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Elon Musk Promises 100,000 Electric Cars Per Year
Dave Knott sends this news from the CBC:
Tesla stock was up five per cent on Friday morning after CEO Elon Musk said the electric-car company would deliver 100,000 vehicles next year. Its earnings report released Thursday shows Tesla continues to operate at a loss as it spends on engineering and setting up an assembly line for its Model X SUV, which is scheduled to go into production early next year. But investors were cheered by the news that the company would deliver 100,000 vehicles next year, up from 22,000 in 2013 and a projected 35,000 this year. Tesla reported a loss of $61.9 million in its second quarter, compared with a loss of $30.5 million in the same quarter a year ago. Revenue nearly doubled to $769.3 million, missing Wall Street's forecast of $801.9 million, but expenses were also up as Tesla prepares some ambitious projects, spending $93 million in the quarter on research and development alone. While the Model X is in development, the longer-term plan is for a cheaper, mass-market car, the Model 3, to be launched in 2017. The biggest investment Tesla will make is in its large lithium-ion production plant, to be built at an as-yet-unnamed U.S. location in a $5-billion partnership with Panasonic.
That doesn't offset my point at all. It's still not a free market and as long as people like the twat OP keeps running around screaming "free market" anytime an industry is mentioned that he may or may not like I'm going to confront them over it.
People who want to discuss business and industry need to understand that the government had just as much a hand in the current goings on as anyone else. Sadly people here want to make it seem like business runs around with a free hand while the government are meek victims, whipped into submission. I'll say it to the end; You can't buy what isn't for sale.
For the most part, people look for government solutions when someone around here moans about "the free market." The truth of the matter is that the government is part of the market.
Yet, your electric vehicle could have 0 emissions if you let a nuclear plant get built near you.
Which is my point.
Your fear of a tried and tested technology is destroying this planet. And you try to paint me like I'm some redneck that doesn't understand science?
You sit there and defend Coal and Natural Gas... Electric cars are so trendy, you're sounding like a damned republican.
I intentionally used the strait, top efficiency of an combustion engine, which is not the efficiency of the actual car. Put that engine into an electric hybrid? Now your emissions are well bellow that of an electric car. Nearly 80% of the electricity in this country is harmful to the environment. 70% is via the burning of some type of fossil fuels and produces CO2. You think there's any difference between burning that in a plant outside of town and just burning it in your engine compartment? Give me a break. You may want to want to just slap lipstick on that pig and be done with it, but I actually want to fix the problem.