Premarket OT: I'm not familiar at all with blink. I have a position with Chargepoint/SBE myself. I've used their charger extensively myself and even worked with them directly on some billing interfaces through my day job. Easy to use software and nice customer experience that just works. I don't think they are some amazing company but they are in the right place and right time to really take advantage of this green energy push.Holy crap. That's just crazy. Who spends enough time at burger king that a 25 mile per hour charge is worth plugging in to.
I've had to use a blink charger once, in Seattle. And it was a frustrating experience for which I didn't feel like it was worth the effort when I unplugged in the end.
You don’t want to miss this!
CNBC is going to debate “Elon is moving to Texas” topic next. Amazing!
Argh. Basically have the internet is milking this topic and it's driving me crazy.
In the standard MBA environment you are taught that it's stupid to not load up on debt due to tax reasons as it's basically free money. Technically that's true but it does increase risk as you described. Perhaps this is a good strategy for stable companies with flat revenue but we all know that Tesla isn't in that category for many reasons.I think it is very, very smart for tesla to use the cap raise to pay down debt. I know the corporate mantra for many years has been 'load up on debt and who cares', but we are entering uncharted waters in terms of global economies, with pandemics, political instability, climate change and who knows what direction interest rates will go in the future. Having little to no debt is an incredibly strong position to be in, and I'm very happy as an investor to see them take that step.
It also weakens the argument for bailing out car companies that get in trouble, as wise politicians can ask why the so-called experts at GM, Ford etc did not manage their debt like tesla did when they come begging to the government for help (again).
Also its a good point to be able to make to potential car buyers. Do you want a car from a financially stable company? or one from a debt-laden dinosaur that might crash and burn next year?