BOMBSHELL NEWS: Treasury and OMB letters and documents reveal Tesla got “UNJUST REWARDS”

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BOMBSHELL NEWS: Treasury abd OMB letters and documents reveal Tesla got “UNJUST REWARDS”.

Taxpayer lawsuit to demand return of all money from Tesla.

Senate investigations were revealed in major media nationwide today, disclosing that the Treasury Department and OMB had recorded in documents that Tesla’s DOE loan was rigged and that the loan Tesla received “UNJUST ENRICHMENT”.

Multiple taxpayer groups announced plans to file charges in order to have all of the money returned by Tesla, to the taxpayers.

 

For more on this Google: “Solyndra unjust enrichment investigation”

Tesla suddenly announces new funding raise but lies about what it is for:

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Only a week after Elon Musk told the market on a live global phone-cast that Tesla did not need to raise more money, they suddenly need to raise massive amounts of money.

Using the pretext that it is “just so we can pay back the loan” (‘Public give us your money again so we can give you your money back that we got by lies’) Can you say: IT DOESN’T WASH?

In the usual Elon Musk “It’s not a tornado, it is lovely spinning air” spin on bad news he hypes the hype.

Just like when he said he would “guarantee resale value” when all of the cheap KIA’s and Fusions came out looking just like a Tesla and when he said “here’s a new battery warranty” when the investigations showed that his batteries burn your family alive when they get wet.

Tesla may realize the jig is up and be in fire-drill mode…

Sindi Poflin
Bakersfield, CA

Auto industry revenge strikes Tesla, reduces value of Tesla’s by $30,000.00

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NOSE

Auto industry revenge strikes Tesla, reduces value of Tesla’s by $30,000.00

The auto industry is not pleased that Tesla bought-it’s-way-in instead of earning-it’s-way-in like they did. For payback, they took extraordinary measures.

Never in the history of the automobile industry has there been a concurrent release of a tapered-nose/ open-mouth grill design by multiple companies.

As soon as Tesla and Fisker announced, and sought to sell, their cars with tapered-nose/ open-mouth grill designs, the auto industry took action with an insidious plan. They started releasing the cheap models of their car lines with tapered-nose/ open-mouth grill designs.

Now you can get a cheap little KIA, Ford Fusion or any number of low-cost cars that look just like a Tesla.

People buy Tesla’s because they are arrogant rich people who want to make a statement about their ego’s as they drive down the road past you.

BUT

Now you can’t tell if the car coming at you is a Tesla, KIA, Ford , etc.

Market research experts say that the value of owning a Tesla has dropped by at least $30,000.00 now because you can buy any number of cheap cars that look just like the Tesla.

Oh well.

Tesla’s financial advisors: Deloitte charged in Money Laundering Scheme

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NY State top legal bulldog Benjamin M. Lawsky has charged and fined Deloitte tens of millions of dollars for their involvement in Money Laundering Schemes.

Deloitte was the financial advisor for both Tesla and the DOE during the give-away of the money from DOE to Tesla proving that: The snakes in the henhouse should not guard the eggs.

Deloitte made vast millions off their concurrent double-agent role with DOE and Tesla.

Further investigations of Deloitte and their relationship with Tesla, Wells Fargo, and DOE continue to swing the spotlight onto the worms-nest of corruption.

Tesla and Fisker use Vaginal Orifice to trick abusive rich guys into buying cars!

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Tesla and Fisker use Vaginal Orifice to trick rich guys into buying cars!

As one post quotes:

“Ordinization: Manufactured Addiction For Profit. This is the process of using ingested substances to trick the brain in order to create addictive profit opportunity.

Fats, salts, sugars, breads, alcohol, tobacco and drugs use ordinization to addict consumers to buy them. Most of the makers of these products receive subsidies from your tax dollars. In other words, you are paying them to addict you and your family.

The key to ordinization is that you don’t want to believe it is happening to you because the addiction creates a synthetic bliss which your psychology causes you to defend. You get mad if someone implies they want to take away your cigarettes, alcohol, dessert, etc.

Government support of these products creates a nation of addicts, drunks, obese people, personality disorders, problem children and a very unhealthy society.

(For more on this see: “Salt Sugar Fat: How the Food Giants Hooked Us”, By Michael Moss (Author) Available on Amazon and as seen on the Dr. Oz show)

Billions of dollars are spent each year to refine and increase the addictive qualities of these products. “Product science” consultants have vast laboratories where they research food, beverage, fragrance, texture, taste and all human stimulants right down to each neuron in the brain. They want to see how they can control an entire generation of consumers to be unable to resist buying their product.

