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Tesla Motors' Stock Finally Falls

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November 8, 2013 2:39:26 PM

damnit Edison, can't you just leave it alone?!?!?!?
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12
November 8, 2013 2:44:23 PM

The fundamental problem is the type of battery can horribly destabilize... but usually doesn't. Put 134 batteries in the pack and you have a potential hazard. A few will catch on fire. That's just going to happen.
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8
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November 8, 2013 3:05:03 PM

Well the front of the car was on fire but no flames or smoke from under the car where the batteries are mounted. What does that mean? Did the hot motor ignite flammable car parts? Just what kind of road debris did the car hit? How do they keep the motor cool? I do know that electrical fires are wicked.
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3
November 8, 2013 3:19:28 PM

Tesla is so last semester. Now to see who the teenage girls at the trading desks are babbling about this time...
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-5
November 8, 2013 3:24:17 PM

DRIVERS NEED TO STOP HITTING THINGS ! ! ! Don't blame the manufacturer for something that is clearly the IDIOT drivers fault... *shakes head*
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-7
November 8, 2013 3:26:09 PM

Oil companies bought the stocks, planned some fires and then sold the stocks. It is that easy to manipulate your mind when you have money :)  Wish all the best for Elon Musk, hope he makes it.
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6
November 8, 2013 3:26:21 PM

"Finally Falls?" It sounds like you were rooting for the stock to fall.
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17
November 8, 2013 4:18:45 PM

Electric car is the future, this is just a glitch :)  Go Tesla
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12
November 8, 2013 4:20:35 PM

Tesla's goals are admirable. But they've always struck me as horribly arrogant and having too much self-importance from their spokespeople and leadership. The way some people have been hyping the Model S in particular (like whoever it was that decided it deserved a safety rating above their own scale) has been worrying. It's almost as if they're trying to hype it as much as possible to cover-up a problem.

I hope the company succeeds in a pure sense. I mean selling a lot of quality vehicles. They are one of the biggest driving forces behind electric vehicles in the US right now. But they do concern me. Every time I hear about them I get a queasy feeling something bad is going to happen, like there's gonna be a disastrous scandal to come out. May be the case of right message and wrong messenger as far as changing the car and energy culture.
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5
November 8, 2013 4:21:09 PM

rwinches said:
Well the front of the car was on fire but no flames or smoke from under the car where the batteries are mounted. What does that mean? Did the hot motor ignite flammable car parts? Just what kind of road debris did the car hit? How do they keep the motor cool? I do know that electrical fires are wicked.

The motor is in the back, as are the high voltage power regulators. They are water cooled with radiators in the front. In the front you have the cabin/battery air conditioner, electric steering, a small compressor (maybe for the optional air suspension, maybe for the brake booster, not sure), lead acid acessory battery somewhere, etc.

It will be interesting to see what got hot since it wasn't the battery this latest time I don't think.
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4
November 8, 2013 5:42:31 PM

Will probably be another Solyndra and go bankrupt. Green tech just isn't profitable yet. Still another 20-30 years before this stuff can make money without the Gov't bailing it out like wind mills that kill millions of birds every year and and make the people near by ill and solar panels that take 10+years to pay themselves off and product lots of pollution in China where they are made. Also electric cars wont stop pollution. We still have to charge them and the only electrical power generation that doesn't produce much pollution is nuclear which has its own long term problems.
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-2
November 8, 2013 6:50:13 PM

I'm saddened to hear Tesla is struggling. I'm cheering for them and hoping engineers will find a solution or the manufacturing process changed. Regardless of what causes it (Driver or Car) I'd like to see the problem fixed. Tesla has something going for them but their IHS safety rating means nothing if you're at risk of fire.

Come on Tesla, you got this.

By the Way, Now would be a great time to buy a few shares. Tesla is definitely going to put effort into this and when their stock jumps right back up, you'll be happy you bought a few shares. Of course this is the most optimistic outlook.
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1
November 8, 2013 7:10:22 PM

This shouldn't come as a surprise to anyone. Innovation drives the industry, not the other way around. You can't just will the technological problems away, no matter how much government money you throw at it.

Why have fossil fuels been so successful? Because they contain a lot of energy per pound, contain a lot of energy per cubic foot, and are extremely stable in their liquid form.

