So now that Obama has won the election, what do you guys think this means for Tesla over the next four years?
$50/share. Model X. Model S dual motor. Gen III sedan, Next Gen Roadster, Roadster Supercar (sub 3 second).
I'm curious what this will do to the stock price tomorrow as well.
Same as if Romney won. Tesla will continue to make the best cars in the world. They will deliver new cars to cover new markets and go one to be wildly successful.
MB3 I hope you're right. I guess I was concerned that there would be a negative market reaction with a Romney win, as well a potential for less support from the government. Maybe things like it being harder to get favourable interest loans or even the removal of the $7,500 tax credit for buying EVs, which would defiantly hinder the process of being adopted by the masses.
Now that Obama has won, somebody should get him up to speed about Tesla. After all, this is the company that is best positioned to show the world that electric cars can work. Tesla will be a major player in helping to achieve his goal of 1 million electric cars -- maybe not by 2015---but shortly thereafter
Tesla doesn't need any more support from Gov't. They probably didn't really need it before, but it helped speed things along. They have and always have had a great vision and have a plan to get it done. I will watch ... and learn.
now that Romney has conceded, someone should offer him a test drive, he might be interested in buying a couple after a test drive. he might even think it a good investment!
For patriarch civilization, it may be counter-intuitive that women rule!
Thanks to women, more women voted for Obama and over-compensated for the male species.
The take home lesson is: treat your ladies nicely and you may keep your car . That's not too much to ask isn't it?
$10,000 Tax Credit - please!
I think this was a huge win for Tesla. I believe federal incentives would have been dropped day 1 otherwise. I also believe that the loans may have been called...all personal speculation. This is a huge win for newer technologies and making a path for early adopters who can help push the technology for EVs, etc. It is way past time! This will also have to be a good thing for Tesla stockholders, as the future looks possible now for getting to the next generations of vehicle offerings that are more affordable. So thankful that the election went this way...now let's see what Elon Musk and Tesla will do to help spot more Model S' in the wild!
His one and only green success story!
@Tam, when Obama was selected there were Hillary Clinton as possibility also at one point. Would you have voted her? Or someone else that has high political status that is also woman?
Here in Finland we had woman as President for two seasons (Tarja Halonen). I have no complaints, she ruled just as well as men, no difference whatsoever.
Patriarchy is just relic in the minds of (old) people in modern world. Gender doesn't have any real meaning in high tech civilization. In low tech ones woman rights might be suppressed and I think that will keep those civilizations low tech (it's hard to gain full potential when you suppress half of your population)
I too figured Romney would have pulled the $7500.00 tax credit and was wondering how that woluld have effected current reservation holders....me included. I have a projected del of Jan/Feb.
No more snide remarks that 90% of the country didn't understand, AND no more pairing of Tesla with the inferior Fisker.
I feel Romney would have pulled the tax credit but that's was not my main concern.
I am very confident he would have appointed an EPA person to gut or lower standards thru lack of enforcement or strong arming states which have higher standards.
sorry if my memory of the details are not perfect but here's an article on the subject.
I know that's what Dumbya Bush did in 2000. His EPA appointee denied California's right to have a higher standard for cars than other states. It was overcome. I think CA had applied in like 2002 and finally sued in 2007..... and it was a Republican Governor that sued so I am not making this a Dem/Rep thing just the person Romney would have followed that line IMHO.
"FIVE YEARS after the California legislature passed its stringent tailpipe emission standards; two years after the state applied for a waiver from the Environmental Protection Agency that would allow the new rules to take effect; one year after sending a second letter to President Bush explaining the urgency of EPA action; and six months after warning the administration that the state would take the EPA to court if no decision on the waiver was reached by the end of last month, Gov. Arnold Schwarzenegger (R) did just that. And he was right to do it. "http://www.washingtonpost.com/wp-dyn/content/article/2007/11/15/AR200711...
There are many parts of the US that are still quite low tech.
TSLA 31.84 +0.69 (2.22%)
Romney: 'Tesla is a loser'
USA Electorate: 'Romney is a loser'
It's nice to see TSLA as one spot of green on my sea of red this morning. Market down 2%. TSLA up 1.5%.