Elite politician’s operatives spray certain fragrances at rallies and then try to spray the same scent near polling places so you recall the candidate with a “home cooked meal” smell and want to vote for them without realizing why. Vegas hotels and big Malls use psychological sense vapors to control consumers. 60 Minutes recently had a segment on a company, Givaudan, that other companies, like McDonalds and Pepsi, hire to create addictive flavors. This is all out in the marketplace.

If you don’t want to be a product zombie, demand that Congress outlaw Ordinization.”

In the link:

AUTO INDUSTRY ATTACKS TESLA AND FISKER

We see that the tapered nose, open-vagina front of the car is a first-time-ever design phenom. The other car companies (See the new Ford Fusion, Kia, etc.) copied the tapered nose, open-vagina front of the car and released the same design nose structure at the same time in order to make the Tesla and Fisker less valuable in the market. There has never, in auto history, been a concurrent release of tapered nose, open-vagina car front designs until Tesla’s and Fisker’s competitors decided to devalue Tesla’s and Fisker’s cars. The concept of the look, though, comes from the female vaginal orifice psychological mnemonic trigger effect that appeals to rich yuppie males. This effect was designed by Madison Avenue branding companies.

As shown in the design studies, the design of the Tesla and Fisker uses curves that duplicate the same curves a man sees when he is crouched over the body of a nude woman. You can find numerous studies that show the overlay of a woman’s nude body on the exterior body panels of the car to show how, and why, they formed the car that way.

As we see in the horrific, and telling, Millionaire Saatchi throat grab attack by Nigela Lawson’s rich egotistical husband on her, caught on-camera, in the news (Google it or go to TMZ): rich men see women as objects to dominant and manipulate. Tesla and Fisker designed their cars to remind rich males of nude women so that they would psychologically feel like they were dominating a nude woman when they approached the front of the car, or viewed the car from ¾ views or drove it. This use of addictive imagery appeals to the type of males that built the Tesla and Fisker car companies (100% male dominated) and that the cars sell to (98% rich white males) who want to tell the world that they are “the boss of all things”, especially women. Silicon Valley men are involved in more abuse charges in divorce proceedings and hire more prostitutes than in any other city. Silicon Valley men buy more Tesla’s than in any other city. This is visual product Ordinization. This is also another addictive commercialization effort funded by your tax dollars.

Alison Keever
Los Angles

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Albert C, Palo Alto, California

Everybody has noticed that if a person is driving a Tesla, they almost always turn out to be a swinging dick, arrogant, slicked back hair, Aryan Stanford clone. They are, generally, rude abrasive people. It really says a lot about the person if they drive one, but mostly it just reinforces that, that person is a weasel.

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Tesla “Battery Swap” doesn’t work already.

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So they’re going to demonstrate the process for swapping the battery. Is there anyone who doesn’t believe they can swap batteries?

The bigger problem is one of cost and practicality. Let’s say you want to set up a battery-swap station in a major population center. And let’s assume you want to be able to service a modest 100 cars per day (in LA a gas station might need to service ten times that in a day).

So you need to have room to store 100 fully-charged batteries. And you need the equipment and facility to charge discharged batteries that just came out of the cars. And you’re going to need heavy equipment to handle and manage the ~400 pound batteries themselves.

Now, consider the cost of the batteries…it seems that Tesla doesn’t really want to say what they cost – articles about Tesla frequently refer to them as costing “tens of thousands of dollars.” I’ve seen prices that indicate Tesla might be selling extra batteries at a considerable loss, possibly to obfuscate the true cost as a PR move. Battery cost is something that Tesla *really* doesn’t want to talk about:

http://online.barrons.com/article/SB50001424052748…

Musk hung up on Barron’s when they wanted to discuss battery cost. Just flat-out hung up on them.

So, anyway, let’s assume for now that a battery pack costs ~$25,000. If you want to have 100 of them on hand for swapping at such a station, your inventory cost is a $2.5 million. Read that again. Two point five million dollars in battery inventory alone.

Now let’s look at some handling issues. These are ~400 pound batteries. You’re not just going to have one guy carrying them around. Or even 2 or 3 guys. You’re going to have forklifts running around inside some kind of underground bunker (because you’ll be replacing the batteries from under the car) that stores all the inventory and charging equipment. We’ll assume the forklifts are electric too, so no need to worry about extra ventilation in your battery bunker. A hundred 400 pound batteries is 40,000 pounds of material that you’re going to be carrying around each day.