Batteries of today are just too heavy and expensive. Much of the economic gains found from using electricity generated from coal powered boilers and other high effeciency methods, is wasted by having to expend energy accelerating the mass of the batteries. Compound that fact with the astronomical prices of batteries and any chance of commercial viability goes out the window.

The vast majority of these green technologies are scams coming from people looking for easy government money. If something needs government money to get off the ground, the free market already has a better solution.

The real future lies in something like light duty fusion power or antimatter collection, containment, and power generation techniques. It might take decades or even centuries to get there, but we'll still have safe and affordable fossil fuels available as an option until then.
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-4
November 8, 2013 7:24:28 PM

Electric Cars are a terrible idea to mass produce.
They are ecologic disasters. A thousand pounds of toxic waste that has to be replaced every 3~5 years in each vehicle. Preferred to be powered by either Coal/Oil Electric plants, or Nuclear Power. Of the three Nuclear Power is "Greener" but produces a lot of toxic waste. Solar does not currently produce enough energy in their life time to warrant their manufacturing. Wind does not produce a lot of energy and requires vast areas of open space.
If Electric cars would be adopted by the majority of people, we would have a HUGE waste problem.
Best alternative I have heard is Hydrogen powered cars, but they require a rare mineral as a catalyst.
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1
November 8, 2013 8:05:34 PM

falchard said:
Electric Cars are a terrible idea to mass produce.
They are ecologic disasters. A thousand pounds of toxic waste that has to be replaced every 3~5 years in each vehicle. Preferred to be powered by either Coal/Oil Electric plants, or Nuclear Power. Of the three Nuclear Power is "Greener" but produces a lot of toxic waste. Solar does not currently produce enough energy in their life time to warrant their manufacturing. Wind does not produce a lot of energy and requires vast areas of open space.
If Electric cars would be adopted by the majority of people, we would have a HUGE waste problem.
Best alternative I have heard is Hydrogen powered cars, but they require a rare mineral as a catalyst.


Any gaseous fuel, hydrogen included, is a terrible idea for vehicles traveling 65+ mph. You know how car accidents look in the movies? You know, 25 mph impacts result in huge fireballs and cars getting blown serval stories into the air. That's how it would be in real life if small cars traveling at highway speeds were powered by hydrogen.

Your comment about nuclear power generating a lot of waste is rather silly too. To put things in perspective, if we could make a 250 hp nuclear engine for a car that had the same power to waste ratio as the typical nuclear power plant, that engine could run at full power for 24 hours a day for an entire year and only produce 8 pounds of nuclear waste. A typical nuclear power plant produces about a gigawatt of electricity and only produce 20 metric tons of nuclear waste per year.
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1
November 8, 2013 8:44:10 PM

I think people on here misunderstand. Tesla is not in trouble, lol. It's just the stock had been on fire(pardon the pun). From the low $30's to almost $200... as in; if you invested 30 grand about 8 months ago... today you could buy a decent ...house!

If your smart and have disposable income to invest, there is a lot of money to be made. Remember the Google IPO? $85 a share. Should have got a loan, 85 thousand invested... would be over a million dollars now.

Twitter just went public, I'm throwing ~10 grand at it, after it settles down and trades sideways for a bit.
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4
November 8, 2013 9:21:46 PM

karkacool said:
Oil companies bought the stocks, planned some fires and then sold the stocks. It is that easy to manipulate your mind when you have money :)  Wish all the best for Elon Musk, hope he makes it.

That would be like Bill Gates coming over to your house on poker night; "just trying to make some extra money"... Lol

Exxon Mobil has so much money they can't even do anything with it(antitrust laws). And if they gave it all away; in a couple of months they would have enough money to buy every share of Tesla. As they make almost a billion dollars per week(profit).
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2
November 8, 2013 11:01:10 PM

I don't wan to understate the problem, but when lamborghinis caches on fire everyone laughs at the pictures, but at the end of the day they are still the "hottest" cars out there.
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4
November 9, 2013 3:54:57 AM

Maybe now their price will drop significantly and we all afford one...
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0
November 9, 2013 11:23:32 AM

At its core tesla motors has always been a tech company. But over the past 6 months, even the CEO, has stated the stock price was over inflated by 400%. The stock was long overdue for a correction.
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0
November 9, 2013 11:25:44 AM

thefiend1 said:
"Finally Falls?" It sounds like you were rooting for the stock to fall.


