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Green Auto “Loser” Tesla Is Not Very Good at Losing

Six months after Mitt Romney called electric auto company Tesla a "loser," Tesla is posting profits, expects to pay back the Dept. of Energy five years ahead of schedule, and won Motor Trend's Car of the Year.

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1024px Roadster 2.5 windmills trimmed Green Auto Loser Tesla Is Not Very Good at Losing
 
Six months after Mitt Romney called electric auto company Tesla Motors a “loser” investment for the Obama administration, Tesla has announced it will post its first ever profit in the Q1 2013 and expects to pay back its Department of Energy loan 5 years ahead of schedule, by the end of 2017. Meanwhile, Tesla’s Model S was unanimously voted Motor Trend’s Car of the Year in November 2012.
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Wasn’t there some other contest that happened in November of 2012? I feel  like there was.
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If we’re going to talk about picking losers, though, let’s talk about picking Tesla as your “gotcha” zinger during the presidential debates. If you’re going to call someone a “loser,” maybe don’t choose Tesla, which has nearly every demographic in the entire United States rooting for it. Let’s review:
  1. Environmentalists: Don’t like 10,000 barrels of crude oil running down the streets of your cul-de-sac? An electric car may be for you.
  2. Car fans: Sadly, the rumor that Tesla would be racing in Nascar was just an April Fool’s joke, but its Roadster model has already won a four-car drag race against a Lotus Exige, a Porsche GT3, and a Porsche Carrera GT (video below). Surely the Nascar Dad demo can get behind that.
  3. Geeks: Tesla’s Chairman and CEO is Elon Musk, who is also the founder of PayPal and the CEO and chief designer of the Space Exploration Technologies Corporation (SpaceX). In case that’s not enough geek cred for you, Musk is even fluent in the Geek dialect, telling the press after Mitt Romney’s “loser” comment and subsequent loss in the presidential election, “In retrospect, he was right about the object of that statement, but not the subject.” (Translation for those of you who do not speak awkwardese: “Who’s the loser now, motherfucker?”)
  4. People who like awesome things: See, e.g., photo above, video of drag race below.
Lesson: Do not bet against a geek. (Auto journalist Dan Neil already tried that back in 2009, betting Musk he could not build the Model S “within the technical specifications Mr. Musk laid out before the end of 2012.” Musk won, but he donated $1 million to charity anyway.)
 
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171 Responses to Green Auto “Loser” Tesla Is Not Very Good at Losing

  1. Way to go science.

    • Phil

      at

      Science? phhht! that’s just for people who want to know things, learn things, advance the human race, make things better, and win presidential elections!

      • If it’s so great, why didn’t PRIVATE DOLLARS FUND IT….?

        So, they are goona pay the tax payers back ahead of schedule? RIGHT, JUST LIKE CHEVY “DID” WINK WINK WINK…… GMAFB.

        • Linda (The Daily Dolt)

          Yeah!!! Like the space program. If space exploration’s so great, how come the private sector doesn’t invest in it, huh??

          Oh, because there’s more benefit to companies like Tesla and agencies like NASA than just profits. Tesla happens to be profitable, which is great, but the government didn’t invest in it based on its ability to make money. It was funded because of its research, implementation, and marketing of green energy.

          • Actually the private sector is investing in the space program just not NASA They’re supposed to have a multi billion dollar thing going on in New Mexico I’d heard that it takes more energy to produce electricity than gasoline and that building of dams destruction of the environment is hugh?

        • Carlos

          at

          It’s easy to make any enterprise a “winner” by dumping millions on it. The question is whether or not the benefits outweight the cost, a question that is near impossible to answer because the opportunity cost of the money is mostly unknown. Liberals focus on the “seen” as opposed to the subtle “unseen” effects of public policy. Read Bastiat’s Broken Window Fallacy if you don’t get it.

      • Mark Rohan

        at

        It has obviously been proven that electric cars are no way as energy efficient as gas burning vehicles.

      • Dwight

        at

        Hey Phil,you smart people forgot all about hydro power. And where are you getting the electric to charge those cars, from that coal fired plant???

      • Science without morals is just a liberal way to back things like unneed abortions, and to get away with their anti god agenda. Science says that being gay is OK. See! No morals, no God. How convienent.

    • Steve Brown

      at

      The election is over people! Why are you still beating up on Mitt Romney?

