Tesla Burns Through Record Cash to Bring the Model 3 to Market

Re:Tesla Burns Through Record Cash to Bring the Model 3 to M... by simonsarris on Thursday August 03, 2017 @10:13AM (#14919732)

I wouldn't take it too badly,* its not as if there's no risk to taking on billions of debt, so if you feel something is too risky for your investing dollars, maybe you did the right thing for you at the time. If you don't think they (Musk, Bezos, I wish I could think of a failed example![1]) can spend it wisely.

The interesting thing to me is that we know that Tim Cook (and other cash rich companies sorry to pick on Apple) cannot spend the money wisely. And they know it too. That's why it's sitting there, where "sitting there" is the best ROI they can think of so far. I think the existence of such large cash piles should worry us all more than it does.

* just kidding if I bought AMZN at IPO and sold it I'd take it pretty badly.

[1] thought of one. If you don't remember pets.com, you owe yourself a treat: https://en.wikipedia.org/wiki/Pets.com

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Re:Tesla Burns Through Record Cash to Bring the Model 3 to M... by 11thEarlOfMar on Thursday August 03, 2017 @10:39AM (#14919961)

I guess today's theme is "how to flagellate oneself with memories of painful investing lessons". Not only remembering Pets.com, which I avoided, how about TGLO or CMTN, which I did not... I had to sell CMTN at a 101% loss. Figure that one out. TheGlobe.com was as much a laughing stock as Pets. The best thing to come out of The Bubble was this eTrade commercial:

https://www.youtube.com/watch?v=E0_tfoTTGOQ

At least the absolute $s weren't that big for me at the time. And the lessons formed a base of experience that served me well as I had more to invest. It's been much better since.

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