Man blows up his Tesla

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Tuomas Katainen destroyed his 2013 Tesla Model S with 66 lbs. of dynamite — and the explosive event was documented in a viral YouTube video.

Tesla Owner Decides to Blow Up His Car with Dynamite When Faced with $22,000 Repair Bil

boom GIF
 
$22,000 repair bill. Hahaha That's more than the car was worth if the battery was still good!

I read somewhere that Tesla was the most valuable car company in the world. I also read they had never reported a profit before last year. They sold less than a million vehicles worldwide. By comparison, Ford sells over 4 million vehicles worldwide each year.

Can anyone explain this? Why would a company that only reported a profit in one year of production and that delivered less than a 1/4 of the products that Ford Motor Company did, be the most valuable car company in the world? It makes no sense. The bubble will burst and soon the company will have to answer to their shareholders.
 
Bayou Tiger said:
$22,000 repair bill. Hahaha That's more than the car was worth if the battery was still good!

I read somewhere that Tesla was the most valuable car company in the world. I also read they had never reported a profit before last year. They sold less than a million vehicles worldwide. By comparison, Ford sells over 4 million vehicles worldwide each year.

Can anyone explain this? Why would a company that only reported a profit in one year of production and that delivered less than a 1/4 of the products that Ford Motor Company did, be the most valuable car company in the world? It makes no sense. The bubble will burst and soon the company will have to answer to their shareholders.
Click to expand...
It's called hype.
 
Bayou Tiger said:
$22,000 repair bill. Hahaha That's more than the car was worth if the battery was still good!

I read somewhere that Tesla was the most valuable car company in the world. I also read they had never reported a profit before last year. They sold less than a million vehicles worldwide. By comparison, Ford sells over 4 million vehicles worldwide each year.

Can anyone explain this? Why would a company that only reported a profit in one year of production and that delivered less than a 1/4 of the products that Ford Motor Company did, be the most valuable car company in the world? It makes no sense. The bubble will burst and soon the company will have to answer to their shareholders.
Click to expand...
Whoever said the market was logical? And besides, you can lose money selling 4 million vehicles a year. Ask GM.
 
Bayou Tiger said:
$22,000 repair bill. Hahaha That's more than the car was worth if the battery was still good!

I read somewhere that Tesla was the most valuable car company in the world. I also read they had never reported a profit before last year. They sold less than a million vehicles worldwide. By comparison, Ford sells over 4 million vehicles worldwide each year.

Can anyone explain this? Why would a company that only reported a profit in one year of production and that delivered less than a 1/4 of the products that Ford Motor Company did, be the most valuable car company in the world? It makes no sense. The bubble will burst and soon the company will have to answer to their shareholders.
Click to expand...

Most likely propped up by government "green" subsidies.

Remember all the solar companies that went bust even though the govt had given them $billions in subsidies?
 
Red_Alert said:
Most likely propped up by government "green" subsidies.

Remember all the solar companies that went bust even though the govt had given them $billions in subsidies?
Click to expand...
DC Solar ended a NASCAR team when they couldn’t pay their sponsorship payments they agreed to
 
Illustrious Potentate said:
DC Solar ended a NASCAR team when they couldn’t pay their sponsorship payments they agreed to
Click to expand...

Yep. Best way to scam the feds in the 2000's and 2010's was to call yourself a 'solar company' and rake in the grant subsidies.

CEO's and their VP's walked away with $millions after those companies went bankrupt.
 
Red_Alert said:
Yep. Best way to scam the feds in the 2000's and 2010's was to call yourself a 'solar company' and rake in the grant subsidies.

CEO's and their VP's walked away with $millions after those companies went bankrupt.
Click to expand...
Don't get me started about wasting taxpayer money.
 
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