    • Throb

      at

      The only reason Tesla prints a profit is because they are subsidized out the kazoo federal and state taxpayers are covering their operational costs.

      Why are some bleeding heart neo liberal geeks always the dullest pencil in the box?

      • Julie

        at

        They *were* subsidized; part of “showing a profit” is paying back those loans! Ahead of schedule, no less.

      • matt farmer

        at

        Exactly. Rand Paul 2016

  2. Mike B

    at

    Ha ha… Awesome! Go Tesla!, If I weren’t working class I’d buy one!

    • Don’t sweat it.

      Tesla tech is already showing up in the Mercedes B class (the smallest Benz in the US.)

      http://money.cnn.com/2013/03/27/autos/mercedes-tesla-b-class-electric/index.html

      It’s just a matter of time before you’ll be able to get a car you like and can afford.

      The future’s looking good.

      • Imsure

        at

        And I’m sure that $60,000 affordable electric car will be able to drive 50 on only electricity…then switch to gas…

    • José Torres

      at

      I’ll recommend you this book if you wanna change that economic status. It has helped me a lot

      T. Harv Eker – Secret’s of the Millionaire Mind

      (English is not my native languaje so, sorry for my bad english)

      Actitude is more important than knowledge. That i can tell. Good luck and i hope it helps you with your Tesla!!

      • ReadThatBook

        at

        If you had read the book, you would know that a Millionaire Mind follower would never waste money on an overpriced car for a Tesla. Buy a used Hyundai or something and save a ton of money for better performance.

    • working stiff

      at

      Just quit working and get on the Obama plan and you could get one real quick. This is a loser company who is only making profits because of the American Tax Payer.

      • StormeeATL

        at

        Would be too obvious to call you a loser, but you are definitely brainwashed. Try something other than Faux News or the Rush Limbaugh show for once, you may find there is a whole different beautiful world beyond the bubble created by the right wing propaganda ministry

        • Anne

          at

          “Faux” news covers a of territory. I find O’Reilly to be balanced and fair. If I want biased nonsense, I’ll switch to MSNBC. You know, people formulate their opinions based on a lot of sources. You should try that instead of spewing a partisan soundbite that has little merit.

          • O’Reilly “fair and balanced?” What color is the sky on your planet?

    • ej

      at

      That was Romney’s point. Just because it makes a profit, doesn’t make it a winner. If the common man doesn’t have access to it, it’s just a toy for the uber-rich. It won’t be a winner till I see them everywhere up and down our highways and back-roads. The point of an electric car is for it to help reduce the “manmade global warming”. If only the rich can afford such cars, it does nothing to help “global warming”, therefore it is a LOSER! The money given to the company could have been put to better use, you know, like helping the poor, rather than providing toys for the rich.

      • ufd

        at

        In 1979, my first digital watch cost me $100, I was 15 and had to have it. Early adopters usually pay more, but there is a tipping point where, once enough early adopters have gotten on board, the price comes down to where most can afford the product. The same was true of VCR’s, most people couldn’t afford one, so you would rent it when you rented a VHS movie.

        • and what of the Toyota Prius? How has the economics of scale worked to the favor of the common man? The price has only increased in the 13 years that it has been in production worldwide.

  3. Liam

    at

    Seriously? He probably called it a “loser” for the same reason he wants “clean” coal. HAHA. Mitt Romney.

    • JBoston

      at

      You are aware that electric cars are powered by coal-fired plants right?

      You are also aware that electric cars, over the course of their lifetime, have a carbon footprint equal to 2x that of their conventionally powered siblings, right?

      I mean, I would hate to point out the flaws in your own merriment while you were making fun of another.

      • O.S.

        at

        An EV recharged from the US grid electricity in 2008 emits about 115 grams of CO2 per kilometer driven (6.5 oz(CO2)/mi), whereas a conventional US-market gasoline powered car emits 250 g(CO2)/km (14 oz(CO2)/mi) (most from its tailpipe, some from the production and distribution of gasoline).

        Source: “Wheel to Well Analysis of EVs” (PDF). MIT Electric Vehicle Team. MIT. April 2008.

        And as (if) we ever move to more renewable energy sources, this figure will drop considerably.

