to jump in, but I'm afraid I'm already "overweighted" in bicycles.
I will say that my niece's boyfriend is in B-School, and just went on a school sponsored trip to China/Taiwan, where one of the places they visited was the Giant factory. He said the CEO (or whatever) was an avid cyclist who did some pretty interesting riding.
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ErikS
Joined: 19 May 2005
Posts: 8337
Location: Slowing boiling over in the steamy south, Global Warming is real2/14/15 3:34 PM |
Real tip.
Tesla Motors.
Currently building plants in a number of places in the US, to include a huge domestic battery plant in NM. Will be selling a UTE next year along with a projected <30K car for the masses.
They are not showing a profit right now because they are building an entirely new industry from the ground up so they are dumping into the infrastructure and plants. The company is Henry Ford when he first started out. Unlike other car makers who have old properties that keep being repurposed Tesla is starting from scratch. Given time the company could rule the electric car market. If they don't already.
about $10 a share right now.
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stan
Joined: 14 Feb 2004
Posts: 467
2/14/15 10:02 PM |
A similar story came out a year and half ago. I don't think the bike industry financials has really changed for better or worse since then. I would save my investment money for something big in the future like legalized pot or organic vodka
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JohnC
Joined: 10 Jan 2004
Posts: 1939
Location: Glastonbury, Ct2/14/15 11:42 PM |
Erik, the Tesla battery plant is being being built in Nevada, not New Mexico. It will make more batteries at that site than all the car battery plants in the world now. The Nevada legislature came up with about a billion dollars in tax incentives over 20 years, and it's still probably a good deal for the state.
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Dave B
Joined: 10 Jan 2004
Posts: 4511
Location: Pittsburgh, PA2/15/15 8:33 AM |
Tesla?
I'd be wary of Tesla. The only reason they are making money now is from the sale of CAFE credits to other auto makers. When that income dries up their ability to be profitable is very questionable. That <$30K car "for the masses" is still a pipe dream.
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ErikS
Joined: 19 May 2005
Posts: 8337
Location: Slowing boiling over in the steamy south, Global Warming is real2/15/15 8:59 AM |
johnc
my bad. I misremembered the article. :0
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Smunderdog
Joined: 13 Jan 2004
Posts: 611
Location: Indianapolis, IN2/15/15 5:05 PM |
$10 a share? It closed at just over $200 on Friday...
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ErikS
Joined: 19 May 2005
Posts: 8337
Location: Slowing boiling over in the steamy south, Global Warming is real2/15/15 6:08 PM |
Jeez, I need to lay off the rum when I read on the net......
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dddd
Joined: 11 Jan 2004
Posts: 3345
Location: NorCal2/17/15 10:27 PM |
I see the future success of Tesla mostly in how they compete with imported electric cars in the future, with exchange rates and labor compensation weighing heavily.
How much, how long will the US govt fund leading-edge battery development?
Will the future economy sustain such grants?
Overseas car makers are studying every model Tesla rolls out.
Tesla's success and eventual profitability might also have big up-and-down swings with any energy supply/price fluctuations that might occur.
Just back from tacos and Coronas myself, so don't take any of this speculation too seriously.
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