Has Elon Musk gone Mad or is he a Genius ? Time will tell, I’m sure of that but for now we investors are left to speculate. I am in the Mad Man camp but I also know that it takes a little bit of oddness to change the world but seriously his latest announcement has me totally confused.
Telsa’s latest and greatest idea ? Semi Tractor Tucks and Pick up trucks? What kind of battery will it take to power a 18 wheeled truck pulling large loads over long distances? Telsa is to reveal its semi truck in September of 2017 In a follow up tweet he announced a pickup truck would be announced in about 18 to 24 months. In a world where Telsa is yet to make any sort of profit and would most assuredly be completely out of business if it were not for government incentives for “Green” products this does not make sense to me at all.
Don’t get me wrong, I am not anti Telsa, although I do believe some of his followers are “Cult” like, I do wish to see Telsa succeed. Telsa continues to make new stock issues that dilute the current shareholders to fund his outrageous projects. I am puzzled though that the shareholders never seem to mind and continue to plow hard earned money into the stock. I just don’t see the logic in truck drivers and trucking companies paying outrageous sums of money for an electric truck. Even if the price is on par with other trucks there are still too many obstacles for me. Truck drivers make money by driving as many miles a day as they can. Stopping to find truck charging stations every 150 to 200 hundred miles sounds like a major hurdle to me.
I’m not alone – Here are some comments I’ve read on the internet:
“This is ponzi scheme. They fund current losses with capital raises for future projects.”
“Just to be clear, we’re talking about an “18-wheeler” semi, right? How big of a battery would something that size need carrying a heavy load? I’m sure a lot of truckers want to worry about finding charging stations and charging for an hour every 150 (doubt it’s this high) miles? Anything to dodge the fact that AP 2.0 and the model 3 are late to market, S and X sales are flat, and solar is a financial loser”
“A semi-truck when all the current products are bleeding profusely.ROFL”
As for me, I wish those of you that believe in Telsa and Elon Musk the very best but I will stay far away from this company. I am from the old fashion camp that believes a company should at least have the ability to generate income before investing in it.
What do you think ? Is Elon Musk insane or a Genius or just perhaps a Con Man?
Share your thoughts and comments below !