Elon Is PISSED

"PatBateman" (PatBateman) 02/10/2015 at 15:37 • Filed to: Tesla

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Apparently, Tesla only sold 120 cars in all of China last month. Mr. Stark... I mean, Musk is threatening to start firing Tesla China managers if they don't rectify this pronto.

Story developing, just off the Reuters ticker on my desktop at work.

ETA: Tesla stock just erased all of it's gains for the day, someone just shat out 4,500 shares onto the market at 3:23 EST. Apparently, Tesla is declaring 2014Q4 earnings tomorrow.

Also, do you have any idea how difficult it is to find an "angry" pic of Elon Musk online?! He's apparently the happiest guy in earth (always smiling).

TheHondaBro > PatBateman 02/10/2015 at 15:40

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He is obligated to make his home planet proud.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > PatBateman 02/10/2015 at 15:44

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What he is going to have to do is bribe some high end officials and have them "encourage" the wealthy to consider the Tesla as a premium car. Once that is done, they will fly out of the showroom.

PatBateman > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 02/10/2015 at 15:46

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Nah. The wealthy do what they want. And what they want is for the government to do what they want. And they get what they want.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > PatBateman 02/10/2015 at 16:05

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Within reason. Don't think the communist powers-that-be don't still have plenty of juice when their palms are properly greased.

PatBateman > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 02/10/2015 at 16:07

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Maybe they'll try for some government contracts or something. I wonder that the stigma there is? Other than the prohibitive cost of the car to the vast majority of the population, of course.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > PatBateman 02/10/2015 at 16:17

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Hell, that's the only problem with them here too.

PatBateman > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 02/10/2015 at 16:29

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When you look at what they make vs what we make, the percentage of well-off Chinese pales in comparison.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > PatBateman 02/10/2015 at 16:32

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That is true. But I could easily imagine that car being used for some kind of fleet prestige company car for various management-class types. That number would still be a damn sight higher than 120.

Manuél Ferrari > PatBateman 02/10/2015 at 18:11

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Threaten to "fire"?

That's not going to work in China

He needs to threaten to execute them

GenericSpoon > Mr. Ontop, No Strokes, No Smokes...Goes Fast. 02/10/2015 at 18:24

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I don't know about bribes to create demand but my uncle's company opened an office in Beijing a few years ago and he had to pay off so many people at every government level to get permission to operate out of that location he said the bribes cost way more than the cost of the offices and furnishing/setting the place up. Crazy enough, that's not the worst story he's told me; that honor goes to the one about two of his employees on a business trip in Mexico who got arrested for ''speeding'' and bailed themselves out at the station by retrieving money from an ATM conveniently located at the back of the police station.

Mr. Ontop, No Strokes, No Smokes...Goes Fast. > GenericSpoon 02/10/2015 at 18:39

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I live near the border and used to do business in Mexico. I find that story to be 100% believable.