The Farce of Tesla

Sales

Tesla sold 244,920 vehicles in 2018 and some on Wall Street said they were the number two US automaker–up until Ford’s quarterly financial report was released this week. What a crock.

Over the same period—2018—Ford sold 5,982,000 vehicles.

The math is this; Tesla sold four percent as many vehicles as Ford and people said Ford was the number three automaker.

Folks, we don’t even know if Tesla is selling their vehicles at cost let alone making a profit. Ford is outselling Tesla by a huge amount. Ford sold 5,737,080 more vehicles than Tesla and somehow Elon Musk is our role model?

Tesla is tethered technology.

Both my buddy with the Chevy Volt and my future son-in-law who owns a Tesla, have the same problem. Namely, where to charge the vehicles.

My buddy with the Volt says he tried to go to Oregon with his Volt and found that he was stuck near the I-5 corridor because there was no place to charge the car once you got away from the Interstate.

Tesla is s finicky vehicle. It has three charging modes: super-fast, medium, and super slow. My son-in-law candidate drives to Elk Grove from the S.F. Bay Area to see the daughter. Before going home, he must drive to the Arden Fair Mall because that is the only fast charging station in the area. After charging the Tesla for 45 minutes to an hour, he can then go home. Please understand that this means that he drives over an hour further to get to the mall and back for the privilege of charging his car. This charging evolution adds two hours to every visit that he makes here for the privilege of driving an electric car.

If you fail to use the Tesla installed charging stations, then plan to wait several hours—like six or more—to get a decent charge on the car. Lest you think I exaggerate, check out this story of a guy in New York that took his son to camp in a demonstration Tesla Model S given to members of the media. Here are excerpts of his travelogue.

I’ve screwed up my range calculations. We don’t have enough to make the closest partner charging station. The car was warning us of this, but we needed to get the boys dropped off on time. So we took a chance and ended up ALMOST RUNNING OUT OF GAS, er … ELECTRICITY!


There’s a cable in the truck of every Tesla that enables you to charge on the fly. But there are no high-speed charging options up here in the middle of nowhere in the Catskills. So we had to resort to the slowest option, good old 120-volt, wall-socket-level rejuicing.


You plug into this small charging port at the left rear of the Model S.

Tesla charging in BFE via 110 VAC

Photo by Matthew DeBord

… but we’ll be getting only 1 mile per hour of charging! That’s mega-slow.


A few hours, a few more miles in the battery, and we have enough to head back through the lovely scenery to find lodging — and charging — for the night.

Tesla charging at one mile per hour

Photo by Matthew DeBord

By the next morning, at a charging rate of 3 miles per hour, we have enough juice to make the closest partner charging location.
We’re plugged in …


… and drawing power again.


But this time, we’re charging much faster. In a few hours, we’ll have enough power to get to the closest Supercharger location.

Link: A year ago, I had an epic adventure in a Tesla Model S — here’s what happened

Short version was that failing to charge the car resulted in an additional day of travel because it charged so slow.

Tesla = Tax Opportunities

Many early adopters of electric vehicles think that one big advantage is avoiding paying gasoline taxes. I’m here to tell you now thatBig Brother” is completely aware that you aren’t paying your fair share for road maintenance and has plans to remedy the situation. Soon Tesla owners will be introduced to the long-rumored mileage tax. Yep, you will be billed for each mile travelled by the electric vehicle that you drive.

Thanks to folks like the Chinese; government now has the power to track electric vehicles (and probably internal combustion powered ones too) via GPS. So, you won’t even have to do paperwork, you will be issued a mileage bill from government each billing cycle. Oh, I’m sure they will be happy to receive their funds via autopay.

For some folks, Elon Musk can do no wrong; however, I’m not a believer. America flirted with electric vehicles over 100 hundred years ago and the internal combustion engine won. In a free market, I think that same outcome would happen today, but our markets are anything but free.

Government is willing to put their thumb on the scale to help Musk, but I don’t think that gets this technology over the finish line. They just give him an unfair advantage in the short run.

Until electric power is plentiful and readily available, such technology is a novelty. Sadly, California is moving away from readily available energy and towards limited options at higher prices. They are restricting the market not unleashing it. Socialist utopias are like that.

If I had the money, I would buy a Tesla, disconnect the battery, wrap the car in plastic and hide it in a non-descript barn for 150 years, then it might be worth owning; otherwise, I’m sitting this revolution out.

Tesla Burns While Elon Musk Offers Quieter Leaf Blower

Yes, when it comes to Elon Musk, the logical disconnect between fantasy and reality is a wide chasm. Yesterday, Tesla’s first quarter earnings report came out but instead of talking about his leadership, Musk was busy on Twitter offering the faithful a quieter leaf blower; oh, and it wasn’t even his idea.

Here’s the story:

Tesla CEO Elon Musk says his company is planning to develop a new creation — only this time, it won’t be rolling on four wheels.

Elon Musk changing the subject away from cars
Elon Musk blowing more smoke on the Internet as his stock goes to pot
No argument here

Link: Elon Musk says Tesla will develop an ‘electric leaf blower’

But come to find out, the quitet leaf blower wasn’t Musk’s idea.

Actor Rainn Wilson of The Office has accused Tesla CEO Elon Musk of failing to give him proper credit for the idea for a quiet leaf blower.


Wilson, who portrayed Dwight Schrute on the NBC sitcom, demanded credit for the idea in a tweet to the Telsa CEO on Wednesday, after Musk announced his company would be making the product.

Link: The Office star Rainn Wilson blasts Elon Musk for ‘stealing’ his idea for a quiet leaf blower without giving credit

Meanwhile, the 90-Day Cycle was not kind to Tesla. Even with lowered expectations, Tesla missed the numbers that Wall Street was expecting. The stock closed today at $235.14

Tesla six month stock results

December 13th was the high mark in recent months with a close of $376.79. From December’s high to today’s close, the stock is off $141.65 per share. Looks like it’s time to cue the dumpster fire graphic.

Tesla stock prices crash and burn…some more

Check out this link to a CNBC panel discussion on Tesla’s woes.

Has reality finally caught-up to Tesla?

Ford Motor Co. on Friday regained its status as the No. 2 U.S. car maker in market value, leaving Tesla Inc. behind after a massive earnings beat that stoked a rally for Ford stock.


Ford F, -0.19% shares were at their best since July and amassed the largest one-day gain in a decade, bringing the company’s market valuation to around $40.7 billion late Friday.


Tesla TSLA, +0.90% shares traded at their lowest since January 2017, still reeling from the wider-than-expected first-quarter loss the company reported earlier this week. That brought Tesla’s market capitalization to around $40.6 billion.

Link: Ford passes Tesla as No. 2 U.S. car maker as stock goes on a tear

Ford–a car company that really sells cars not dreams

The Tesla story only makes sense in a Liberal Utopian or the Twilight Zone-which is opten the same place.