Tesla and Uber Unlikely to Survive...

[Burwood]

jjwilde said:

Burwood said:

Once Uber has its IPO, which it will by March 19 we can start bashing it. It’s a POS company that’s creates nothing but misery in my opinion. Anyone who buys the stock with a 120b valuation is a moron. It has pissed through 20b and still loses 1b a quarter. I say they will never make a return. They’ve had 18 fundraising rounds.

How is it? I know loads of Uber drivers who absolutely love working for them.

I use Uber most days and it's excellent. Far better than black cabs.

I'm talking about the company, not the contractors or public who use them. As an investment it's very poor. No visibility of a return. No wonder Peter Thiel wants 50X Revenues on his next IPO. The world has gone fking bat st

Edited by Burwood on Wednesday 12th December 13:50

[jjwilde]

EddieSteadyGo said:

Apparently great businesses for money laundering, hence the attraction...

Ah this makes sense now! I thought he was hinting at delivering drugs.

[Burwood]

jjwilde said:

EddieSteadyGo said:

Apparently great businesses for money laundering, hence the attraction...

Ah this makes sense now! I thought he was hinting at delivering drugs.

Uber must be 90% card payments. Not so good for ML. Unless you just 'pick up' lots of fares but then you have drive around 24/7. Everything is tracked.

[jjwilde]

Burwood said:

Uber must be 90% card payments. Not so good for ML. Unless you just 'pick up' lots of fares but then you have drive around 24/7. Everything is tracked.

Yeah that's why the drivers like Uber, because it isn't used for money laundering unlike some local cab firms...

[AstonZagato]

Tony427 said:

When I am in China I use a system very simlar to Uber called DiDi.
...
The driving is atrocious however.

I occasionally use a London Uber to get home to Cambridgeshire from London (last train has gone, etc.). The drivers are terrifying on country roads. I'm not sure any of the ones I've encountered in this manner have ever been outside of the urban environment.

[Witchfinder]

jjwilde said:

Yeah that's why the drivers like Uber, because it isn't used for money laundering unlike some local cab firms...

No, just massive tax avoidance.

[jjwilde]

AstonZagato said:

I occasionally use a London Uber to get home to Cambridgeshire from London (last train has gone, etc.). The drivers are terrifying on country roads. I'm not sure any of the ones I've encountered in this manner have ever been outside of the urban environment.

The cars are fully tracked with speed etc. you can get your money back really easily if they broke the law.

[Heres Johnny]

ElectricSoup said:

I'll have a go at answering this if you can translate it in to some kind of words which makes sense.

Let me try..

]

ElectricSoup said:

I have spent £8 on public charging in the 15 months I've owned my Nissan Leaf.

ElectricSoup said:

That's a lot cheaper than diesel - I have a second diesel car which would cost £180 to fuel to go 800 miles (2005 E320 CDI estate).

Heres Johnny said:

Your Merc is dreadful - buy a BMW, my old BMW 640D gran coupe used to do 40mpg all day long, ok it would cost £130 not £30 to do 800 miles but it would do it in a lot of comfort.

ElectricSoup said:

In what way would a 640 gran coupe do the work of an E Class estate? .

You were critical of me quoting economy figures of a modern diesel of a comparable class to my EV, but its ok for you to compare a knackered old diesel merc that you use for the tip run with a new modern EV and declare the EV is better because it had better fuel economy. When you start comparing apples with apples, ie comparable cars, then your comparisons might actually mean something

[DonkeyApple]

AstonZagato said:

I occasionally use a London Uber to get home to Cambridgeshire from London (last train has gone, etc.). The drivers are terrifying on country roads. I'm not sure any of the ones I've encountered in this manner have ever been outside of the urban environment.

They always were. But at least the problem of them getting angsty and menacing due to being out of radio contact with Maureen has gone away, along with their excuse of not knowing where the fk they are once they cross the North Circular. Although the downside is that the significant saving of the £1/mile system and drivers having no concept of distance has been lost.

Edited by DonkeyApple on Wednesday 12th December 16:46

[AstonZagato]

jjwilde said:

AstonZagato said:

I occasionally use a London Uber to get home to Cambridgeshire from London (last train has gone, etc.). The drivers are terrifying on country roads. I'm not sure any of the ones I've encountered in this manner have ever been outside of the urban environment.

