Tag Archives: Teslas cars

The Tesla Tale And Global Warming–Brrr

If Alice had an automobile to cruise around in Wonderland there is no doubt her vehicle of choice would have been a Tesla or the Queen may have imposed it on her because it promoted pixie dust production.    It just posted a profit the last quarter.  Of course that is an accounting profit and doesn’t reflect the payments to become due on its debts.  It does have some debts to the tune of hundreds of millions and grants also thanks to the lead court Jester, Monsieur Al Gore.  Of course it didn’t make any profits for any quarter since it went public in 2010 but hey, cash on cash they did collect more than they spent last quarter.   Mr. Musk says he is proud that Tesla is leading the electric car revolution.  His words, not mine.  Of course it is easier to lead a revolution with other people’s money and bodies.   The profit is an outcome of political connection over genius.  Let’s dig a little deeper into this story of American enterprise.  (Forget the foreign manufacturing and involvement for the moment)

They book their profits when the cars are shipped not when the cash its the bank account but some folks d0 that.  They tout that they have 15,000 orders.   Ok, there are over 150 million autos in the US so that is….what percent?  You figure it however you want.   Of course they get the kicker to sales by offering taxpayer funded 7500 dollar checks to each purchaser as a tax credit because it is a favored industry product by the central planners in DC.   So for their 60,000 dollar model the buyer gets over 10% back from Uncle Sam.  Don’t you wish you could get that for you Ford 150?   But wait there’s more.  They have stopped offering a smaller battery pack.  It only allowed a range of 160 miles compared to the 23o mile claim for the 60kwh battery.  Hey, they are going to give you the larger battery for the same price but they will program the computer system so you get only the 160 mile range unless you pay for an upgrade.   I wonder what the New York Times reporter thinks of the claims for mileage range?     But it gets even better.

They reported that 10% of gross revenues came from selling pollution tax credits.  That is gross revenue, not profits.  Even if their cars are terrible and they can get some celebrities to buy a few then they can always hope for a profit from selling tax credits.   But it all is for a good cause to save us from ourselves.  At least their news isn’t as grim as that for Fisker, which just laid off several hundred more US workers and is still in hiding about why those 15 cars blew up and burned during the Sandy flooding while they were just sitting there.   And the Street reports they have now engaged the workout/Chapter 11 lawyers.  But again those hundreds of millions was for the Cause.

Our historic and home grown version of crony capitalism is bad enough without having to endure socialist crony capitalism.    Of course the sop to the great unwashed out there is to win the war of global warming and this auto kerfuffle is just the ticket we are told.

The latest headline on Global Warming?   Well, it wasn’t a headline, you had to look pretty thoroughly to find the news.  The global temperature has in fact NOT increased for the last 20 years.  Even Hansen, yes, that Hansen, of the IPCC and the UN has conceded that fact.  He of the leaked emails revealing his non- scientific approach to controlling the public information about the research so it promoted the global warming alarmists agenda.   He now blames it on the Chinese and all their coal plants.  Those emissions have cooled the planet he says.  Others of his conclave have admitted that the recent data do not conform to their models.  Garbage in, garbage out.  Of particular interest is that this news was taken public in one of the greenest of the green countries–Australia.    It wasn’t Fox news or Drudge.   Likewise they Global alarmist have also finally agreed that the Antarctic sea ice is increasing substantially while the Arctic has retreated in the last few years resulting it no real net change to the sea volumes and thus those threatened floods of coastal areas.

If those doing the research would just give us the facts, the raw data and not treat us like blithering idiots.  They have that damn “you just don’t understand” attitude that they and only they have intelligence.  If it is really as true as they say then the actual results of research will support their conclusions.  Don’t give us the conclusions and treat those as facts.  If they are right, show us, don’t lecture us.

So grab a Tesla.  Al needs the money.  And they probably have a great heater that will protect you from those Chinese induced bitter winters.   Of course with the heater going full blast you might only make it to the nearest 7-11 and back.

“The United States is not a nation of people which in the long run allows itself to be pushed around.”   Dorothy Thompson, American journalist.  Hope that is still true. http://www.olcranky.wordpress.com


Filed under business, Economics, Global Warming, government, Politics