        • scott

          at

          Reality will now speak…lol
          http://www.popularmechanics.com/cars/news/auto-blog/electric-vehicles-pollute-more-than-gas-or-diesel
          According to The Norwegian University of Science and Technology, the environmental ramifications of EVs from well to wheel are significant. The study took into account all factors along the lifecycle of an electric vehicle, from the toxic battery ingredients like nickel and copper to the energy sources which power the grids that ultimately charge the cars’ batteries. “The global warming potential from electric vehicle production is about twice that of conventional vehicles,” one part of the study concludes, indicating that energy developed from lignite, coal, or heavy oil combustion makes it “counterproductive to promote electric vehicles.”

          • Odd that you choose an article that was retracted by the NTNU Ethics comity for a 5.0 and 5.1 violation:
            dishonesty and research fraud.

            Now go try again with a legit source

          • catfish

            at

            That ridiculous claim is from a debunked source my friend.

            Lobbying firm, not a credible source of information.

        • scott

          at

          You cited material from a biased source…the eletric vehicle team at mit..just wanted to bring in the people who actually studied the entire process of production, power, and disposal of all those batteries. Stopping the use of fossil fuels for power is not a viable option yet. Besides every piece of plastic you use is made with oil and if not properly recycled it is still a contributor to polluting the planet. The electric car will go away. A vehicle designed to run on a renewable gas ( a gas or liquid the we generate with out the use of fossil fuel) is the future.

      • Myan

        at

        So did u want to site some references for this load of horse shit or should we just take your word for it? These are steps in a process and Elon Musk is also the founder of SolarCity which is lessening our dependency on fossil fuels one house at a time at zero cost to the consumer. Please for your sake and ours try looking at the bigger picture, do a little research and get your head out of your ass.

        • barjack

          at

          Boy, there’s enough heat in these two replies to dry out that wet blanket.

          You go, Elon Musk! I’ll take one of your “losers” any day.

      • Bruce

        at

        Actually, not all electricity is derived from coal. I used to live in Burbank, CA, which used a steam plant, not coal (and no, coal was not used to generate the steam). Despite what your fatherbrother told you, electricity is generated by several different sources.

        • scott

          at

          All steam plants use coal or natural gas. Did you think the steam is magically produced to spin the turbine?

      • StormeeATL

        at

        I guess HuffPo isn’t the only site where the brainwashed GOTPers regurgitate whatever their masters at Faux News drilled into them

        • Anne

          at

          Well, obviously this is a hangout for at least one MSNBC monger.

    • Alan

      at

      After numerous lawsuits and recalls by Telsa Motors, I am sure they may get one right sooner or later, however, everyone here beating up Romney and praising Obama for his insight, feel free to make the purchase. Better yet, put your money where you mouth is and take all of your savings and invest it in Telsa Motors. ……………………………………………………………………………………..I thought not!

  4. Until tesla has a sub $20k vehicle it is a loser for the majority of the population.

  5. llogg

    at

    predicate nominative, not object.

  6. JBoston

    at

    As the saying goes “hindsight is 20/20″

    At the time Romney made his comments he was spot on. As for the claim that environmentalists love electric cars that’s typically due that most are fairly ignorant of the fact that electric cars can have a carbon footprint over twice the size of their conventionally powered siblings. In fact, a recent study found that a Tesla all-electric sports car using coal-fired power station electricity will end up producing “21% more CO2 emissions than a car running conventional e10 gasoline, at the proposed CAFE standards.”

    As for Tesla turning a profit, Bloomberg West Editor-At-Large Cory Johnson asks “Was it, in fact, selling cars for more than they cost? That would be a first for this company. Was it through other machinations from the income statement? We don’t know.”

    Two of those machinations were”
    – Selling zero emissions credits. Johnson noted the company sold these for $13,000 per car last year [in past years, Tesla has sold these credits to Honda Motor Co., Ltd. (HMC), which enabled Honda to meet California's strict emissions regulations].
    – Re-pricing DOE warrants. Johnson noted that, as part of its Department of Energy loan, Tesla had to give the federal government warrants to buy Tesla stock, and that making accounting adjustments to how those warrants were priced could affect the company’s profitability.

    So if the point of this article was to say that Romney jumped the gun and spoke too soon it would seem that the author is making the exact same mistake.

