Relevant:
- Tesla's Pretense Of Model 3 Production Has Been Ripped Away
- Tesla's Model 3 Arrives With a Surprise 310-Mile Range (WORLD'S CHEAPEST, PER MILE!)
- Tesla May Post A Billion-Dollar Loss This Quarter
- Tesla's Cash Crunch Will Intensify As Model 3 Production Shuts Down Again
- Tesla rides Model 3's popularity to its first profit in two years
2017-12-02 — wolfstreet.com
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The unglamorous Model-3-killer is number one. The Chevy Bolt faces no "production bottlenecks" and no "manufacturing hell." It was rolled out gradually, starting in October 2016 in California and Oregon, with other states being added to the distribution plan over time. By August 2017, the Bolt was available in all states. By September, 2,632 Bolts were sold in the US; in October 2,781; and in November 2,987.
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Tesla has used two years of hype surrounding the Model 3 as a way to boost its share price. This allows it to raise many more billions by selling more ludicrously overpriced shares to gullible investors, and by selling more debt to institutional investors who believe that Tesla's ability to sell still more ludicrously overpriced shares to gullible retail investors will in effect guarantee the junk-rated debt they just bought. Few companies have ever been able to perform that scheme at this masterful level.
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