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@240ZMusk makes PT Barnum look like a piker.
All while singing "Space Oddity" by David Bowie.
With Tesla the jury is still out, let see if they can solve the battery problem.
The ongoing deterioration of gross margins is alarming. Tesla is now claiming 18% gross margins as opposed to a corporate goal of 30%-plus gross margins.However, even the 18% gross margin number is not credible. The reality is that, by offering high and unsustainable resale value guarantees, the company is claiming high gross margins. But such tactics go only so far. The company has to give back these gross margins when the older cars come back to Tesla for resale. Tesla includes these costs in the service business. Note that the losses in service business have increased greatly over time. In Q3, the service business gross margin was negative 20%. Adjusting for the service business, Tesla gross margin dips below 15%.We have repeatedly pointed to the heavy discounting that Tesla uses to move to the right on the demand curve and the impact of that shift is evident. Note that in spite of a 18% jump in units from about 22K in Q2 to 26K in Q3, revenues have hardly budged. In other words, the company needed to collapse the ASPs by nearly 18% to maintain the growth narrative.While some of the ASP decline was due to change in mix toward the lower end 75 kWh mode, discounting during the quarter to drive sales has truly been spectacular.The company claims the discounting was a “one-time†thing in Q3 but, ironically, later in the call, discussed how the gross margins are going to be lower in Q4. Looks like Tesla’s one-time discounting, which started in Q3 of 2016, will repeat for at least one more quarter.
Many American families have worked all or most of their careers, riding government contracts for "defense" and "national security," knowing full well the extent of corruption, inefficiency, etc.
Or maybe the more obscure Planet P Project - Why Me?
The next launch will play B-52s and put a Plymouth Satellite in orbit around Planet Claire.
A sentient, massive entity which threatens Earth in 2271, en route to find its Creator Saint Elon.... Sounds like a nice movie plot for a sequile.
@Wingnut You may not be aware of this, but this is how the first Transformers were born.
That is a Beep beep you bleep bleep.
¿Que’?
I was surprised to find out that there are no thrusters on this payload. Can't figure out why SpaceX ever thought that they would never have to do any course corrections?
Because that wasn’t the point of the mission. This mission was all about proving that their heavy launch vehicle works.
Well Hells Bells. I'm removing the brakes on my car then. Brakes are for quitters. I want to be like Musk.
The picture was of a Plymouth Road Runner. Beep Beep!
I just followed the article description. http://www.hotrod.com/articles/12-second-street-legal-1968-plymouth-satellite/
“The Satellite has only 51,000 original miles, and although someone put a Road Runner hood on it at some point, all the body panels are original."Oh, a poseur car. I hate poseur cars.
They call that a "Recreation" in the hobby. It adds 20% over what the value of a Plane Jane loser car would normally be at.
Musk just wants to brag that his Tesla cars are out of this world and that he's got more miles on a Tesla than any other car in history...