    As for the list of other “alternative energy” boondoggle let’s not forget Solydra or the Chevy Volt factory which received millions of taxpayer dollars to create batteries yet paid their employees to play games.

    http://www.biofuelswiki.org/Home/E85ElectricTeslaCarbonFootprintStudy

    http://seekingalpha.com/article/1313911-tesla-announces-first-quarterly-profit-but-questions-remain

    [**Note from Daily Dolt: Comment not posted until 3pm due to multiple links (gets thrown into spam filter). Sorry for delay.]

  7. Vishen Lakhiani is a turd.

  8. Adam W

    at

    It is a valid point that current electricity is generated largely by natural gas and coal burning plants so some might have an opinion that making electric cars is a waste of time. Strongly consider how the world is slowly progressing toward more renewable sources even if the majority of energy is still produced by fossil fuels, this surely will not always be the case.

  9. Anonymous

    at

    by the way, romney never actually called tesla a “loser” like you misquoted… he only included them in a list of companies that were not profitable and said the government has no purpose in private industries

  10. hhels

    at

    As O.S. points out, a power plant converting natural gas/coal into electricity is much more efficient than a car engine burning that fossil fuel directly for energy.

    I don’t know how things change over the life of the car when you take materials (such as the battery) into account, but these things are improving all the time.

    I think a fundamental fact that conservatives and liberals can both agree on is that it is lazy, self-serving and greedy to unnecessarily burn through a finite resource rather than preserving it for future generations if we possibly can.

  11. John

    at

    SUCK MY DICK ROMNEY YOU FUCKING PIECE OF SHIT

    • Anne

      at

      I’m so glad you are not a fan of Romney. Someone of your class in no way belongs in his camp. BTW, at least he’s got one.

      • barjack

        at

        Anne:

        Maybe you’d like to explain just how you KNOW this?!

    • This guys is pure genius!. . . said no one, ever.

  12. Not quite as ironic as Obama claiming “[The sequester]‘s not going to happen,” but pretty ironic still. (I’m a Democrat, btw).

  13. d q

    at

    You forgot to mention the ICE investigation…the secret is using all those foreign auto parts, right Dolt? http://www.washingtontimes.com/news/2012/dec/3/electric-cars-praised-by-obama-may-use-banned-fore/?page=all

  14. Dave Taub

    at

    There was nothing in the statement that Mitt Romney made regarding Tesla that had any basis in reality or fact. Then or now. And to postulate that until tesla has a sub $20k vehicle it is a loser for the majority of the population is like saying that Ferrari is a loser company because most people can’t afford one. PALEASE. Just cause I can’t afford a Tesla, doesn’t mean that I’m ignorant and incapable of marveling at the feats of design and engineering present in Tesla vehicles. But then again, it was the ability to recognize those things that also made me able to recognize what loser Romney was and is.

    • E H III

      at

      Mr. Taub, your Ferrari analogy is amusing, however, seriously flawed and simplistic, at your convenience I suppose. Tesla is a private company subsidized by the US tax payer and that is why Romney insinuated it was a loser because, although my taxes pay for it, I nor the regular working person can afford it. Ferrari is not subsidized by the tax payer and Ferrari never said to the government, please pay us to be green and we will be profitable. Ferrari is profitable because government is not involved.
      The bigger the government, the smaller the citizen

      • barjack

        at

        Ferrari, started in 1929, had better NOT be on gov. support any longer – but I’m sure it had some help when it first started; but maybe not. In 1929, there was little competition, it was simply a matter of making something that would actually run and not blow up. Things, and expectations are much more complicated now.

        A match-up between a brand new, totally different idea and an ancient gas hog is a ridiculous comparison.

        • LB

          at

          We all need a vehicle that will do 0-60 in less than 5 seconds that is financially supported by this glorious government that is “cutting spending budgets” right??

    • Ken Ken

      at

      Romney a loser? last time I checked, he led 2 major companies that were on the verge of bankrupcy to profit. As well as a successful winter Olympic. Was governor of MA….among other things. Have you met many who accomplished more?

      • Ken Ken: Where did I say Romney was a loser? Read what I typed and don’t put words in my fingers.

        I typed that Romney’s politics and fake claims were losers.

        If you’re going to disagree with me at least get what I typed right.

        • Ken Ken

          at

          Huh!?!? Andy, It was a respond to Dave Taub, not you. Learn how to read a thread before you call someone out….hint: look at the direction of the arrow on the left side of my comment.

