Tesla - Is Elon losing it?

[rick3000]

I am not against what Telsa is trying to do with electric cars, but funding your current operations with pre-sales of promised future products that are almost always delayed sounds a whole lot like a Ponzi scheme to me. Their is no law against what they are doing, but I wouldn't invest my money with them. I have a seen few stories of it taking 3-6 months to get the "refundable" Model 3 preorder back because Tesla has no cash.

Telsa investors are making the bet that Elon Musk will be able to mass producing electric cars, and that the cool factor of a Tesla will support premium prices. This is all while BMW, Volvo, Porsche, Ford, Toyota, etc are all beginning to get into electric cars and know how to execute and deliver on time at the promised price point.

Tesla has the cool factor, but so far they have shown absolutely no evidence they can mass produce a car on time or on budget. I think Elon needs to focus more on execution and less on launching cars into space.

Just my $0.02.