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Print 68 comment(s) - last by jack daniels e.. on Mar 2 at 2:25 PM

Musk only needs half the time given to pay loan

Electric vehicle maker Tesla received a loan from the U.S. Department of Energy to the tune of $465 million. The automaker has until the end of the decade pay off the loan, but CEO Elon Musk believes that Tesla will be able to pay off the entire loan in half the time.

The loan was granted to Tesla under the Advanced Technology Vehicles Manufacturing loan program and allowed the automaker to retool an automotive manufacturing plant in California. Tesla uses that plant to produce the Model S electric vehicle, and has recently stated that it will be able to produce 20,000 of the sedans during 2013.


President Obama and Elon Musk

Despite seeing a significant increase in revenue, the automaker lost nearly $90 million during the last quarter and lost approximately $400 million during all of 2012. This news sent Tesla shares downward last week.
 
Musk also got personally involved in a dustup with the New York Times over what he saw as an unfair and dishonest review of the Model S. According to Musk, the bad publicity cost the company $100 million.

Source: Technology Review



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RE: Great photo
By soulcarver on 2/28/2013 11:35:21 AM , Rating: 2
Have you watched that whole speech raw and not cut up? I'm an independent and no fan of Obama, but he was talking in the context of infrastructure investments and government investments in things like ARPANET which gave rise to the internet. The "you didn't build that" quote was him talking about these government investments in public goods that businesses now profit off of. Cherry-picking lines doesn't help your case if you want to sway people like me to your political views. Calling everyone who disagrees with you a Marxist doesn't either.


RE: Great photo
By Dorkyman on 2/28/2013 12:44:34 PM , Rating: 1
At the same time I think it should be blatantly obvious to anyone that Messiah is a collectivist, one who believes in the idea of "from each according to his abilities, to each according to his need." Geez, he made a big deal about his "community organizer" talent when he ran for President. He believes in his very core that an ideal government is one which features a belevolent father in Washington DC handing out favors and steering the country towards a glorious future. After all, they know better than you how to spend all that money you earn.


RE: Great photo
By Pirks on 2/28/2013 1:35:09 PM , Rating: 1
quote:
they know better than you how to spend all that money you earn
Exactly. They spend your money on NSF grants that in 100 years will yield a new space drive that would allow us to easily deflect incoming asteroid in 2135 or something like that. You, on the other hand, will spend your money on iToys, hookers and vodka (figuratively speaking of course), would you EVER give a DIME to some obscure mathematician from Harvard doing some voodoo equations and distributed Matlab magic that will be a foundation of a new space drive in 2128 or so?

See, government pretty much knows where to invest money. It's the government who invests money in fundamental science which drives all the planet. It's the government, not you or any other Reclaimer style redneck, who gave large sums of money to scientists developing foundations for modern fusion plasma physics, ITER, semiconductors, UV lithography, GPS and everything else you rednecks take for granted.

You know how much I wanted Gates, Jobs, IBM, Google, Ford, GM, GE, Raytheon, etc etc to invest like 20% of their profit in NSF grants and support fundamental studies and related graduates and undergrads? I want this to happen MUCH more than any Reclaimer redneck. But I, unlike you and Reclaimer rednecks, know for sure this will NEVER happen. Companies NEVER invest in fundamental science because it is the kind of investment that gives 10000% ROI... BUT NO EARLIER THAN IN 100 YEARS (in best case)

No one but the government will do such a crazy investment. See, I hate commies just like any other redneck like Reclaimer but you have to get some basic education and knowledge how the fundamental science works before spewing your BS here okay? ;)


RE: Great photo
By Solandri on 2/28/2013 4:40:10 PM , Rating: 2
quote:
See, government pretty much knows where to invest money. It's the government who invests money in fundamental science which drives all the planet. It's the government, not you or any other Reclaimer style redneck, who gave large sums of money to scientists developing foundations for modern fusion plasma physics, ITER, semiconductors, UV lithography, GPS and everything else you rednecks take for granted.

Actually, corporate R&D spending exceeds government R&D spending by more than 2:1.
http://www.aaas.org/spp/rd/guitotal.htm

I don't get what the big deal is. There is certain research (primarily industry-specific) which is better conducted by companies in the business. Some of it is beneficial to general research, like gains in DNA sequencing speed due to wanting to sell equipment which sequences faster. There is other research (primarily those with no immediate industrial applications) which is better conducted by government. And some of it is beneficial to industry-specific research.

IMHO any plan which calls for elimination of either government research or corporate research, is foolish and based solely on ideology rather than common sense.


RE: Great photo
By SPOOFE on 2/28/2013 5:15:29 PM , Rating: 2
quote:
would you EVER give a DIME to some obscure mathematician from Harvard doing some voodoo equations and distributed Matlab magic that will be a foundation of a new space drive in 2128 or so?

If he set up one hell of a Kickstarter, yup.


RE: Great photo
By Pirks on 2/28/2013 6:16:51 PM , Rating: 2
He can't set up Kickstarter because he can not predict the future, otherwise he may realize it's some other mathematician who should Kickstart his thing because it's this other mathematician's formulas that will shape the future. In other words, if you can't see the future, you don't know if it's your fundamental research that's going to reshape the planet or is it someone else's. So what's the point in Kickstarting it if maybe you're wrong and the other mathematician should Kickstart it for his more relevant stuff, not you?


RE: Great photo
By Reclaimer77 on 2/28/2013 6:17:16 PM , Rating: 2
quote:
See, government pretty much knows where to invest money.


AHAHAHAHA!!!!!!!!!!


RE: Great photo
By Pirks on 2/28/13, Rating: 0
RE: Great photo
By Reclaimer77 on 2/28/2013 7:24:11 PM , Rating: 2
I wish I was illiterate, then I wouldn't be able to read your retarded garbage Pirks.

p.s. if you're going to insult someone, try and have it actually make sense. Clearly I can read.


RE: Great photo
By Pirks on 2/28/13, Rating: 0
RE: Great photo
By Samus on 2/28/13, Rating: 0
"I f***ing cannot play Halo 2 multiplayer. I cannot do it." -- Bungie Technical Lead Chris Butcher














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