        • If you read the same article, it said that Mitt Romney convinced the FDIC to accept a $14 million payoff on a $30 Million debt, or take a BK payoff of $3.5 Million. Keep in mind, this was not a problem he created, but he sure seemed to have the brass to make the best of a bad situation. The problem here is that 90% of the comments here come from people who have not a clue or the brass for such things. Mitt a “Loser?” You’re all drinking the koolaid.

  15. I think it’s great the Elon Musk and Tesla can pay the government early and Romney’s politics and fake claims were losers.

    What I want to see from Tesla is a sub-$25K vehicle that the average American can afford and not the premium priced vehicles Tesla is producing that only the wealthy can afford. If that doesn’t happen soon Tesla ripped us off.

    • Linda (The Daily Dolt)

      I’m not sure that’s the point of Tesla, though. Tesla gets people excited about electric cars — they make sexy cars, and then people either buy Teslas or (much more often) buy less expensive electric vehicles. Either way, people are buying more energy efficient autos.

    • Anne

      at

      It was Romney’s opinion and on most investments on solar energy and other alternative energies, Romney was right on. I’m sure you are aware Obama had his opinions as well. Many of them directed at Romney were false.

  16. Bob Kasper

    at

    The fact that Motor Trend named it “Car of the Year” is absolutely meaningless. Two other huge failures – the Chevrolet Corvair and the Chevrolet Vega were also Motor Trend “Car of the Year” winners!!!

    • I agree, by the way, Motor Trend Car of the Year is meaningless.

      • O.S.

        at

        Their opinion is just as meaningless as yours, I guess.

    • Ah, yes. The Chevrolet Vega. Didn’t you have to pull the engine to change the plugs?

  17. Gil

    at

    Want to talk about the other companies? Or how about Fisker? How about the problems Boeing is having with A123?

    Gee, seems like Obama’s “success” company was one that avoiding using as much of his green buddies as possible.

  18. John 55

    at

    2400 units worldwide at $109,000 each not available in the US, Based on one quarter I would think the jury is still out

  19. They are looking at the pretty fluff, and not reality. Only the wealthy can afford them, not your average citizen, which is why Romney said what he did. And then there is Fiskar,another exotic looking electric sportscar, who took a nice chunk of the stimulus money and were going build a factory here in the U.S. They did not do that. Instead they took our money went back to Europe and are now using that stimulus money to build a factory in China. And they more than likely will sell them to us at an exuberant price. Nice return on our investment. By the time this technology comes down in price, everyone reading this will have already died.

  20. Gina de Miranda

    at

    After listening to all these dolts who proclaimed Mitt’s business brilliance (which I knew to be overstated)…this article confirms what I told them. It is not difficult to be successful if you’re born with a preponderance of wealth and connections. It is more difficult for that that actually have to make their own breaks.

    • Ken Ken

      at

      “It is not difficult to be successful if you’re born with a preponderance of wealth and connections” I couldn’t agree more. Isn’t that what happened at Tesla? they kept loosing money for years and Obama kept pumping money in it. Besides, it’s still too early to tell if Tesla’s business model is sustainable. Remeber Solyndra? it was profitable for awhile. On the other hand, Bain Capital is still alive and kicking.

      • As I mentioned before Bain Capital got bailed out by our taxpayer’s money.
        http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829

        • Ken Ken

          at

          OK, Bain Capital had about $30 million of “government bailout” which is actually written off debt. But the most important thing is, it’s business model is sustainable, hence, it’s still doing well. As for Tesla, I’m not sure exactly how much $$ government gave them, one headline says $450 milllion +, and it hasn’t prove to be a successful business model.

  21. Susan Coman

    at

    I’d actually prefer my $20,000 Prius over a $100,000 Tesla. Seems like a big waste of money to me.

  22. Denniis Madden

    at

    What a load. This company will fall on it Obama before long. They have gotten the money they are paying back the American taxpayer from the Chi Com’s. You idiots from 6 pack land will never get past the headlines so don’t comment here. It is your meat head thoughts that make the politicians do as they do.

  23. Maury

    at

    He mentioned four companies in his comment Solyndra,Fisker,Tesla and Ener1. Anyone want to guess where the other 3 are today?

  24. Thomas

    at

    Pretty cocky after projecting *one* quarter of profits. Meanwhile, Fisker has obtained bankruptcy counsel.