Now consider the storage space needed for all the charged batteries…and the racks and chargers to charge them on. That bunker’s gonna be big. What is the land and construction cost going to be for this facility? Especially in an area like LA?

And then…what does the battery swap cost the consumer? After you factor in the $2.5 million inventory cost, the facility cost, the labor and equipment cost, the cost of the electricity to recharge everything, and the lifespan of a battery (which are all going to be doing full cycles every day, granted that you’re in a swap-system now)…and I don’t know. The battery swap facility has to at least break even, if it’s a Tesla-owned facility. Has to make a reasonable profit if it’s a 3rd-party kind of thing. So…$100 a swap? $50? $250? Dunno. Probably can’t know until you actually get a good handle on the facility cost and the lifespan of batteries that are in that kind of constant-use cycle.

Finally, let’s just simply look at time. How long does it take to do the swap, considering that you have to get the car over a limited number of service bays to drop it out from underneath the car and onto a forklift, carry that battery to a charging rack and plug it in, pick up a charged battery from that rack, bring it back to the car and lift it up and install it. Let’s assume that’s ~15 minutes per car, which I have a feeling may be a bit optimistic, but for now it’ll work. On the face of it, you can say “well, at 4 changes per hour, you can do 96 swaps on a single bay in a day, so no big deal!”

Ummm…no. Reckon gas stations get steady-state traffic throughout all hours of the day? What happens is people will be coming in on their way to work, or on their way home from work. You have to squeeze the vast majority of your 100 battery swaps into a couple hours of the day…let’s say 4 hours to be generous. To do 100 swaps in a 4-hour window, you need 6.25 bays (so, 7 actual bays).

That means you need a lot more land than initially you may have been thinking. And your underground bunker needs to be that much larger to accommodate all those swap bays. And now you need more forklifts, and room to safely maneuver all of them and have space for them to get in and out of the storage and charging areas. And your labor costs went up too.

In the end, demonstrating that you *can* change a battery…even if the process for doing so is kind of nifty…is utterly irrelevant. You need to demonstrate how you’re actually going to make that work in the real world – on a reasonably-sized chunk of land, in a reasonable amount of time for the consumer, and at a reasonable cost.

So…save the swap demonstration. What you need to “demonstrate” is how you’re physically and financially going to make a real-world facility work.

Tom- Denver-CO
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TESLA BATTERY

Tesla snoops on you worse than the spy guys. Tesla cars watch and listen to you.

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Google is now in trouble for spying on everybody. Google is one of the biggest “silent investors” in Tesla.

Elon Musk has admitted to the NY Times that his cars are wired to report your location, route of travel, dashboard settings and other real-time use information back to his office.

It is now also learned that the hands free microphone in the cars can be remote activated and also hacked to listen to everything you say in a Tesla.

That’s nice. It is always good to pay $100,000.00 to someone so they can listen and watch everything you do.

Betty Kornen
New Jersey

EXPOSE!: Over 3000 failed due diligence metrics discovered in investigations

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EXPOSE!: Over 3000 failed due diligence metrics discovered in investigations

As investigation results and journalism reports continue to emerge, and as FOIA data and third party releases are produced in the open, it has become clear that something was manipulated by DOE and Hill staff to create a theatrically staged process in which only favored insiders could win but which, at first, had the contrived appearance of fair opportunity.

One of the most profound elements of these investigations has been the telling evidence that now shows that over 3000 due diligence items were failed by so called DOE “Winners”, yet those winners still got their money. A large number of applicant “losers” actually beat the “winners” in due diligence comparisons but the evidence was manipulated by certain DOE staff in order to steer resources to a provided pre-approved “short-list” .

Examples such as the fact that Solyndra and Abound’s solar panels catch fire on your roof-top were well known and documented prior to the award but ignored in the award review.

Fisker’s batteries were known to blow-up, catch fire and burn the car and your home to the ground if they get wet or have a wire short. This was well known because DOE funded the company that provided the batteries and the failures were documented by DOE’s own staff. Fisker, Enerdel and A123, all of whom got the same batch of DOE money, failed because of documented errors which were publicly reported in technical materials far in advance of the award of money to either Fisker, Enerdel or A123 (Marketed as the “premiere”, “eminent”, “SHOWCASE”, “best-of-breed companies” by DOE and Steven Chu in order to sell the market on them)

Tesla has batteries which blow up when they get wet, had a horrific debt metric and had a vast number of negative metrics compared to every other applicant, at the time of application, yet they still got a windfall without questions.
Thousands of comparative review metrics have now emerged that point to only one conclusion: Someone inside DOE ordered certain companies to get money and certain companies to not get money.

