The Empire strikes back - how VW, BMW and Daimler crush Tesla

Discussion in 'Economics & Trade' started by Sobo, Nov 15, 2017.

  1. Sobo

    Sobo Banned

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    Looks like Elon Musk made a massive mistake by buying german manufacturer Grohmann.

    Tesla did buy Grohmann, because its a leading robotics corporation, which Tesla needed to build up the automative construction plants for the mass prouction of its new Model M.

    Grohmann previously worked for VW, Daimler and BMW.

    Now Tesla fails completly to build the proposed 5000 Model M within 3 months and only managed to build roughly 250.

    The German Grohmann workers are on a strike and dont build the construction lines for tesla. They want 50% more cash. They want still work for VW, Daimler and BMW and dont want depend on Tesla. Tesla offered stocks but the workers call them worthless paper and demand real money for their work.

    Tesla cant fire the German workers because the harsh german laws preventing that. Musk was forced to fire hundreds of his american workers instead.

    https://global.handelsblatt.com/companies-markets/culture-clash-tesla-vs-german-unions-759213

    Meanwhile German car maker BMW and the German government want build up a european battery giant together with the german industrial giant BASF:

    https://www.bloomberg.com/news/arti...ks-european-battery-champion-to-take-on-tesla

    Meanwhile the entire turmoil starts to take a toll on Tesla. Its stocks start to collapse

    http://markets.businessinsider.com/...-model-3-production-target-2017-10-1002943574

    In 2015 / 2016 VW and Daimler as well as BMW were under pressure from Teslas sucess but now the winds changed. The rising pressure on Tesla + the internal problems with grohmann put Tesla more and more behind.
     
  2. Baff

    Baff Well-Known Member

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    Tesla = ****.
    German cars = out of fashion.
     
  3. Sobo

    Sobo Banned

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    At least german car makers generate enormous profits.

    Tesla only makes gigantic debt.
     
  4. Baff

    Baff Well-Known Member

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    Last edited: Nov 16, 2017

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