  25. Ken Ken

    at

    Throw enough mud on the wall and something will eventually stick. When it does, you loudly proclaim “I told you it would stick!” and disregard the mud that didn’t, which happens to be the majority.

    • Ken Ken

      at

      Green technology is great. However, government should conduct due diligence to make sure the business models of these green companies are sustainable before throwing tax payers’ money into them.

  26. Awesome, so he was wrong about 1 company? There is something to hang your hat on!!! How many units have they sold? How many other green energy companies have folded and taken millions of tax dollars with them? What kind of progress have we made on the debt or even a budget to address the debt? Other countries moving away from the USD for trade? How many tax dollars have been spent on vacations while school children are turned away from White House tours. Its amazing how libs turn to small victories as “Rome burns” around them. Especially after Harping for 8 years about minor stuff. I wish you guys would all get your own country and piss that away into bankruptcy, debt, immorality and all the other chaos that comes with pure ignorance.

  27. Dan Bishop

    at

    I toured the Tesla factory a few years ago, before they moved to their modern plant. What they were doing was interesting but I was struck by how primitive their machine shop was. I think that the car is a nice idea for Californians and people who live in congested, warm weather locations, but I wouldn’t want one to drive in Wyoming in the winter. We should be building all natural gas vehicles like they use in New Zealand.

  28. Rightway

    at

    I’ll get all excited when they actually pay the government back. Also, it this was such a sure thing by a genius with big bucks, why the Hell are we paying for them to develop it. Also, winning a race and looking cool doesn’t mean they will sell. Remember DeLorean.

  29. Anonymous

    at

    They cut the video short because the Tesla car clunked out after it won!

  30. Keith

    at

    How is Fiskar Karma doing? Ya…

  31. Anonymous

    at

    so he won/donated 1m$ to cherity then needed the fed government/us citizens to finance his investment and we did.. there is something wrong with that statement first of all… donating money to charity and then asking tax payers to fund your idea is not Noble it is clearly stateing that you would rather give your money away than invest in your own idea.. lets see how this comapany does in the long run… doesn’t make sense for me.. I am sure it will be in the toilet soon..

  32. Randy M

    at

    Make you a bet. Electric cars will NEVER be mainstream. Efficiency will never meet that of liquid fuel autos. EVER. And by efficiency I mean, drive me all day, non-stop, with only 10 minutes of refueling/rechgarging every 400 miles. In winter. At night. Or in the desert with the AC on full. Electric cars can never be more than an urban oddity. If everyone magically had an electric car tomorrow, the US power grid would be crippled the minute everyone plugged in. All of you “alternative fuel” enthusiasts. Windmills and Solar power will NEVER, EVER be more than 10% of all power generation. We need liquid, gas, or solid fuels for power generation. Period. Nuclear as well. What happens when we run out of oil? Biodiesel likely has the most promise for scaled production to meet our fuel needs. Not ethanol from corn. We can’t jeapardize foodsources and the midwest aquifer for fuel production. The liquid fuel delivery infrastructure is in place and production technology is already proven feasible. Electric cars? They already sell the Nissan Leaf, Chevy Volt, among others. Are you buying one? Why not?

    • DocB

      at

      Randy M,
      You took the words right out of my mouth and saved me a lot of typing time. Thanks!

      And by the way, to the rest of this group as a whole: an English teacher could have a full-time career correcting the horrific grammar & spelling I’ve observed in some of these posts. Come on, people!

  33. Anonymous

    at

    Yeah..of course you don’t mention the Chevy volt or the other car failures and energy failures of the Obumma administration.He will go down in history as the most irresponsible president in U.S.A. History. Somehow getting barely over half the votes makes everything he does right. Idiot liberal double standards.

    • Darnstraight

      at

      That’s barely over half the votes that were counted and how many of those were redundant or came from the grave.

    • Mike

      at

      I would put ‘ignoring warnings of terrorist attacks’, ‘failing to stabilize and invaded country’, and ‘going to war under false pretenses’ as bigger failures both morally and financially than debatably poor investment decisions. But that’s just my opinion.

  34. How much does this car cost? Is it affordable, to all people or just a select few? How much money did they receive from the federal government? How many hours does it take to charge the battery? How long, or far, can you drive on one charge? Until, car companies make everyday cars like this one, its not a victory. A car must be affordable to everyone, drive long distances, and charge in a short period of time. Great, they finally made an electric that is competitive with gas cars! One problem down, doesn’t make it a victory, and a lot of things can happen between now and 2017.

