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View Full Version : The regime's next green debacle ...



LWW
01-15-2012, 05:25 AM
A few hundred million dollars here and a few hundred million dollars there ... the next thing you know it's a lot of money!

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Palo Alto electric-car maker Tesla Motors (TSLA) slid 19 percent Friday after the company said both its chief engineer and director of chassis engineering for the Model S luxury car left the company just months before the rechargeable sedan goes on sale.

Peter Rawlinson, Tesla's vice president and chief engineer, and Nick Sampson, who supervised vehicle and chassis engineering, departed this month, Ricardo Reyes, a company spokesman, said in an emailed statement Friday.

"Having completed conceptual and design engineering work on Model S, Peter has decided to step away to tend to personal matters in the U.K.," Reyes said. Sampson had "fully transitioned" off the Model S at the time of his departure, Reyes said without elaborating.

Tesla, recipient of a $465 million U.S. loan to build its rechargeable models at the former NUMMI plant in Fremont, plans to begin producing and selling Model S cars by midyear. The company last month said initial versions, able to travel as far as 300 miles per charge, will sell for as much as $92,400 before a $7,500 tax credit.

"It may be for personal reasons, but it doesn't look good," said Jim Hall, principal of 2953 Analytics, an automotive-consulting firm. "And for Tesla, looks are very important at this point."

Tesla tumbled to $22.79 at the close in New York, the biggest slide since the shares began trading on June 29, 2010. </div></div>

THE MOONBATTERY CONTINUES! (http://www.mercurynews.com/top-stories/ci_19738170)

Soflasnapper
01-15-2012, 12:52 PM
Not sure what the point is here.

Do you think losing these guys, and the decline in stock value, will cause this company to go into bankruptcy and default on this loan?

Why would that be? I think it won't, given that Mercedes, Toyota and Panasonic are share holders and stakeholders in this company, and plan to license its proprietary electrical drive train, etc., to use in at least Mercedes (possibly Toyotas as well).

cushioncrawler
01-15-2012, 04:25 PM
Tesla.
Steal.
Least.
Slate.
Stale.
Tales.

cushioncrawler
01-15-2012, 04:26 PM
Haz any company ever gone into bankruptcy koz of decline in stock value???
mac.

LWW
01-15-2012, 04:56 PM
Many.

Soflasnapper
01-15-2012, 05:47 PM
Probably more than one has, but I'd argue only if they no longer had a viable business model and were relying on a confidence game (thinking of Enron or Lehman Bros.).

If there is a real business model, the company will fail or thrive on business parameters like gross sales, gross costs, gross and net profit margins, and not at all on the vagaries of how the stock market values its stock on this or that day or week.

LWW
01-16-2012, 03:00 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">Probably more than one has, but I'd argue only if they no longer had a viable business model and were relying on a confidence game (thinking of Enron or Lehman Bros.).

If there is a real business model, the company will fail or thrive on business parameters like gross sales, gross costs, gross and net profit margins, and not at all on the vagaries of how the stock market values its stock on this or that day or week.

</div></div>

And if such a company cannot survive without massive gubmint funding, then there is no true business plan at all.

This, along with FISKAR ... SOLYNDRA ... and many more are merely fleecings of the taxpayer in pursuit of moonbat wet dreams.

cushioncrawler
01-16-2012, 03:30 PM
What iz the mormon bizness plan???
Roman Kathlick business plan???
Christianity's bizness plan???

Fleecings in pursuit of wet dreams.
mac.

LWW
01-16-2012, 04:01 PM
They are all Christians.

Soflasnapper
01-16-2012, 04:26 PM
And if such a company cannot survive without massive gubmint funding, then there is no true business plan at all.


Not so fast on that one. All companies require initial capitalization, and many require raising subsequent capital as well. Whether that is raised in the equity markets, or in the fixed income markets through issuing debt as bonds, or from loans and/or loan guarantees from the government, is irrelevant or neutral as to their business plan going forward.

It is not uncommon that a company's inventory for sale is acquired using financing, stretching payment over time, etc.

