Industry Media Clips

Why this could be a tough quarter for Tesla
(Bloomberg 02/09/16)
David Kirkpatrick, chief executive officer at Techonomy, and Bloomberg's Cory Johnson preview Tesla earnings and discuss the outlook for the company. They speak to Bloomberg's Emily Chang on "Bloomberg West."

Insight: Tesla burns cash, loses more than $4,000 on every car sold

(Reuters © 8/09/15)
The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using it reckoning of operating losses, and it burned $359 million in cash last quarter....

Not Content With Enormous Taxpayer Subsidies, Elon Musk Turned To Prison Labor For Cost Savings
(The Federalist © 3/04/15)
Disgraced former Oregon Gov. John Kitzhaber isn’t the only big name caught up in the emerging green energy scandal in the Pacific Northwest: SolarCity, the brainchild of billionaire corporate welfare queen Elon Musk, was also heavily involved....

The Tesla Paradox

(The Wall Street Journal © 2/12/15)
Elon Musk isn’t known for modesty, and this week the Tesla Motors CEO laid out his ambition to grow 50% a year and deliver a stock valuation in 10 years of $700 billion—the current valuation of Apple....

Tesla is no Free Market Champion

(Investor's Business Daily © 1/26/15)
Some conservative types have been extolling the electric car company Tesla's fight against archaic and anti-consumer laws that prevent direct-to-consumer car sales. But Phil Kerpen, writing in National Review Online, cautions that Tesla Motors (NASDAQ:
TSLA) is hardly a model of free-market capitalism.

In fact, he says, the company wouldn't last long without massive government subsidies....

2014 was boom year for Austin auto sales

(Austin American Statesman © 1/24/15)
For new car dealers in Austin, 2014 was a very good year.  

The area’s auto sales industry continued its rebound from the economic downturn, as new car sales in the Austin area hit record numbers last year.
Sales of new vehicles in the Central Texas area surged to 130,021, up almost 8 percent from a year earlier.......

Why Tesla is not a capitalist success story

(The Week © 12/10/14)
To say the Tesla S is cool is a serious understatement. It's fast — the 2013 edition can go from 0 to 60 in 5.4 seconds. Its huge battery pack, situated low in the car's body, provides unparalleled cornering. It has the largest and most functional computer screen of any car on the road. And this all pales in comparison to its beauty. The Tesla S just
has that look …

Tesla Is No Success Story
(U.S. News & World Report © 6/03/13)

Tesla Motors, the California-based electric car start-up, has been the subject of a great deal of hype. With the recent news that it repaid its $465 million low-interest loan from the Department of Energy, it's now being heralded as a success story worthy of redeeming the failures of a green-energy subsidy program that has included the likes of Solyndra, Abound, Ener1, and Fisker Automotive. Since then, Tesla's stock value has more than doubled and the company is currently valued at around $12 billion.

Tesla's success is ultimately a case study in the perils of government-granted privilege, its financial success demonstrating a reliance on political favoritism more than an ability to create value....