Friday, May 6, 2011

Competitors Are Extremely Afraid Of Tesla Motors, Resorting To 'Top Gear' Lies


Tesla Roadsters in over thirty countries have driven more than ten million real-world miles. That's 500,000 gallons of fuel that didn't burn and over 5.3 million pounds of averted carbon dioxide emissions. The credit goes to approximately 1,500 Roadster owners around the world who drive their electric vehicles in all conditions; they’re an enthusiastic group who often talk and blog about their experiences.

Tesla is committed to building the best cars in the world. And in doing so, catalyzing change in a very traditional industry by convincing drivers that EVs can match and surpass automobiles run by combustion. That's not an easy task. But the Roadster has changed a lot of minds.

Of course, not everyone is enthusiastic. We also hear from vocal EV detractors. As with all new, disruptive technologies, there are plenty of misconceptions, rumors, and lies. We try to forcefully correct those before they get out of hand, and believe the industry is better for it. In that vein, with some reluctance, Tesla served the BBC's Top Gear with a lawsuit yesterday for libel and malicious falsehood. It is the only recourse we have; our repeated attempts to contact the BBC, over the course of months, were ignored.

About two years ago, Top Gear ran a segment containing false and exaggerated criticisms of the Roadster. In the episode, two Roadsters are depicted as suffering several critical "breakdowns" during track driving. The show’s script, written before the cars were tested, has host Jeremy Clarkson concluding the segment by saying, "in the real world, it doesn’t seem to work."

At the time, we were good sports. Tesla was a young start-up company, having delivered 140 cars to customers in the United States. Those early adopters knew what they were driving, and were not affected by the show’s lies. Tesla concentrated on building and delivering revolutionary cars.

Yet the show continues to air. According to Wikipedia, Top Gear has 350 million viewers worldwide. The programme's lies are repeatedly and consistently re-broadcast to hundreds of millions of viewers on BBC channels and web sites, on other TV channels via syndication; the show is available on the Internet, and is for sale on DVD around the world.

Today, we continue to field questions and explain the serious misconceptions created by the show. Many of us have heard: I know this car, the one that broke down on Top Gear. Despite the show's buffoonery, Clarkson’s words are taken as truth, not only about the Roadster, but about EVs.

Over the last several months, we have written to the BBC, asking them to stop repeating the serious and damaging lies on the show. Specifically:
  • The Roadster's true range is only 55 miles per charge. Clarkson says: "Although Tesla say it will do 200 miles we worked out that on our track it would run out after just 55 miles." Fact: The Roadster has been certified under UN ECE R101, the EU regulation for measuring electric vehicle range, at 211 miles. All ECE R101 tests are witnessed and certified by a neutral third party approved by the United Nations Economic Commission for Europe, in Tesla's case, the Department of Road Transport – Netherlands. Of course, a car driven aggressively will get reduced mileage, regardless of whether its fueled by petrol or electricity, as Top Gear found. At the other end of the spectrum, through mindful driving, a Tesla owner achieved an astounding 313 miles on a single charge. To let either of these extremes represent real-world range is an incomplete analysis.
  • One of the Roadsters ran out of charge and had to be pushed into the Top Gear hangar by four men. Fact: Neither Roadster ran out of charge during Top Gear's tests, or even came close. We know because the Roadster records basic operating information. The show fails to mention that neither Roadster ever went below twenty-five percent charge. Why stage the stunt of pushing it into the hangar?
  • The Roadster's brakes broke, rendering the car not drivable. Fact: During Top Gear’s drive on the test track, the fuse for the braking system's electric vacuum pump failed. But the brakes were operational and safe. The result was like driving a car without the convenient power brakes to which we’ve grown accustomed. Tesla's brakes, both with and without the fuse, must pass all UN ECE safety tests, and they do.
  • Neither Roadster provided to Top Gear was available for test driving due to these problems. Fact: At all times, there was at least one Roadster at the ready.
If the episode had been broadcast in 2008, and not rebroadcast repeatedly to hundreds of millions of new viewers all over the globe, Tesla would not have sued. We’re not doing this for money. As the world leader in EV technology, Tesla owes it to the public to stop Top Gear’s disinformation campaign and provide the truth. Top Gear scripted how the show would end before they ever got into the car. Meanwhile, the show continues to seriously misinform its fans.

Despite the lies, we move forward with our commitment to building the best cars in the world. In two years, the Roadster has delighted early adopters and won over skeptics worldwide. It has demonstrated Tesla’s technology in spectacular fashion. Most importantly, as our owners will attest, it is a real world vehicle that has paved the way for EVs to come.

More information can be found here.

Tesla

The Gold/Silver Bull Market Is Over, Dow 36,000 Is Coming

Expect silver to trade sideways for a couple of months at least, or even a few years, before re-emerging.  But do watch silver.  If it takes out the 1980 high of $50, the smart folks know we're headed to hyperinflation and betting big.

Now is the time to get into technology shares, as they will likely rally next week.

Tech will lead the next huge bull market.

Login for the 4 tech stocks to buy now.

Thursday, May 5, 2011

Imminent Crash In Silver?

Just in case silver may get an epic crash I re-entered ZSL at the close, to hedge my silver positions.  An awful close like this usually indicates more downside.

ZSL represents 25% of my long silver positions.

Sorry bulls, I'm now hoping for a CRASH.

Sold My ZSL Hedge

Silver is extremely oversold now in the short term.

Time to go long.

Silver Parabola

For the next couple of weeks, it is likely silver will trade down to sideways - ultimately bottoming around 32-35 area.

Let's start with the weekly chart:


As you can see, silver is headed down to at least the blue trendline.  Considering the massive volume of the selloff the last couple of days and the parabolic move up, I can imagine silver piercing thru that blue line.

Now, I'm pretty new to trading silver.  It's a very small market so a few hedge funds can easily take the metal higher as soon as it touches the trendline.  I dunno, but I'm treating silver as though it's like any other stock out there.  Sideways (at best) to down the next few weeks is my call.

Here is the daily chart:


The bulls will attempt a bounce tomorrow around 38.8 .   If successful, silver could rally for maybe 2-3 days before it comes back down and retests.

Tuesday, May 3, 2011

Where Is Silver Headed Short Term?

Guys/gals, these two charts tell you where silver is most likely headed in the short term:

SLV

ZSL

Notice the massive VOLUME on both charts.

A correction to $30 on silver is a possibility. I sure hope it gets there, because I'm hedged with long ZSL.

Notice the dollar didn't budge today. What happens when it moves higher tomorrow, as the chart indicates?

Sunday, May 1, 2011

Warren Buffett Warns About The Dollar

Let the word go forth: On Friday, March 25, 2011, Warren Buffett predicted the decline of the U.S. dollar.

In a speech given in New Delhi (where he’s hunting up some cheap Indian stocks), the chairman of Berkshire Hathaway warned investors to avoid “long-term fixed-dollar investments” such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money our government has pumped into the economy, when combined with interest rates so low they’re practically giving money away, are combining to dilute the value of the dollar.

As a result, Buffett warns: “If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”

What’s more, he’s matching actions to words. Over the last couple of years, Buffett has been selling off longer-dated bond holdings, shifting assets into cash and shorter-dated paper. Berkshire’s holdings of debt dated longer than 10 years dropped 31% over the past 18 months, while Berkshire’s cash holdings leaped 56%.

Motley Fool