The cars are fully tracked with speed etc. you can get your money back really easily if they broke the law.

It isn't speed. It is road and hazard awareness, car control at speed, inability to use headlamps, lane discipline, confusion about roundabouts on dual carriageways. Pretty much everything other than speed.

[ElectricSoup]

Heres Johnny said:

ElectricSoup said:

I'll have a go at answering this if you can translate it in to some kind of words which makes sense.

Let me try..

]

ElectricSoup said:

I have spent £8 on public charging in the 15 months I've owned my Nissan Leaf.

ElectricSoup said:

That's a lot cheaper than diesel - I have a second diesel car which would cost £180 to fuel to go 800 miles (2005 E320 CDI estate).

Heres Johnny said:

Your Merc is dreadful - buy a BMW, my old BMW 640D gran coupe used to do 40mpg all day long, ok it would cost £130 not £30 to do 800 miles but it would do it in a lot of comfort.

ElectricSoup said:

In what way would a 640 gran coupe do the work of an E Class estate? .

You were critical of me quoting economy figures of a modern diesel of a comparable class to my EV, but its ok for you to compare a knackered old diesel merc that you use for the tip run with a new modern EV and declare the EV is better because it had better fuel economy. When you start comparing apples with apples, ie comparable cars, then your comparisons might actually mean something

You are entirely missing my point. Which is that over the last year that I've been running an EV, it has saved me money running it as a main daily, even when factoring in the monthly payment to own the car, over running a knackered old car (my old Mazda which I traded for it, or my second car which I still own as we need 2 cars in my family), or buying and running a comparable car to my 2015 Leaf, like a 2015 VW Golf as an example. In addition, the range limitations of the Leaf have had zero impact on my life. The car has been a net benefit to me financially.

This is all I'm saying. Nothing else. There is nothing to argue, seeing as it's just my personal experience. I am sharing my experience as part of a discussion around the desirability and usability of EVs in the present day.

[anonymous-user]

Overly dramatised for sure, but it sounds like a special culture at tesla

https://www.wired.com/story/elon-musk-tesla-life-i...

Edited by anonymous-user on Thursday 13th December 22:10

[RobDickinson]

zerohedge the link doesnt work anyhow.

In actual relevant news TSLA up to $376. several traders raising targets to up to $645

4th quarter looking like a monster. 6 days inventory left, 6k per week m3 production, should be bigger than Q3

[anonymous-user]

RobDickinson said:

zerohedge the link doesnt work anyhow.

In actual relevant news TSLA up to $376. several traders raising targets to up to $645

4th quarter looking like a monster. 6 days inventory left, 6k per week m3 production, should be bigger than Q3

Edited to remove zerohedge link that didn’t work due to an obscenity

Link now is to original article referred to by zh

And zh tweet https://twitter.com/zerohedge/status/1073274951573...

[RobDickinson]

Theres nothing new in there bar some anecdotes, but yeah Elon sounds like a difficult person to work for. Given there are 50,000 tesla employees now....

[hunter 66]

M 3 , 5 best selling car in the US by delivery numbers , looks OK

[EddieSteadyGo]

RobDickinson said:

Theres nothing new in there bar some anecdotes, but yeah Elon sounds like a difficult person to work for. Given there are 50,000 tesla employees now....

Summarising his behaviour towards his staff as "difficult" is far too generous. The examples quoted describe behaviour which is totally unacceptable and, if true, should be condemned. Being rich doesn't give him the right to bully and demean anyone, let alone people who are working for his company.

[RobDickinson]

Yeah if true..

Employment in USA seems crazy to me anyhow at pretty much every level so it's hard judging this based on pure anecdotes.

[EddieSteadyGo]

RobDickinson said:

Yeah if true..

Employment in USA seems crazy to me anyhow at pretty much every level so it's hard judging this based on pure anecdotes.

I've seen and worked with some very unpleasant bullies and I have to say I *detest* it. There is no excuse for it in the workplace.

The examples quoted I suppose could be fabricated or exaggerated, but I'm afraid to say they seem somewhat credible given Musk's public behaviour and attitude.

[RobDickinson]

Let's judge him on anecdotes hey.

Even 60 minutes just edited interviews to try and make him look bad.