On May 26, 10:38 am, El Castor <DrE...@justuschickens.com> wrote:
> On Sun, 26 May 2013 03:21:05 -0700 (PDT), mg <mgkel...@yahoo.com>
> wrote:
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> >On May 26, 2:23 am, El Castor <DrE...@justuschickens.com> wrote:
> >> On Sat, 25 May 2013 19:47:10 -0700 (PDT), mg <mgkel...@yahoo.com>
> >> wrote:
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> >> >On May 25, 2:09 pm, El Castor <DrE...@justuschickens.com> wrote:
> >> >> On Sat, 25 May 2013 11:25:37 -0700 (PDT), Werner <whetz...@mac.com>
> >> >> wrote:
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> >> >> >Well, yes. But one can still make a profit from selling expensive toys to the rich. I would call that a success.
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> >> >> Even that success, if it exists, is likely to be short lived
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> >> >Tesla's stock has skyrocked, by the way, from about $26 a year ago to
> >> >about $90 the last time Iooked. So, depending on your level of
> >> >confidence in your crystal ball, here's your chance to make a fortune
> >> >by selling it short.
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> >> Are you a buyer? You've read what I have to say about Tesla. Tell me
> >> where I'm wrong. I'm the one who bought a Prius before it was
> >> fashionable -- not you. Barring a marvelous battery or a revolutionary
> >> capacitor, Tesla will fail like every other electric car before it.
> >> I'd like it to be successful, but what I'd like doesn't matter. It's
> >> all about the range and how long it takes to recharge. Maybe Tesla
> >> will be saved by a miracle battery, but until it is, I will stick with
> >> my Prius. You can sink your life savings into the damn thing for all I
> >> care, but I wouldn't if I were you.
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> >I missed the run up on Tesla's stock and have never bought any of it
> >and I don't intend to sell any of it short, either. If I had a crystal
> >ball, like you do, though, making money in the stock market would be a
> >lot easier.
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> The run up was likely caused in part by a short squeeze, which is one
> of the reasons I would never sell anything short. You're the one with
> the crystal ball, not me. I have no interest in the stock, one way or
> another. I don't like Tesla as a car because, despite it's high price,
> the range is limited, and the recharge time is measured in hours, not
> minutes. I have many times driven from San Francisco to LA, San Diego,
> Las Vegas, and Lake Tahoe, with stops to eat and refuel. Refueling my
> Prius takes 10 minutes and I'm good to go 400 miles. Tell me how I do
> that in a Tesla. This isn't a liberal/conservative issue -- it's
> common sense.
Before I retired, I drove a Geo Prism with a 5-speed manual
transmission back and forth to work which was 84 miles round trip.
Combined with the around-town driving, I usually got about 39.5 mpg. I
bought the car when it was one year old, for $11,000, and it already
had 10,000 miles on it. A few months ago, I gave it to my
granddaughter. It had 165,000 miles on it and it still ran like new,
with nothing wrong with it, as far as I know and I only had a few
minor repairs in all those years. So, when you consider the cost of
property taxes and maintenance and gas and insurance, etc., and
prorate the cost of the vehicle over a period of two decades, how
could you ever beat that?
My opinion has always been that the more fuel-efficient, new cars, and
especially electric cars, are for people who have extra money to spend
and not for people who work for a living. Actually, I think even your
Prius falls into that category. So, I personally would never buy
anything like that.