Steven Chu stated that the DOE was the largest, most powerful, most well-resourced energy agency “on Earth”.

How could the “most powerful, most well-resourced energy agency on Earth”, the organization with more money than any other agency anywhere, blow it so bad? How could they have made over 3000 technical and financial mistakes? Is that even possible?

The process of reviewing a company for funding is called “Due Diligence”.
Due diligence is the process for reviewing and documenting the technical and financial metrics of a loan investment. A bank or venture capitalist usually has a budget of $10,000.00 and about 5 people to do due diligence on each applicant. DOE staff had millions of dollars, thousands of people, hundreds of millions of dollars of equipment and multiple deeply resourced federal labs.

To Repeat” How could the “most powerful, most well-resourced energy agency on Earth”, the organization with more money than any other agency anywhere, blow it so bad? How could they have made over 3000 technical and financial mistakes? Is that even possible?

Steven Chu has said: “We did all of the usual due diligence”… “Failures just happen all the time”.

Do they?

In an analysis of 14 other industries and their financing, not so much.
It turns out that the DOE failures are the largest number of failures following the most resourced due diligence in global business history.

Let’s say that another way. No industry has had so much money provided, so much checking out of applicants and so many failures, ever!

What is the bottom line?:

If the due diligence was even performed at all, someone at DOE ordered it all tossed out. It isn’t possible to look at all of the available facts at the times of application and select the current “winners” based on the available information at the time. It isn’t possible to look at all of the available facts at the times of application and name the other applicants “losers” when their ACTUAL due diligence metrics beat most of the “winners”.

Why would someone do this?

To pay off certain investors for other favors.

Stay Tuned…

DG
Associate to the LA Times
Los Angeles, CA

What is “Crowd-Lawyering”

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What is “Crowd-Lawyering”

“Crowd-lawyering”, also known as “Crowd Law Enforcement”, is when the public work together over networks and communities to solve a crime, right a wrong, or otherwise enact justice when there is a cover-up, or when the authorities that are supposed to solve the crime have been ordered to not solve it, or to move so slow on it that nothing happens by intent.

Erin Brokovich created a well known Crowd Lawyering effort in the USA. Nazi hunters, toxic dump site communities, community transit systems and others have had great success with the process.

Today, thousands of Crowd-Lawyered efforts have resulted in indictments, prosecutions, regime/democracy change and other validations of the community networked justice system.

Roger Poret
La Francaise
Paris, France

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There are now over 21 websites and blogs, over 40 community groups and a large number of journalists and members of the public researching, blogging and writing about CAR-GATE. Whether or not the State and Federal agencies that are supposed to be working on it actually are, it is hard to imagine that anything but justice will evolve from this.

Randy
Research Assistant
LA Times

9 questions for Tesla’s Elon Musk; Reporters embrace the “jump Musk” tactic to expose him

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9 questions for Tesla’s Elon Musk
By Alex Taylor III, senior editor-at-large

elon musk

(Fortune)

At about $90,000 apiece, Tesla’s zero emission cars have become a symbol for those in the moneyed class who want to show a commitment to the environment. At the same time, billionaire CEO Elon Musk has emerged as the company’s chief spokesman and cheerleader, encouraging optimistic sales projections and batting away doubters and naysayers who say the company’s shares are overpriced and the cars are overrated. In recent weeks, he’s battled both the New York Times and Barron’s over what he perceived to be negative coverage about the company’s prospects. “I have no interest in an article that debates what we consider to be an obvious point — which is that there is a dramatic reduction in battery costs,” Musk told the Barron’s reporter. “You clearly do not understand the business.” Then he terminated the interview.

Is Musk the next Henry Ford — or Preston Tucker? By getting Tesla (TSLA) into production with a saleable car designed from the ground up, he’s already gone further in the auto business than many people expected (see Henrik Fisker), but Tesla’s stratospheric rise has generated heated debate on websites like Seeking Alpha and Motley Fool as to whether it can continue to expand at its current rate. Here are nine questions for Tesla and Musk:

1. Is Tesla’s stock price the result of irrational exuberance?

As numerous commentators have pointed out, your company’s finances look more like an Internet startup’s in 1999 than those of a traditional automaker. Tesla has made money in only one quarter during its 10-year history, is expected to only break even this year, and make a buck a share in 2014. That works out to a forward p/e of roughly 100.