They're just saying what the rest of us know:

Tesla is unsustainable

Tesla only makes money by selling carbon credits. Tesla's cars are unreliable. Tesla only gets cars working by swapping working parts, not by fixing the problems. Tesla's value is only in it's hype, period. You only have to look at what Tesla has been doing over the last few years to see that while it's an innovative company pushing the limits Tesla is doomed to failure, but that's a good thing. No upstart technology ever works the first time around regardless of hype, it's from Tesla's ashes and failures that we'll move forward.

I would surmise that in the very near future Tesla's current form will collapse and the it will be resurrected in a more profitable form without all of the hype.
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-1
November 9, 2013 11:28:59 AM

This doesn't sound like a battery issue but more with electrical shorts of certain parts in front of the car. Hitting an object on the road would certainly trigger it.
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2
November 9, 2013 11:31:12 AM

The stock had risen too much, it had to fall.

As far as the fires go. 3300 car fires a year in the us i believe. That's nearly 10 every day, they happen all the time. But they usually just happen to gas cars and its not news because its so common. When its an electric car, its news because they arent common.

Im not really worried about the fires because its happening in a crash. And no fire is getting inside to the people, which is also good.

That said, the big problem is the battery is so large, that leaves a much larger target then current gas tanks in a crash. It also increases cost a lot. What the electric industry needs BADLY is another advancement in battery tech. There is stuff in the lab that is 10-20 times better then current battery tech out in the retail channel right now. If/when some of that tech moves out of the lab into commercial production, you can have a battery 10 times cheaper and 1/10th the size with the same range(or likely they would double or tripple the range and make it 1/5th-1/3rd the size), that makes it MUCH easier to hide from a crash.

If they were just bursting into flames in someone driveway id be a lot more concerned. But if i had the money id buy one. I dont tho!
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1
November 9, 2013 12:44:35 PM

This is what happens when government steps into private enterprise and attempt to pick winners and losers. Electric cars will become the norm when the market demands it and not when some self-righteous politician or politicians attempt to dictate it so.
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-2
November 9, 2013 1:17:36 PM

I think the company is over-valued and has been for a long time. They were in the crapper not too long ago; though they apparently have paid back their loans fairly quickly (I'm astonished at that, btw), I don't think their car business is sustainable. I see Model S's on the road more than I would have expected. But you can sell only so many $65k+ electric cars, I'd suspect that market is probably already near saturation. They're going to need to make cheaper and more-affordable cars if they want their business to continue to grow.
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1
November 9, 2013 6:40:31 PM

Electric cars are the future and that future is getting closer and closer. The biggest concern is producing electricity in enormous quantities on the cheap, without drowning ourselves in our own pollution. As with any new technology, you are going to have bumps in the road. On the other hand, I do agree that it's not government trying to pick winners and losers that is going to change anything.
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1
November 9, 2013 11:47:39 PM

@rwinches

" Well the front of the car was on fire but no flames or smoke from under the car where the batteries are mounted. What does that mean? Did the hot motor ignite flammable car parts? Just what kind of road debris did the car hit? How do they keep the motor cool? I do know that electrical fires are wicked. "

The motor is in the rear, under the trunk, two relatively small cylinders right be the differential. Up front is frunk. Behing and under that are accessories like AC and some electrical equipment.

The motor doesn't need constant cooling because it's not constantly burning stuff and producing waste heat like an internal combustion engine.
Score
0
November 10, 2013 9:06:27 AM

DRosencraft said:
Tesla's goals are admirable. But they've always struck me as horribly arrogant and having too much self-importance from their spokespeople and leadership. The way some people have been hyping the Model S in particular (like whoever it was that decided it deserved a safety rating above their own scale) has been worrying. It's almost as if they're trying to hype it as much as possible to cover-up a problem.

I hope the company succeeds in a pure sense. I mean selling a lot of quality vehicles. They are one of the biggest driving forces behind electric vehicles in the US right now. But they do concern me. Every time I hear about them I get a queasy feeling something bad is going to happen, like there's gonna be a disastrous scandal to come out. May be the case of right message and wrong messenger as far as changing the car and energy culture.


