Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Friday, July 27, 2012

We own these! Tesla reports 2nd quarter loss, says its looking to ramp up Model S production

What can cost over $120m, looks like last decades Chrysler, go up to 55 miles then take 16 hours to recharge for the next 55 miles, overheats and can only use a one speed gearbox because the two speed kept breaking?
Oh yea, the best part is that each of these battery powered turkeys is also subsidized for over $200,000 each. That mean we own over 50% of each Tesla.
When do we get out test Tesla drive?


Tesla reports 2nd quarter loss, says its looking to ramp up Model S production - egmCarTech
Jul 26, 2012 [short post]

Tesla Motors has announced a second-quarter loss saying that the drop comes due to the end of Roadster sales and the start of full production of the Model S electric sedan.
Check out more news on the Tesla Model S.
Tesla’s net loss hit $105.6 million, or $1 a share, up from $58.9 million a year earlier. Revenue dropped 54 percent to $26.7 million.
Separately, Tesla said that it is also considering bumping up production of the Model S to 30,000 units in response to high demand that has pushed the waiting let to 10-11 months.
“Our key objective for the rest of the year is to ramp production with a focus on quality and to rollout the Model S experience to a broader audience through customer deliveries, test drives and store openings,” Tesla said in its second quarter 2012 shareholder letter.
- By: Omar Rana
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