RV_ Posted November 10, 2018 Report Posted November 10, 2018 Excerpt: "Ron Baron is a legend in the investing world — his eponymous fund group has about $30 billion under management. Baron recently gave a meaty interview about Tesla to CNBC. There’s a lot of interesting material here, beyond Baron’s headline prediction that Tesla could earn a trillion dollars in revenue in 2030. Baron tells the entertaining story of how he invested in Tesla at the beginning, then bailed out when he considered the odds against a startup carmaker, only to jump back in once he fully understood Elon Musk’s vision. Today, Baron’s fund owns 1.66 million shares of TSLA. Baron debunks what Galileo calls the “stagnation fallacy.” The legions of naysayers who harp on the fact that EVs are more expensive than legacy vehicles ignore the trend of rapidly falling battery costs. Once those costs fall below a certain key level (many industry observers put the tipping point at $100 per kilowatt-hour), it will simply no longer make sense to build a vehicle with an internal combustion engine. That day is rapidly approaching, and Tesla will almost certainly be the first company across the finish line. [Editor’s note: We couldn’t get a precise update on battery prices from Elon Musk on the most recent Tesla conference call, but Musk said in June that the company would be at $100/kWh this year. Has it gotten there? That’s the question, but what is clear is that the Model 3 is highly competitive with gas cars, ending up the 4th best selling car in the United States in recent months.] Baron is confident that Tesla will make $30 billion in sales next year, and he gives the company a 50/50 chance of achieving annual revenue of a trillion dollars by 2030." Source: https://cleantechnica.com/2018/11/08/billionaire-ron-barons-tesla-forecast-through-the-lens-of-galileo/ My friends, and some family, all tell us with a sheepish look that they wish they had listened to me back then. Others who were rude, or like some here back in 2003 said it was a stunt, and a pump and dump? LOL they didn't IPO (go public) until 7 years later! There was no stock to pump and dump! They waited until two years after they produced, and sold out cash in advance, all of their Tesla Roadster production in 2008 - 2009. While the others including Ford got bailed out with our tax dollars. That sorry PR fib that Ford was the only one to avoid bankruptcy in 2008 is just not true. President Bush devised TARP (Troubled Asset Relief Program) To bail out the banks that failed because all banking and SEC oversight legislation was repealed or rendered impotent by the Bush administration. But Ford got $30 Billion in federal loan guarantees, and $5.9 BILLION TAXPAYER DOLLARS from the DOE Advanced Technology Vehicle Manufacturer loan program, paid in early 2009, that has not been paid back to date. Yes they are legal in making the minimum payments, but they were bailed out from bankruptcy just like the rest. Tesla alone did not get our tax dollars. All buyers of BEVs and even PHEVs (hybrids) from GM, Ford, Chrysler, Jaguar, Hyundai Toyota etc. all have customers that get a tax credit. In fact Tesla was also approved for a half billion DOE loan, except they paid it off within a year. Mercedes is behind and admits it. Jaguar is hiding the extreme inefficiency of their BEV. The Lucky Goldstar Bolt, designed and delivered to GM for final assembly at their Orion plant have had problems with sudden loss of charge stranding owners and passengers. They are not selling well. Tesla Sales Higher Than Acura, Audi, BMW Car, Infiniti, Jaguar, Lexus Car, & Mercedes Car Sales In USA (August Sales) Let’s just start with some numbers. Below are USA sales totals for the month of August from several top luxury car brands. Additionally, I’ve included estimates for Tesla’s USA sales and Tesla’s USA car sales (the latter of which excludes the Model X). While we don’t have precise numbers from Tesla, there is now confirmation from CEO Elon Musk that there were more Tesla Model 3 sales in the USA in August than BMW car sales (excluding SUVs). That means that Tesla sold more cars than any other luxury car brand (again, that excludes SUVs from some brands — Lexus, BMW, and perhaps Mercedes-Benz). https://cleantechnica.com/2018/09/06/tesla-sales-acura-audi-bmw-car-infiniti-jaguar-lexus-car-mercedes-car-sales-in-usa-august-sales/ RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire
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