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Toker Villain
Big Wall climber
Toquerville, Utah
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Sep 17, 2018 - 06:51pm PT
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Some people that lose a lawsuit appeal or fight or resist or move to another state where the winner couldn't afford to travel to in order to collect.
Others are pussy, badge kissers who pay up but then whine like victims for decades.
I think Musk is a fighter (but he could use a delay tape and team of editors. lol)
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ecdh
climber
the east
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Sep 17, 2018 - 07:23pm PT
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musk needs to stick to his cars and vanity projects and leave pro cave diving rescue to the experts. insulting one of the few guys who had a handle on that scenario because they didnt want his favorite toy just shows musk up as a whiny little bitch.
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FRUMY
Trad climber
Bishop,CA
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Sep 17, 2018 - 07:55pm PT
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Like 75 grand + legal fees is going to bother Mr. Musk.
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tooth
Trad climber
B.C.
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Sep 17, 2018 - 07:56pm PT
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I'm interested in the outcome of both the lawsuit in CA and the one being filed in England. I wonder what the justice systems will determine. Vern was offered pro bono legal services, I wonder what took him so long.
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FRUMY
Trad climber
Bishop,CA
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Sep 17, 2018 - 08:15pm PT
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No one with a brain in their head wants to be involved in a lawsuit.
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Reilly
Mountain climber
The Other Monrovia- CA
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Sep 18, 2018 - 09:08am PT
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The hypocrisy of this hugely polluting turoid space flight while ostensibly saving us from ourselves with electric cars is beyond ironic.
Also ironic that Elon’s erstwhile Saudi Saviors have turned on him and invested in a rival.
Stay tuned for tomorrow’s edition of “As The Musk Turns”!
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the Fet
climber
Tu-Tok-A-Nu-La
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Sep 18, 2018 - 10:31am PT
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It's interesting that Musk generates such animosity. Jealousy?
I watched most of the video above. First time I've listened to him speak at length. Musk definitely fits the profile of Autism Spectrum Disorder in many ways (strange behaviors, unusual technical ability, social awkwardness).
It may all be a big act but I take him at his word (with a grain of salt) until proven otherwise. Really interesting how SpaceX would have gone out of business if the 4th attempt at their small orbital rocket failed. I think he really does want to make humanity a multi-planet species in case a natural or man made disaster renders the Earth unlivable. That may be a pipe dream (in the near future anyway) but that's a pretty noble goal to potentially save humanity (or at least to try to inspire people to see it's possible and do that in the future). I didn't know he was so forthright, he said he never guaranteed dates, he gives kind of best case scenario dates but if things go wrong those dates get pushed back and that's to be expected. He was also really honest about the dangers and potential for failure in this project. Not many CEOs are that candid.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Sep 18, 2018 - 12:20pm PT
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"Blunt talking and blunt smoking" LOL
Yeah, whole lotta haters,..
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ecdh
climber
the east
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Sep 18, 2018 - 03:58pm PT
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i had a peripheral interest in musk 5 years ago when he emerged in the popular press. not really different, just new to me. theres been a long line of white-knight techno saviours since the industrial revolution, who will save us all from ourselves - but its all been bullsh#t. the threats to life on planet earth and beyond wont be resolved by the ultra rich investing in techno-masturbation, weve already registered that.
maybe he is a do-gooder with great intentions and a genius perspective, but hes applying it all to the 1% whilst the 75% of the problem thats below the waterline - wont balance it out.
yes theres an argument that enlightening the 1% who run the majority of the planets resources has huge effect, but its unlikely to be by sending them on holidays.
we dont have the time to wait 30 years for space flight to trickle down to the common man the way jet flight did.
musk is an example of distraction by fantasy, like jobs and hughes before him. hard to other than cynical about him, especially as he shows himself to be a wanker as well.
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tooth
Trad climber
B.C.
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Sep 20, 2018 - 03:29pm PT
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Tesla has been trying to get a track car good enough to compete and not overheat (or start on fire). The model S still isn’t there yet apparently, although the model 3 is showing signs of possibility.
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Reilly
Mountain climber
The Other Monrovia- CA
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Sep 26, 2018 - 11:01am PT
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So today Der Wunderkind was whining that Tesla’s delivery problems are due to a lack of car
carrier trailers! Seriously? I don’t hear GM, Ford, Toyota, or Nissan whining about that and
they need, what, 50 times as many? IT’S A CONSPIRACY I TELL YA!
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FRUMY
Trad climber
Bishop,CA
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Sep 26, 2018 - 12:56pm PT
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Welcome to the car biz. did the big boys lease all the car carriers? Bad management - poor planning? I still would not short Tesla yet.
