Well, they didn’t actually. What MLS wanted wasn’t their own stadium - they’re perfectly willing to share (see recent additions and how many of them share stadiums). What MLS did demand was control over all of the revenues associated with the games at the stadium. Mike Brown wouldn’t agree to that and evidently…

And I’d agree that this should generally be extended to unprofitable ones - we generally shouldn’t be in the business of this - but the financial crisis was a rare exception where doing nothing would be far worse - but they should have demanded more ownership stakes for the investment.

Only state I’ve seen do these…

They opened that stadium in 1966 at a cost of $25.5 million. It was renovated 23 years ago at a cost of $200 million. How on earth do they still owe money on the bonds? The original construction cost should have been paid off 20+ years ago, and even the renovation should realistically be paid for by now, at that…

Do you really think the value of the land has been boosted by there being a stadium there?

Neither does Toyota, but that didn’t stop them from extracting much more from Alabama.

To be accurate, though, the general public benefitted from my investment, too.

Of the total breaks, I got:
30% of the cost via the Residential Renewable Energy Tax Credit
2.85% of the cost via Renewable Energy Credit sales
7.90% of the cost via loan subsidies

Anyone could take advantage of these same programs. And as the…

BTW, they may have $17 billion in cash and equivalents right now, but a company the size of Ford needs most of that cash just to float daily expenses - they can’t spend down to $0 - they’d be in bankruptcy long before that.

Last major upgrade I did to my house came with about 41% of the cost covered via subsidies and tax breaks from various government levels...

I despise these special deals. If the government wants to offer tax incentives across the board for anyone investing in the area, that’s one thing, but it should be a level field - new investments, reinvestments, etc - all should be treated equally.

That said, Ford is asking for about a 1/3 subsidy here - which…

Last time I bought a new car, though, ESC was still not mandatory, and Honda was only offering that on their highest trims - and without that, TPMS loses much of its usefulness...

Actually, the SEC has said they’re investigating.

And since no one has yet come forward to show evidence of the claimed financing (which should have been trivial to show the SEC, quite honestly), and even Tesla’s board of directors doesn’t seem to know where the financing is, this IS a story worthy of an article.

In reality, the 70s were not a great time for cars, period. Japanese ones stunk back then, too.

In fact, you were more likely to die in a vehicle fire in pretty much any of the Pinto’s competitors than you were in the Pinto.  The Pinto had a horrid defect, but others were arguably worse overall, but better only when…

1st: I’m not sure why this is a surprise. I know Ford employees have gone on GM and Toyota tours, too.

And the idea that they found areas they thought they could do better? Again, completely unsurprising. I’d be stunned if trained engineers couldn’t walk into any plant from any manufacturer and easily find similar…

What makes you think he does?

I have no proof he doesn’t, but he’s provided no proof he does, which is highly irregular for any such proposal. 

No one expects all the details to be worked out.

But he said he had the funding lined up, so that HAS to be worked out or he’s guilty of fraud.

FWIW, two days is an eternity when profits on the market are often determined by milliseconds.

You could announce you’re thinking about going private without having financing lined up. That’s ok.

You CAN’T announce you’re thinking about going private and that you have financing lined up at a price without evidence to support that statement.

That’s why Tesla needs to provide evidence - and why companies normally…

2nd:

Shorting isn’t necessarily betting the company will fail.  It’s simply betting that the company is overvalued and the stock should drop in price.

Wow, did you miss the point.  It isn’t that he announced this via twitter....  it’s that if he says this and doesn’t have the proof to back up his claims of financing being arranged, he’s manipulating the stock price.  That’s what’s already illegal.

If it weren’t for RockAuto, buying a filter and oil for my Fusion in town would cost me about $10 more than it costs to have the dealer change the oil for me.  Thanks to Rock Auto, its about equal in cost.  No savings at all, except in time.