I do agree that Tesla executives are pushing hard with bravado and fluff... But to succeed in the consumer automotive industry, particularly at the high-end, you kind of have to to be able to play with the established 'big boys'. How many new car companies have been started in the USA in the last 20 years, and of those, how many are still around/successful?

The only one that was (not USA based) sort of in the same line as Tesla was DeLorean (and that was more than 20 years ago too), and he ultimately failed, in part due to threatening the status quo, and from being a little too arrogant.

But Tesla started small, with off-the-shelf parts, and have been slowly building their brand and technology.

I'll let them be snobbish now, if it pushes the other auto-industry players to push alternative drive trains...


As a side note, at these prices, Tesla cars' value is NOT in their fuel savings. It is in their ability to save time of those people whose time is most valuable.... If you have a short commute, you make a couple hundred dollars an hour, and you literally NEVER have to EVER stop at a gas station again... Just go home and plug in... That 15 minute inconvenience every couple of weeks goes bye bye, WITHOUT having to get a limo driver...

Score
1
November 10, 2013 12:32:26 PM

Just wait for the stock to settle and then bam!!
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0
November 11, 2013 3:04:58 AM

Wind mills make people sick...ok lets not worry about drilling, fracking, coal plants e t.

I have noticed people want it both ways with green but the time is fast approaching where the choices none or few. Maybe after a few super storms drive the world into a recession or similar people will finally learn maybe those wind mills aren't so ugly and damaging. It is new tech on the car side and wind mill so I don't doubt there will be issues but like the early gasoline vehicles blowing when rear ended or pinning people inside when the gas caught fire we have found solutions though nothing is 100%.
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0
November 11, 2013 5:57:39 AM

Chris Harmon said:
Wind mills make people sick...ok lets not worry about drilling, fracking, coal plants e t.

I have noticed people want it both ways with green but the time is fast approaching where the choices none or few. Maybe after a few super storms drive the world into a recession or similar people will finally learn maybe those wind mills aren't so ugly and damaging. It is new tech on the car side and wind mill so I don't doubt there will be issues but like the early gasoline vehicles blowing when rear ended or pinning people inside when the gas caught fire we have found solutions though nothing is 100%.


OOH! Look at all the scary buzzwords . . . "drilling, fracking, coal plants" OH MY! LOL!!!

BTW There have been fewer violent weather events over the past couple of years than in the past; you just hear more about the storms that do occur. In the USA tornadic activity is down substantially and there were no real major hurricanes at all. The Arctic Ice is rebounding and global temperatures haven't risen in 17 years even though CO2 atmospheric level have continued to rise precipitously.

Man-made global climate change is a myth . . . a scam intended to frighten people into surrendering more power to our governments and to keep academics in their chinos and birkenstocks.

It is hubris of the most egotistical sort to presume that man can know enough about how our climate functions to make the sort of proclamations to which we have been subjected. Just today there is an article about how puzzled scientist are that, at a time when we should be seeing peak sunspot activity (the 11 year solar cycle is at "maximum" right now), we are seeing very low activity . . . the assumption that we should know all there is about our sun (or about Earth's climate) after the infinitesimal amount of time we have had to observe (on a galactic time-scale, mankind's existence is less than a blink of an eye) is laughable and the idea that we should conform our entire existence to theories based on that brief time is foolish and absurd.

Real science doesn't seek to stop debate, it invites debate. Real scientist don't seek to prevent dissenting articles from being published, they eagerly anticipate them.

The data don't match either the models or their predictions. . . . and any computer geek worth his salt should know that models merely reflect the biases of those who create them.

Electrical vehicles will become viable when the public market demands them and not because of some mythical--invented--crisis. If people wanted electric cars, private industry would be focused solely on building one that is truly viable. Today they are investing a tenth of what they would if that market already existed.
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0
November 11, 2013 4:19:33 PM

Wind mills make people sick...ok lets not worry about drilling, fracking, coal plants e t.

I have noticed people want it both ways with green but the time is fast approaching where the choices none or few. Maybe after a few super storms drive the world into a recession or similar people will finally learn maybe those wind mills aren't so ugly and damaging. It is new tech on the car side and wind mill so I don't doubt there will be issues but like the early gasoline vehicles blowing when rear ended or pinning people inside when the gas caught fire we have found solutions though nothing is 100%.
Score
-1
!