    • The cars which we use (gas) got 70 years or more to evolve, how about we give atleast 30 years(less than half) to electric cars to prove their might?

  35. Curtis

    at

    Although their sister company Fisker is losing all of the money for them. The profit to lose margin between the two companies does not make them come out too far ahead. And beside just like the other comments, the liberal media is only focused on the things that happen to work out some how. How many things have still failed. Look at the long list of people bailed out, tell me out of all the companies which ones are doing as good as the government hoped for?

  36. Shelly Wright

    at

    I love how one quarter of profit and all of a sudden this company is a winner. The idiot who wrote this article knows just as much about business as obama does, zilch.

    Gee, I can’t wait to go out and buy an overpriced battery powered two seater so I can driver around my family of four. Seems practical to me. Why are we as tax payers investing in this shit? All you liberals have your head so far up obama’s ass you’re so happy to say “look, here is a company that is finally going to make a profit. Obama supported it with tax payer dollars. Obama is the greatest!”

    Think of what this money could have done in creating real jobs or real practical cars. Why not use the money to drill in our own country or invest in propane.

    I’m glad our tax dollars invested in a fast two seater that can drive 200 miles before having to charge the batteries. What’s that, I have to plug it in to the power grid that is fueled by coal???

    • O.S.

      at

      You have a family of four? I don’t think you have any business procreating…

    • I am glad that the tax dollars went in researching in technology of the future rather than giving away $4 billion as handouts to oil and gas industry as tax breaks when they already make shit loads of money

      • Dallas

        at

        Big oil companies are owned by common people with pensions, 401ks, IRAs, insurance companies, teacher’s pensions, etc., There is no Mr. Big Oil company, but people who have invested their money in a company that provides products to the market. You lack of understanding is a result of your pour education and lack of knowledge about how things truly are. Tax dollars used to be considered sacred but today, the government spend taxes as if the money grows on trees, not taken from hard working Americans. You should consider stepping back and consider the few words I have said.

  37. Shortly after market opening, Tesla shares (NASDAQ:TSLA) dropped 9.68 percent to 34.81 in the wake of yesterday’s earnings. The company disappointed investors as it reported a quarterly loss of $89.9 million, or 79 cents a share, compared with a loss of $81.5 million last year, or 78 cents a share
    Thursday, February 21st, 2013
    From Disrupt.

    Now they are doing what?

    1.US Bank and Wells Fargo have agreed to provide 10 percent down financing for purchase of a Model S (on approved credit).
    2.The 10 percent down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles.
    from disrupt
    Try selling them with out the tax credits.

  38. Gary

    at

    Well, I have to agree with Romney. What a waste of taxpayer money. Just because they may be turning a profit doesn’t justify if we should invest money with such little payoff building cars that are not cost efficient. Proof of concept is NOT enough proof. Simply put battery technology is not to the point where electric cars make “real” sense. Where do you get the electricity? When do you charge (approximately all around the same block of time putting further drain on the brown out prone grid). If that money was invested in battery research or better yet; liquid propane fueling stations and big rig conversion incentives it would have immediate, sensible impact. If you going to mention this red herring story then please don’t forget to mention Fisker. Spending our tax money to back a company building luxury cars only the rich people you pretend to despise can afford is hypocritical. Why am I not surprised?

    • Russ

      at

      Perfect post! Telsa motors will NOT impact the environment. Candidate for an SBA loan? Sure. Serious driver of energy policy? Ridiculous

  39. catfish

    at

    wow the rightwing nutcases (sorry to be redundant) are out kn force, paid by their lobbyist employers to post these BS claims against the Tesla on blogs.

    Go Science!

  40. Roy

    at

    Unfortunately this story is a little premature. Tesla is organizing Attorneys so they can file bankruptcy. Just another failed Obama venture at Tax payers expense.

  41. Big Jim

    at

    Leftist libtards laughable lies. Tesla is only “profitable” because we threw them a boatload of money. Now the rich, whom you love to hate, get richer making government subsidized cars for other rich people. Every time you see one of these junk piles, think about how much it cost you. Go ask the owner for a ride, it’s the closest you will get to one. BTW they don’t run on 110v. You would have to install a 220v charging station in your garage. Hire an electrician, you certainly are not intelligent enough to do it yourself.