Time to squeeze the shorts.
Stock Market: 'Obama is a loser'
@stevedar, you have a very short attention span?
I repeat, oh bummer! For the rest of the world, not just the question of some tax benefit, this guy is weak, kow tows to Muslim kings, and generally is weak. I don't think Romney was much better, but he might have at least started the process of saving the USA from becoming a complete Chinese client. Aside from Tesla, what is actually made in the USA? Even Tesla has far too much made outside, like the electronics module - made in Taiwan. Battery cells made who knows where. Come on, USA, time to get manufacturing again. From that perspective, Apple is a disgrace.
Disclaimer- I am an Australian. We, regrettably, had wall to wall coverage of the election and associated campaign - it could almost have been our own elections. We also outsource most of our manufacturing. We are all going to regret this.
@dborn - I really struggled whether to reply to your rant, but I guess an injection of facts won't hurt, will it?
Despite what many people believe, the US is stil a manufacturing powerhouse. It was the worlds #1 manufacturer in 2010, and at 20% of world manufacturing it was only 1% behind its 1990 level. Per capita it lags Japan, but in absolute terms is larger than Japan and Germany combined.
To paraphrase Mark Twain, "The reports of the death of US manufacturing have been greatly exaggerated."
Damn right. "Tell Vladimir that after my re-election I'll have a freer hand." Sure thing, Dumbo.
Because you know Russia is the US's largest geo political threat... Right....
@dborn good news, so far Obama has actually reversed the loss of manufacturing and manufacturing jobs in the U.S.http://www.bloomberg.com/news/2012-09-26/factory-job-gains-under-obama-b...
Dborn, Romney's private business model has not been conclusivly pro-american worker. Sensata and Delphi are examples of companies that he's had some connection with, and would be examples of this type of management philosophy.
"largest" isn't the point.
As for the manufacturing, you're basically correct, though. Un-economic manufacture is not viable, and not a good use of resources. There is a counter-current developing, though, to some extent. US' nat-gas 3:1 price advantage over the ROTW is inducing many heavy and light manufacturers to return, as is the economics of stable legal environment and short transport lines, etc.
John Tamny, chief economist at Wainwright, has much to say about this: paradoxically, attempting to artificially national-ize jobs and industries imposes indirect costs which ultimately net out as loss of same.
It is curious how an Australian and a Canadian are doling out opinion and advice on the US electorate.
"It seems that many Americans went to the polls without much enthusiasm for either candidate, but, nevertheless, with a clear idea of whom they preferred. The majority seemed to be saying to Obama: “You didn’t get it all right the first time, but we’re going to give you a second chance.” In a way, they voted for “hope and change” again. I don’t think it was so much a ratification of health care or “Race to the Top” or any other Obama initiative. It was more a vote on his character: “We think you’re trying. Now try even harder. Learn from your mistakes. Reach out to the other side, even if they slap away your hand, and focus like a laser on the economy, so those of us who voted for you today without much enthusiasm can feel good about this vote.”
And that is why Obama’s victory is so devastating for the G.O.P. A country with nearly 8 percent unemployment preferred to give the president a second chance rather than Mitt Romney a first one."
-Thomas L. Friedman, in the New York Times, 11/7/12
Brian H : un- economic manufacturing is not viable. Agreed. So, it must be made viable. A level playing field makes it viable. When you have USA or Australian or Canadian workers being paid double or treble the wage that a Chinese or Mexican worker gets, there is no chance of competing..... so, it seems that import duties or tariffs or some such that does level the playing field may need to be imposed. Won't be popular since prices will rise in consequence, but the health of the economy should improve and so should the jobless rate. In the USA, what is it now 8 odd %? A terrible shame in what should be the richest country on earth. The same apples across Europe too by the way. The European problems are also related to far too much socialism as are some problems in Australia.
The "fix" therefore will never be popular, as prices will rise and welfare will fall. However, the need for welfare should drop away as jobs become available, but the Unions need to be taken out of the equation somehow. My comments apply to Australia, as well and we have an unemployment rate of around 5%.
