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TSLA - Tesla Motors
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TSLA - Tesla Motors

  #211 (permalink)
Trading Apprentice
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California Electric Car Startup

Mysterious electric car startup looking to build $1B factory - SFGate

Mysterious electric car startup looking to build $1B factory

LOS ANGELES (AP) — The luxury electric car market may be small, but it's lucrative enough to get another jolt — this time from a mysterious startup that says it wants to re-imagine how people interact with their autos.

The startup's name is Faraday Future, and it has been hunting for a place to build what it says will be a $1 billion manufacturing plant for a new line of cars. Four states are contenders and the company says to expect an announcement within weeks.


Headquartered in a low-profile office just south of Los Angeles, Faraday is holding a lot of details close. Though it won't confirm the source of its funds, documents filed in California point to a parent company run by a Chinese billionaire who styles himself after Apple's late Steve Jobs.

Based on the few other public clues, Faraday is following the path blazed by Tesla Motors, its would-be rival hundreds of miles away in Silicon Valley.

Like Tesla, Faraday's car will be all-electric, and debut at the high end.

The startup of about 400 employees has poached executive talent from Tesla and also draws its name from a luminary scientist — Michael Faraday — who helped harness for humanity the forces of nature.

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  #212 (permalink)
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marin View Post
The luxury electric car market [...] it's lucrative enough to get another jolt

No, it's not. No one is currently making any profit on EVs and the lackluster growth we saw the last two years has dropped off.

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  #213 (permalink)
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  #214 (permalink)
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And now, part IV of the story


ourssolaire View Post
This may already have been posted somewhere in this thread, but I'm going to post it anyway. For those of you who don't yet "get" what Elon Musk is trying to achieve with Tesla and his other companies (Space-X being the main one), I highly recommend reading the series of blog posts by Tim Urban:

Part 1: Elon Musk: The World's Raddest Man - Wait But Why
Part 2: How Tesla Will Change The World - Wait But Why
Part 3: How (and Why) SpaceX Will Colonize Mars - Wait But Why (warning: long post!)

So I'm long Tesla stock as a conviction buy despite all the media noise (I can only imagine the amount of money spent by his competitors trying desperately to discredit the company...).

Most likely the stock will take another hit next week if earnings miss in the slightest, but hey I see that as a buying opportunity

Here's Tim's next installment on the wonder that is Elon:
Part 4: The Cook and the Chef: Musk's Secret Sauce - Wait But Why

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  #215 (permalink)
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I am taking my wife to look at the model X this weekend.

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  #216 (permalink)
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tturner86 View Post
I am taking my wife to look at the model X this weekend.

Let us know your impressions.

Mike

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  #217 (permalink)
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Big Mike View Post
Let us know your impressions.

Mike

Too bad I can't test drive in Texas.

I will have to look for a test drive event or go to New Mexico to test drive one.

Worst comes to worst we may try and test drive one when we visit Portland again. (If I would have thought about it I would have in August.)

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  #218 (permalink)
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tturner86 View Post
Too bad I can't test drive in Texas.

I will have to look for a test drive event or go to New Mexico to test drive one.

Worst comes to worst we may try and test drive one when we visit Portland again. (If I would have thought about it I would have in August.)

I believe on the Tesla motor club forums you can find people that will let you come to their house or meet you somewhere for a test drive.

Mike

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  #219 (permalink)
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Big Mike View Post
I believe on the Tesla motor club forums you can find people that will let you come to their house or meet you somewhere for a test drive.

Mike

Wow Mike, just wow.

The Model X is amazing. We didn't get to drive one but the manager had one (I don't know if it was his personal or what.) But an employee was taking people for rides in it.

And of course during our test ride we get pulled over by the DPS because the trooper wanted to look at the car!

Well made, solid, beautiful. Ludicrous mode is the apt name as it was ludicrous...

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  #220 (permalink)
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tturner86 View Post
Wow Mike, just wow.

Here's Our Video Look At What It's Like To Drive The Tesla Model X



Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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