    • I don’t see any other company or industry posting their results after removing the tax breaks they receive. Then why Tesla? Will oil and gas industry remove the $4 billion of handouts from their profits next time they show their earnings?

      • Dallas

        at

        Why are corporations taxed in the first place? Corporations are not people. Shareholders earn the profits of the corporations they own shares in or to whom the have loaned money by buying corporate bonds. I do not believe in corporate welfare either. A product should rise or fall on its own merit. However, under the current unfair progressive tax system, tax breaks are given as a result of someone trying to get a way around the onerous taxes imposed. Some in our society pay no income tax, but it is all smoke and mirrors because Social Security payments of 15.3 percent (half from the employer and half from the employee) goes into the general fund. So anyone who works pays taxes. The whole system is broken, but to fix it will step on many group’s toes. A fair system would be for EVERYONE to pay some taxes so everyone feels a sense of ownership in what the government provides with our tax dollars. I have personally had two businesses eliminated by crony capitalism though the actions taken by Democrat administrations and politicians. Both businesses created 15 new jobs each and our products were good and safe, but we were just small and the big guys got government to wipe us out. We won in Court but our markets were destroyed. The founders of our nation set up a government that secured individual liberty built on a foundation of personal responsibility. That is how we built this great nation, not by wealth redistribution. Madison said in Federalist No. 10 that government attempting to make and equal distribution of property was a improper and wicked project. You should read Federalist No. 10.

        • Mike

          at

          Why are corporations taxed? Well they do benefit from many public goods such as roads, laws and law enforcement, public goods (water resources, emissions into the air, use of public rights of way and airwaves)… seems kinda obvious to me.

  42. you all sound like 10 year olds making fun of someone on the school play ground. be happy and kind perhaps listen and try to learn something from another view in someone else’s shoes. keep up the shitty comments you simply make this nasty world worse.

    Your Mother

  43. greg

    at

    You cant have a profit if your broke

  44. Car Guy

    at

    I love Tesla and am glad that they are finally working out financially. Cant wait to see what they come out with next!

  45. $70,000 to $100,000 per vehicle? I would call that a loser for America every day and twice on Sundays.

  46. Curious to know how well it does on the NYS thruway, stuck in a foot or more of snow for 24 to 48 hours along with hundreds of other cars, trucks and semi’s… Better have a really, really long extension cord in the trunk! My guess is it’s just a “summer car” for those of us who live north of the Mason Dixon Line…

  47. steveg

    at

    Heck, 70-100k for a new vehicle will seem like a bargain in a few years!!!!

  48. Paul

    at

    What a silly article. The author had a point to make and was looking for a story to back it up. This little company turned its first profit this quarter? So it’s a winner? Have you analyzed its books to see what the substance it behind the accounting profit. I haven’t, so I can’t pronounce it a winner or a loser yet. And even if I did understand the company and analyze its statements, just because I think it is a winner or loser means nothing. Will it turn a profit next quarter too? What about in a year? Silly article. Stop bashing Romney, the election is over. He had a fabulous career, both in business, politics, and has a beautiful family. Start bashing the president now, he’s the one that is looking more and more like a loser now. He won the mud-slinging contest. Now he’s got to fix something. Haven’t seen anything along those lines yet. Have you?

    • BRAVO, PAUL. I fear your question was too close to the heart of these blind, ridiculous obamabots…. It will go unchallenged.

  49. Dave Brown

    at

    Tesla motors S class car, the cheapest Tesla car available cost about $ 50,000.00 with a government subsidy of $7,500.00 meaning the real cost of the car is $57,000.00! How many people can afford a $60,000 car? There is one quarter of profitability. Let’s see how this works out in the long run. The car is touted to have a 160 mile range then requires a 1 hour charge. Now Fisker motors is going bankrupt after $500 million government loans. The Chevy volt isn’t doing well. Obama has spent over 50 billion on green energy companies that have failed. Even a blind squirrel finds an acorn once in a while! Here is a list of Obama’s green energy failures! About $50 billion worth! http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

  50. NOTEASYBEINGGREEN

    at

    Yeah, yeah, yeah, the check is in the mail.
    Tell me about it in 2017. Right now it’s just liberal hype.