By the way, i was not impressed with either candidate in this election, and I have to say we were swamped here in Australia by USA campaign and election coverage. It was almost like being another state in the union, regrettably.
@TheAustin, it's like I said, if the selection has to be done between known "not so bad" and unknown "sounds like an idiot", I would vote for the first. Sounds like majority of the US did that too.
IMHO Obama has not been bad president, he just inherited a country that was going to very very bad situation from GW dumber. From outsiders POV he has done a very good job to fix things that GW managed to screw up even that it was a almost impossible job to do.
My prediction, now that EU worst crisis is over Obama second period will be very good for US.
the health of the economy would not improve, because the extra cost of the higher priced goods comes out of money that would have been spent elsewhere. The only (temporary) benefit is government duty receipts, which would be more than offset by reduced receipts elsewhere.
There is no such thing as a tax or duty that increases the standard of living or economic activity.
Interesting, but as exceptions to that blanket statement, do you think tarifs can have a positive effect at protecting domestic industry? Or a tarif inbalance like we have with China where they pay a higher tarif to import American cars than we pay to import Chinese cars hurts American manufacturing? If I collect a tax and spend the money on education, infrastructure, and research, you're saying that does not increase economic activity and standard of living?
I would suggest that it's not the tax itself that is good or bad. It's how the tax revenue is spent that's important.
Sorry, what I mean is we pay a tarif to import into China. Damn edit. You get what I mean, I think.
Then why not collect 100% of all income and have the government disburse it wisely and justly? What the heck, let's go all in.
There are no chinese cars imported to the US, and the US is not making many vital components to produce cars, smartphones, TVs or computers anymore. The number of cars exported from US to china is negligible, the only ones exporting cars to china are the germans, italians and the british. GM hs huge presence in china, bit this is due to their local production in alliance with local companies. A trade war with china will result in a decisive win for china. Romney was babbling on about china being a currency manipulator and how this makes for an uneven playing field, he forgot to mention that the US is an even greater currency manipulator.
5 billion dollars of American cars sold to China in the 2011. http://www.chicagotribune.com/business/sns-graphics-china-auto-gx,0,4863...
China is not currently selling in the US, but has been hoping to crack that market for some time.
Why not collect 0%? Makes the same amount of sense. This is what the Laffer curve depicts. You're making a reducto ad absurdum argument. If having no wife is bad, and having a wife is good, then having two is better?
What I'm saying is it's not the tax itself that is good or bad, it's what you do with the tax revenue. That's all I'm saying.
I better retract that. I'm not attempting to wander onto trade policy, I just threw that out as an example. Appologies as the example was more distracting than illustrative.
yes, exactly 5 billion a year, a little more than i thought but still an insignificant amount. And this counts the X5 and X6 BMWs made in the US as well as the Mercedes SUVs. Still US manufacturing though. US trade deficit is more like 600 bn a year, a large chunk of that is petrol, another large chunk is goods from china. China trying to sell cars in the US is not the same as actually selling the cars.
I love it when you talk Latin to me.
I'd say having two wives is good, provided they are both hot and agree to talk dirty to me. In Latin.
That being said, I have decided that discussions about politics and/or economics are neither productive nor fun, so I'm going to go back to threads where I can read and write excitedly about my car.
I have tried to install girlfriend 2.2 without first uninstalling wife 1.0. There were incompatibility issues. The most recent version of girlfriend was set to auto-update, and updated to wife 2.0. My hardware is at end of life and will not support further upgrades of eiether operating system. Or so the V2.0 system messages state. I have found dual boot systems more difficult to manage.
I completly agree with you though, including the last part. (I loved your comment over on the "Tesla not Fisker" thread). I suppose I'm just hanging out, waiting for my car. It's been a while. About two years. I was Nov/Dec, but I know from production rates it's more like end of January. The closer it gets, the slower time seems to go.
(My latin teacher in high school was probably born during the height of the Roman empire. I never considered what hot latin chicks sounded like... 80 year old ladies, I assumed... I must reflect on this.)
Timo, well said...I concur.