Tesla could possibly make 35,000 vehicles per year by 2015, but GM (GM, Fortune 500) and Ford (F, Fortune 500) respectively produced 252,894 and 246,585 vehicles during the month of May in the U.S. alone. GM has a trailing p/e of 11.9 and Ford 10.7. Investors have to decide where the best value lies.

2. Can you make money selling cars without air pollution credits?

Behind Tesla’s $11 million first-quarter profit, analysts figure there is nearly $100 million in one-time or otherwise unsustainable items, including $68 million in zero emission credits that you’ve said will disappear by the end of the year. That will leave a big hole in your operating statement. How will you be able to fill it?

3. AutoData reports that Tesla sales declined 14.7% in May. Is this a one-month blip or a sign that the immediate demand by early adopters has been satisfied?

Part of the auto business is fashion; cars with flashy designs or novel concepts get a big initial boost but have a faster decay in their sales curve than more conventional cars with steadier demand. Teslas are high fashion: eye-catching designs combined with unusual powertrains. The sales slump could also be a sign that your company is exhausting the market for super-premium priced cars. The number of people shopping for Porsches and higher-priced Mercedes and BMWs is thin and essentially finite, and Tesla may have already gotten its share. It is also worrisome that you used to brag about your order backlog, but now you won’t release that information any longer. What is going on?

Elon Musk: Electric car competition is key

Elon Musk: Electric car competition is key

4. Can you continue to roll out your distribution model nationwide, given the opposition of local dealers and the barriers of state franchise laws?

Instead of using franchised dealers, Tesla is distributing its cars through company-owned outlets. You argue, reasonably, that “existing franchise dealers have a fundamental conflict of interest between selling gasoline cars, which constitute the vast majority of their business, and selling the new technology of electric cars.” But that puts you in opposition to state franchise laws enacted in the 1920s to protect independent dealers. Tesla has won court decisions in Massachusetts and New York but suffered setbacks in Virginia and Texas. Advocates of the franchise system argue that independent dealers are essential to provide inventory buffers and to interface directly with customers.

5. Does it really make sense to build a nationwide recharging network?

Since electric cars have limited ranges, everyone agrees that a network of charging stations is essential to their widespread adoption. Supercharger stations can return most of a vehicle’s range in 25 minutes but cost $150,000 apiece. You currently operate eight supercharger stations, including six in California, one in Connecticut, and one in Delaware, and you have promised to install 200 coast-to-coast by the end of 2014. Won’t the supercharger attendant in Nevada or Kansas be as lonely as the Maytag repairman?

6. Is guaranteeing the residual value a smart business decision?

In May, you announced that you will guarantee to anyone who leases a Tesla that it will have a higher residual value after three years than any other luxury car on the market. That’s nice, but who knows what a Tesla will be worth three years from now? As analysts have pointed out, that just shifts the risk from car owners to shareholders. You could be stuck with a lot of vehicles that are worth less than expected

7. Can you bring down the price of batteries far enough to build a $40,000 car?

You have said you will launch a small electric sedan in late 2016 with a range of at least 200 miles and a price point “half” that of the flagship Model S. That means it will start at about the same price as the Nissan Leaf — around $30,000 — but have triple the range. You said you were “pretty optimistic” that the necessary advances in battery technology are achievable without “any miracles happening.” There aren’t many who are equally optimistic.

8. Every other EV manufacturer is struggling. Are you really that much better?

GM just cut the price of the 2013 Chevrolet Volt by $4,000 to boost stalling sales. Nissan sold only 2,138 Leafs in May. The only electric car that has been made so far that could compete with the Model S was the Fisker Karma, which looked attractive, was powerful, and had a high range. Unfortunately, the Karma was not a success, and Fisker is now defunct.

9. Are you in danger of overreaching?

Google (GOOG, Fortune 500) founders Larry Page and Sergey Brin were both investors in Tesla before its 2010 initial public offering, and that’s pretty intoxicating company. So perhaps we shouldn’t be surprised that you are talking with Google about adding driverless technology to your cars. “Autopilot is a good thing to have in planes,” you said in an interview, “and we should have it in cars.”

Personally, I’d be happy if you just continue to develop your cars, bring your prices down, and blanket the East and West Coasts with service centers and charging stations. That way, if you don’t become the next Henry Ford, at least you would be the next Walter Chrysler. To top of page

- See more at: http://money.cnn.com/2013/06/12/autos/tesla-elon-musk.fortune/index.html#sthash.7kxgAvGB.dpuf

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