[vc_row][vc_column][vc_column_text]Elon Musk Tesla Motors SCAM dissected SEC must Intervene. It is true, that Elon Musk is considered by many, the crowd, a true visionary, but in our view, he is just an individual destroying taxpayers good money with $4.9 billion in government support.
According to the Times, Tesla alone received $2.3 billion – and that was last year.
Musk’s companies make electric cars, sell solar panels and launch rockets into space. But none of them make any money. And these past weeks, as The Wall Street Journal pointed out, Musk has seen his publicity sour.
It has been a rough two weeks for auto maker Tesla Motors Inc.’s ambitions in developing and deploying new technology. First was Tesla’s proposal to buy solar-panel manufacturer SolarCity Corp., largely panned by analysts and investors.
Then, it was revealed that a Tesla Model S in self-driving mode was involved in a fatal crash on May 7. The common thread between the two is Tesla’s chief executive, Elon Musk, who pushes boundaries, sometimes to the breaking point.
The proposed takeover fueled concern about self-dealing. The crash renews questions about whether Mr. Musk’s reach may exceed his grasp—and that he is pushing beyond reasonable risk. After all, Musk issued a secondary making an arrangement with Goldman Sachs for an upgrade to $250 while he was dumping on shareholders. This happened while an American died “testing” autopilot which is a beta feature included in Tesla’s cars.
To make it even worse Elon Musk bailed out his own family and himself announcing the most absurd deal of 2016 between Tesla Motors and SolarCity while he put a price target of $1 trillion dollars on the merger!
This is a pure SCAM being comparable to Bill Ackman on Valeant as the next Berkshire Hathaway. It’s imperative the SEC investigates Elon Musk, the bank responsible for the secondary and Musk’s family.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]NEWS: Oh God they are buying Tesla SCAM ahead of the crash[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_video link=”https://vimeo.com/173975110″][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
Tesla Quietly Kills Car Buyback Program As Probes Reporter Reveals Undisclosed SEC Investigation
While much of the recent public attention surrounding Tesla has focused on the car’s self-driving or “autopilot” feature, which was implicated in the May 7 deadly crash and has resulted in a NHTSA probe as well as a potential SEC inquiry into whether the company misled investors by not reporting the death at the time of Tesla’s May equity offering, the real problems facing Tesla is not so much whether its cars are safe but the increasingly evident lack of demand at any price point.
Last month, Tesla cut the base price of its Model S sedan to $66,000; this happens at a time when Tesla has missed its sales targets in the first two quarters this year. Then earlier today, Musk also added a lower-priced version of its Model X crossover. The new Tesla Model X 60D is priced from $74,000, $9,000 less than the Model X 75D. Equipped with a 60kWh battery,
But the real sign that Tesla is concerned about flailing demand for its cars came later in the day, when Tesla said it had discontinued its resale value guarantee program that assured buyers that cars would retain value over time.
As Reuters adds, the discontinuation of the buyback program, as of July 1, shows the company stepping back on a pledge begun in 2013 that Tesla would buy back its cars financed through specified loan partners for a predetermined resale value after three years. The program was intended to help Tesla control its secondary market and assure buyers that cars would retain value.
This means that used Tesla values are dropping faster than the company had expected in its worst case scenario, and as a result it can no longer afford to fill the gap. With this program ending, demand for new vehicles is set to slump even more as concerns about resale prices emerge.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]NEWS: Elon Musk Tesla Motors Ultra Secret Masterplan Revealed [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][ultimate_heading main_heading=”Proof Elon Musk Dishonesty” alignment=”left”][/ultimate_heading][ultimate_spacer height=”20″][vc_video link=”https://vimeo.com/174594640″][/vc_column][/vc_row]