Boz
Boz
Joined: Sep 22, 2011
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July 20th, 2017 at 7:15:14 PM permalink
Today this guy who has never made $1 says he is building an Underground Railroad along the East Coast. Considering he wants to go to space, sell electric cars and save the world, who actually believes him?

The world has evolved while still dealing with scam artists, which one is he?

I see him like this carpet cleaning guy from 30 years ago on a larger scale.


https://en.m.wikipedia.org/wiki/Barry_Minkow
billryan
billryan
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beachbumbabs
July 20th, 2017 at 8:16:06 PM permalink
I do, for one. He has made me tens of thousands of dollars .Could have been hundreds of thousands but I sold my Tesla stock when it hit certain benchmarks. Half at $50, then half at $80 , then half at $120 and the rest at $200. Anyone who believed in his vision from the getgo has done very well.
If you are looking to compare him to someone, try Nikola Tesla himself.
It's what you do and not what you say If you're not part of the future then get out of the way
QFIT
QFIT
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July 21st, 2017 at 4:28:51 AM permalink
SpaceX has flown ten supply missions to the International Space Station using a rocket they designed. They have successfully re-launched and landed the first stage of an orbital rocket. No government has done this. Tesla has sold 200,000 cars. Orders for the Tesla 3 are so large there is an over one-year wait if you order now.

Time will tell if these enterprises have a long history or fizzle. But, this is no Ponzi scheme. He builds things.
"It is impossible to begin to learn that which one thinks one already knows." -Epictetus
Boz
Boz
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July 21st, 2017 at 4:30:26 AM permalink
Quote: billryan

I do, for one. He has made me tens of thousands of dollars .Could have been hundreds of thousands but I sold my Tesla stock when it hit certain benchmarks. Half at $50, then half at $80 , then half at $120 and the rest at $200. Anyone who believed in his vision from the getgo has done very well.
If you are looking to compare him to someone, try Nikola Tesla himself.



Yes many have done good on the stock, as did early investors with Bernie. But his companies have never made $1 profit, which was my point. Time will tell.
beachbumbabs
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beachbumbabs
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SOOPOO
July 21st, 2017 at 4:32:40 AM permalink
Quote: billryan

I do, for one. He has made me tens of thousands of dollars .Could have been hundreds of thousands but I sold my Tesla stock when it hit certain benchmarks. Half at $50, then half at $80 , then half at $120 and the rest at $200. Anyone who believed in his vision from the getgo has done very well.
If you are looking to compare him to someone, try Nikola Tesla himself.



I, for two. He's thinking big and different, and well ahead of his time. He's not really a specialist in any one discipline. He just asks himself, "where could we be in 100 years, or 200, and what goals should we set to get there?" And then he finds people who have pieces of possible answers and sets them to work.

It's a better world with him in it. We need visionaries. Maybe he doesn't see a dime in his lifetime, but I bet in 100 years, when we're routinely on Mars and living in space, on underground super trains, in solar-electric driverless cars, those alive will revere him.
"If the house lost every hand, they wouldn't deal the game."
TigerWu
TigerWu
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July 21st, 2017 at 8:06:48 AM permalink
He's no scam artist, he's just a helluva entrepreneur... worse case scenario is his eyes are bigger than his stomach.
sabre
sabre
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gamerfreak
July 21st, 2017 at 9:15:56 AM permalink
Running a business with a net operating loss because you're plowing money into expansion (home Depot) or r&d (Tesla) isn't in the same league as stealing and lying about investing it. It's not even the same game. Nor played on the same planet. Nor universe.

It's an absolutely absurd comparison.
billryan
billryan
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July 21st, 2017 at 10:16:22 AM permalink
Quote: Boz

Yes many have done good on the stock, as did early investors with Bernie. But his companies have never made $1 profit, which was my point. Time will tell.




Paypal never made money?
It's what you do and not what you say If you're not part of the future then get out of the way
TigerWu
TigerWu
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July 21st, 2017 at 10:28:49 AM permalink
Quote: Boz

But his companies have never made $1 profit, which was my point. Time will tell.



That's not unique to Madoff or Musk.

http://www.foxbusiness.com/markets/2015/10/30/big-companies-without-profits-amazon-twitter-uber-and-other-big-names-that-dont.html

http://business.time.com/2013/10/29/these-8-internet-companies-are-worth-over-1-billion-but-they-havent-made-a-dime/

I think a few of these are outdated in that they are now making a profit, but the point is it's not unusual for a gigantic company to not be "making any money."
billryan
billryan
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July 21st, 2017 at 12:18:49 PM permalink
That was my business model.
Lose money on every sale, but make it up with volume.

Amazon bled money for years, and Netfflix, Uber and Lyft are doing so now.
It's what you do and not what you say If you're not part of the future then get out of the way

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