Sounds as if you claim any company using a Small Business Administration loan must have no business model. Untrue.

LWW
01-17-2012, 04:32 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">And if such a company cannot survive without massive gubmint funding, then there is no true business plan at all.


Not so fast on that one. All companies require initial capitalization, and many require raising subsequent capital as well. Whether that is raised in the equity markets, or in the fixed income markets through issuing debt as bonds, or from loans and/or loan guarantees from the government, is irrelevant or neutral as to their business plan going forward.

It is not uncommon that a company's inventory for sale is acquired using financing, stretching payment over time, etc.

Sounds as if you claim any company using a Small Business Administration loan must have no business model. Untrue. </div></div>

Would you actually like to discuss the failure rate on SBA loans ... which, in reality, is merely another wealth redistribution program.

You can, as expected, defend the actions of this regime like a good agitprop ... but the failure of it remains clearly visible to all clear thinking people.

cushioncrawler
01-17-2012, 04:17 PM
The usofa thrives on death and failure -- death iz the backbone of the usofa system -- the thriving bit would be weaker if not for the dieing bit.
But that success and system stops when the usofa dies.

What would a dead usofa look like -- dunno -- something would rize -- but what -- what would it look like. We will havta wait and see.
mac.

cushioncrawler
01-17-2012, 04:19 PM
Wonder what sort of green things are happening in China -- i will havta google and see.
mac.

Soflasnapper
01-17-2012, 04:26 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Last year's failure rate is a sharp increase over past years. In 2004, the SBA loan failure rate was 2.4%, but it has increased each year since, rising to 8.4% in 2007, according to Coleman's calculations. The 2008 failure rate of nearly 12% covers the fiscal year that ended on Sept. 30. In that year, the SBA's 7(a) and 504 programs approved 78,324 loans, totaling $18.2 billion.

"The numbers are brutal, but it validates what we already know," said the report's editor and publisher, Robert Coleman. "In towns, we see established businesses going under every day, and [I've heard] bankers say their small business portfolios have become a disaster."

Doing its own calculations based on defaults in December - which falls in the agency's 2009 fiscal year - the SBA came up with a annualized default rate of around 5%, based on the total dollars lent. Calculating defaults based on the number of loans made, the default rate for the 2008 calendar year was around 10%, according to the SBA.</div></div>

From early '09 (http://money.cnn.com/2009/02/25/smallbusiness/smallbiz_loan_defaults_soar.smb/)

LWW
01-18-2012, 02:06 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">Wonder what sort of green things are happening in China -- i will havta google and see.
mac. </div></div>

It ain't a pretty sight.

LWW
01-18-2012, 02:20 AM
From your link:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Bank lending to small businesses has dried up in recent months. One reason credit has grown scarce: They're risky loans. A new analysis of Small Business Administration-backed loans found that the failure rate has hit the double digits, with 11.9% of the SBA's loans last year going into default. </div></div>

Even in the distressed housing market ... the rate is only 5.3% from the most current data.

Under standard, non gubmint interventionist, lending guidelines ... if you get past 2% delinquency rates you are in trouble.

These numbers prove, again, that gubmint meddling in lending is disastrous.

When you have a loan that no lender will touch without Uncle Sam tattooing the note ... there is a reason for it.

The reason is the loan is too risky to be profitable.

HOLY PAST DUE ACCOUNTS BATMAN! (http://data.newyorkfed.org/creditconditionsmap/)

Qtec
01-18-2012, 08:52 AM
So what happens when the oil runs out? What's your plan?

Oh...I know...blame the Dems....LOL.

What happens when even the die hard Koch followers cannot dispute the the CC any more?

Blame Clinton?



Q

Soflasnapper
01-19-2012, 05:50 PM
There is nothing 'current' about using numbers from Sept. 30, 2010. That's 16 months ago, and things are worse than that now.

But as of that time, with a national average of 5.3% at 90-days delinquent or worse, what were the rates of that delinquency here in south Florida?

For Palm Beach County, 15.9%. For Broward, 18.3%. For Miami/Dade, 22.7%.