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Elon Musk: Tesla 'Would Be Interested' in Taking Over GM's Closed Factories (cnn.com)
An anonymous reader quotes CNN:
Elon Musk wants electric vehicles to be successful -- even if Tesla goes under trying. In an interview for CBS' "60 Minutes," the Tesla CEO and Silicon Valley billionaire was asked about competition from General Motors (GM), which announced last month it's laying off thousands of workers as the century-old company shifts focus to self-driving and electric vehicles. Musk appeared unconcerned. "If somebody comes and makes a better electric car than Tesla, and it's so much better than ours that we can't sell our cars and we go bankrupt, I still think that's a good thing for the world," Musk told Leslie Stahl during the interview.... "The whole point of Tesla is to accelerate the advent of electric vehicles and sustainable transport," he said. "We're trying to help the environment, we think it's the most serious problem that humanity faces...."
In his 60 Minutes interview, Musk also floated the possibility that Tesla may expand its footprint in the United States. He said Tesla "would be interested" in taking over some of the factory space GM said it will abandon during its restructuring.
The article also cites estimates from Navigant Research that Teslas now account for 20% of all fully-electric vehicles on the road today.
In his 60 Minutes interview, Musk also floated the possibility that Tesla may expand its footprint in the United States. He said Tesla "would be interested" in taking over some of the factory space GM said it will abandon during its restructuring.
The article also cites estimates from Navigant Research that Teslas now account for 20% of all fully-electric vehicles on the road today.
Apparently you consider 20% margins "barely succeeds at selling Teslas at a loss".
Apparently you think nearly a billion dollars in free cash flow, when they're still far from having finished optimizing their production processes, and beating NASDAQ by 30% in the past several months, is a giant "Meh".
How are your investments looking these past couple months, AC? ;)
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