With all his problems he is the one & only one pushing the electric car along. He's making Audi & everyone else step up.
In fifty years how many of these things will be laying around in fields and or crashed and left behind someone's house, everywhere cars & trucks are left now. Highly toxic & leaking.
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MikeL
Social climber
Southern Arizona
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Sep 26, 2018 - 07:12pm PT
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Frumy: Welcome to the car biz. did the big boys lease all the car carriers?
Hmmmm. Maybe, but I might doubt it.
It may not be a tradable commodity on an open exchange, but if supply and demand did not match regularly, then the industry would expand or contract structurally. Normally you'd see quick entrepreneurs find those open spaces and fill them.
If this sort of problem would happen often and in a costly way for auto producers, they'd take the function on in-house (vertical integration). (How much value are these auto carriers appropriating?)
Market economies are usually pretty good at finding pockets of profitability and competing them down to the cost of capital. That is, down to the level of minimal profitability. Entrepreneurs can be like wolves, searching for prey.
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FRUMY
Trad climber
Bishop,CA
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Sep 26, 2018 - 08:44pm PT
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I'm not sure what to say.
How do you think cars get from OEM's to dealers.
Do you think its the same day in day out?
Do you think maybe the OEM's contract out a huge portion If not all their rail & truck transportation?
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mcreel
climber
Barcelona
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Sep 26, 2018 - 11:03pm PT
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This guy is melting down faster than bitcoin.
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MikeL
Social climber
Southern Arizona
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Sep 27, 2018 - 08:35am PT
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Frumy: Do you think maybe the OEM's contract out a huge portion If not all their rail & truck transportation?
They might well. It depends upon whether it pays them to have others do it for them—IF outsourcing makes economic sense. If it doesn’t, they’ll find a way to do it themselves. They could establish strategic alliances (where both partners sink or swim together), joint ventures (creating other organizations together), or they could even fund new competitors who could serve them (like IKEA did in Eastern Europe long ago with manufacturers who had excess capacity or as Intel venture capital did with some of its more technologically advanced suppliers).
If a partner upstream or downstream is appropriating too much profit from an industry consistently, the industry will do something about it. In the airline industry, wildly fluctuating fuel prices became managed (lower risk) with futures and options contracts on the open exchange.
Other than the trailers (which I doubt are all that costly compared to the tractors and labor), I don’t see highly specialized assets that would enable an industry (automobile transportation-delivery) to establish consistent defensible market positions and power. It’s likely a fragmented industry with no large dominating players. (Oligopolies are sure signs of market power.) All fragmented industries show minimal profitability equal to their risk factors; and they tend to be rather competitive.
Industries establish market power (and super-normal profitability) because they have highly specialized assets or skills that are difficult to build and imitate. Highly specialized assets *must be built or protected* rather than bought on the open market. Trucking wouldn’t seem to satisfy those qualifications (from my reckoning). What would be the specialized assets (knowledge or tangible or intangible assets) or specialized skill sets?
Rail, for example, has highly specialized assets (rolling stock and rail networks), but the substitutes for rail are increasing (commercial trucking, air, digital delivery), and that has tended to depress the industry's profitability. Rail is competitive (look at pricing), and the industry has eked-out some success because it is a regulated duopoly, and the competitors have invested considerably in efficient scheduling and operations (specialization of assets).
Most people of my background believe that all sustainable superior competition comes from unique and highly harmonized sets of core competencies that create best-of-class performance. Industries that experience erratic fluctuations in demand and profitability are usually commodity-based industries. Hardly any of them are territories in to mine sustainable superior profit.
At the end of the day, contemporary economists will argue that over time, every industry’s profitability will decline to zero profitability (equal to its cost of capital). The cost of capital for an industry turns on assessments of financial and political risk. Where there is little risk, the cost of capital will be small. Where there is a lot of risk (think high tech, for example or an industry in a 3rd-world country with expropriation tendencies), the cost of capital will be high.
There is no long-term future in any industry where there are zero profits (equal simply to the cost of capital in that industry).
(I apologize if this has been academic.)
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FRUMY
Trad climber
Bishop,CA
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Sep 27, 2018 - 08:36am PT
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No, they may not need to they DO.
OMG.
Stop with what should happen & start with what is happening.
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MikeL
Social climber
Southern Arizona
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Sep 27, 2018 - 08:42am PT
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Then it's unlikely that all the capacity has been appropriated by "the big boys," as you put it. At leas, I would say that the event would be extraordinary and will right itself in the next cycle structurally.
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