/biz/ - Business & Finance

>>7386317
Ford and GM have the actual capital to invest in and mass produce consumer electric shit they don't because as it stands it's just not fucking profitable, That's why TESLA is also simply not profitable they have a ridiculous amount of debt these faggots are releasing bonds whose credit rating is currently a B- with S&P and Moody's a downgrade will send them packing to junk status if their ER doesn't deliver results.

> customers in general seem quite forgiving and happy
this right here is the problem. The customers are retarded. Telsa is a fad that is liked by upper middle class progressives and faggots it's the car version of the Iphone X and retail investors love it because they have faith in Elon Musk and that's what's keeping Tesla afloat right now. Musk is a great businessman he does have a lot of charisma he did attain massive success with the like of Paypal but the auto industry is not fucking payal and reality will catch up to him eventually.