going ...Going .....Will It be ..............GONE ? -- Tesla --

Musk's failed business model (to milk the taxpayer with renewable Obama initiated "Greenwashed " gaming, is now taking it down. Hello Solyndra, First Wind,Beacon Power,Sun Edison...and on and on in the renewable failure parade.The truth is that this problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial.  see https://www.dailysignal.com/2012/10/18/president-obamas-taxpayer-ba...

Wall Street Is Losing Faith in Tesla

As its shares drop, once-bullish analysts and investors are souring on Elon Musk’s company, potentially cutting it off from the capital it needs to survive.

It isn’t pretty when investors lose faith in a story stock.

After years as a market darling, Tesla’s share price had tumbled by nearly 40% this year and 22% in the last month as of Monday’s close. At least two prominent, formerly-bullish analysts have soured on the stock this week, and prices on its benchmark bond due in 2025 are flirting with record lows.


Red Light Tesla Inc. share priceSource: FactSetAs of May 21,2019

More alarming than the selloff itself is the absence of a clear catalyst. It was just this month that Tesla was able to raise a net $2.4 billion by selling shares and convertible debt. That should have softened the blow of dismal first-quarter results. In the past, fresh infusions of capital have tended to push Tesla stock higher.

A change in that pattern portends bigger issues than disappointing the investors who just showed faith in the company. After all, the infusion didn’t eliminate Tesla’s medium-term need for external funding. Those funds are earmarked for bondholders, banks, suppliers and the significant capital spending its business requires this year.

As a cash-burning operation, Tesla will continue to depend on the generosity of the capital markets to pay bills and attract talent via stock options. The easier it is to tap the market, the more ambitious it can be in setting its goals. Amid talk of a “spartan diet” by Chief Executive Officer Elon Musk, its horizons are now shrinking. Tesla has laid off employees, closed stores and cut prices this year.

Even after the recent tumble, there is a lot more sizzle than steak to Tesla’s story. Its shares still sell for more than 30 times next year’s earnings estimate of $6.47 a share, according to FactSet. Toyota and General Motors fetch about 10 and 6 times, respectively—assuming, of course, that consensus earnings estimates hold firm. Analysts had penciled in more than $11 a share in 2020 at the start of this year.

Ludicrous speed was fun while it lasted.

https://www.wsj.com/articles/wall-street-is-losing-faith-in-tesla-1...

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Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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