Tesla Admits It Still Hasn’t Completed A Model 3 Beta Prototype

With Tesla stock price down 15% in the last few weeks, amid a roaring market, it appears doubts about Elon Musk's omnipotence are creeping in once again… and rightly so. Despite the hype surrounding hundreds of thousands of pre-orders due to start production in H2 2017, buried deep within the company's most recent 10-K filing is an admission that there is still no Model 3 beta prototype.

The fanfare surrounding the pre-order-fest for the Tesla Model 3 continues to support the stock in many analyst's (and investor's minds). However, with production due to begin in H2 2017 (just 4 months away) and delivery in 2018, doubts are starting to appear, judging by the stock's demise since earnings…

 

And Car and Driver's Anton Wahlman – who appears to be one of the few who actualy read Tesla's 10-K filing – may have found the reason for the doubts…

From the filing:

 

“We expect that the next performance milestone to be achieved will be the successful completion of the Model 3 Beta Prototype, which would be achieved upon the determination by our Board of Directors that an eligible prototype has been completed. Candidates for such prototype are among the vehicles that we are currently building as part of our ongoing testing of our Model 3 vehicle design and manufacturing processes.”

In other words, Wahlman points out, Tesla has not “completed” a Model 3 “beta prototype” as of, well, either of these two dates: December 31, 2016 (the period that the SEC filing covers), or March 1, 2017 (the date on which the document was filed). Pick your poison.

We know that around mid-February 2017, Tesla is said to have started building the next stage of Model 3 prototypes. It is from this batch that they appear to be creating the first “beta prototype.”

What does this mean for production? In theory, there is nothing that prevents Tesla from delivering what a normal car company would call a prototype test vehicle of some sort and simply declare victory on its original timeline. This is what Tesla did for the Model S in June 2012 and for the Model X in September 2015. After those events, it took at least another approximately three months—arguably a fair bit more—for proper volume production to take root.

That is to say that, no matter how immature, Tesla could indeed deliver a Model 3 in July 2017 and declare victory. However, that is not to be confused with what a normal car company would call its start of sales to the general public.

Basically, Car and Driver's Wahlman says, it comes down this:

If it’s prudent to start production of an all-new car three to six months after the advent of a “beta prototype,” then why don’t all automakers do this? Why do they take approximately two years for the preproduction testing stages, if only three to six months are necessary?

We will find out in the second half of this year.

More smoke and solar panel mirrors?

Still withcash burn at a billion dollars, there's probably nothing to worry about…

Islam Will Surpass Christianity To Become The World’s Largest Religion, New Report Says

Via Michael Snyder of The End of The American Dream blog,

If current trends continue, Islam is on track to become the largest religion in the entire world by the end of this century according a stunning new report that was just released by the Pew Research Center.

While it is true that Christianity is still growing on a global basis, it is not growing nearly as rapidly as Islam. So unless something changes, Christianity will only be the second largest faith in the world by the year 2070. According to this newly released report, Islam is the only major religion that is growing faster than the global population overall, and it is being projected that the number of Muslims on the planet will rise by a staggering 73 percent between 2010 and 2050

Islam is the only religion growing faster than the world’s population, and it will be the largest in the world by 2070, research has found.

 

US-based Pew Research Center analyzed demographic change among the world’s major religions and found that the world’s population of Muslims will grow by 73 percent between 2010 and 2050, compared to 35 percent for Christians, the next fastest-growing faith.

 

The world’s population will grow by 37 percent over the same period. If those rates of growth continue past 2050, Muslims will outnumber Christians by 2070, the report found.

Of course there are religious groups that are growing even faster than Islam, but they were not part of this study.

For example, I have previously written about how witchcraft is the fastest growing faith in America, and yesterday I wrote about how membership in the Satanic Temple in the United States has been absolutely exploding since Donald Trump was elected.

So it isn’t just Islam that is gaining ground.

But without a doubt, Islam is now the dominant worldview on much of the planet. Many in the western world tend to think of it as a Middle Eastern religion, but the truth is that most Muslims actually live in the Asia-Pacific region

Some 62 percent of Muslims live in the Asia-Pacific region with large populations in Indonesia, India, Pakistan, Bangladesh, Iran and Turkey, Pew researchers said.

 

In 2050, India is set to take over from Indonesia as the country with the world’s largest Muslim population, according to the study.

In India, there truly is a battle going on for the spiritual future of that nation right now. Christianity and Islam are both making a tremendous amount of progress, and this has greatly upset a lot of traditional Hindu groups.

Islam is making a lot of progress in Europe as well. A tremendous amount of immigration has caused the number of European Muslims to surge in recent years, and this new report is projecting that 10 percent of all Europeans will belong to Islam by the year 2050.

Here in the United States, Muslims still only make up a very small percentage of the population, but that percentage is growing too. The following comes directly out of the new Pew Research Center report

In 2015, according to our best estimate, there were 3.3 million Muslims of all ages in the U.S., or about 1% of the U.S. population. Pew Research Center’s 2014 Religious Landscape Study (conducted in English and Spanish) found that 0.9% of U.S. adults identify as Muslims. A 2011 survey of Muslim Americans, which was conducted in English as well as Arabic, Farsi and Urdu, estimated that there were 1.8 million Muslim adults (and 2.75 million Muslims of all ages) in the country. That survey also found that a majority of U.S. Muslims (63%) are immigrants.

 

Our demographic projections estimate that Muslims will make up 2.1% of the U.S. population by the year 2050, surpassing people who identify as Jewish on the basis of religion as the second-largest faith group in the country (not including people who say they have no religion).

Once the number of Muslims in the United States surpasses the number of Jewish people, what impact will that have on U.S. politics?

That is something to think about.

The report indicated that there are a couple of primary reasons why Islam is growing so rapidly around the world.

First of all, Muslims tend to have larger families than everyone else. The report said that the average Muslim woman has 3.1 children during her lifetime, while all other groups only have 2.3 children per woman.

So in the end, Islam could end up dominating the world just by simply making more babies than everyone else.

Muslims are also younger on average than other religious groups. According to the report, on a global basis Muslims are “seven years younger than the median age of non-Muslims”.

Unfortunately, when Muslims become dominant in a society they often want to impose their systems of government, law, economics, etc. on everyone else. That is why “sharia law” is such a sensitive issue, and the report found that in some Islamic countries an overwhelming majority of Muslims want to impose sharia law on everyone else

For instance, a Pew Research Center survey of Muslims in 39 countries asked Muslims whether they want sharia law, a legal code based on the Quran and other Islamic scripture, to be the official law of the land in their country. Responses on this question vary widely. Nearly all Muslims in Afghanistan (99%) and most in Iraq (91%) and Pakistan (84%) support sharia law as official law. But in some other countries, especially in Eastern Europe and Central Asia – including Turkey (12%), Kazakhstan (10%) and Azerbaijan (8%) – relatively few favor the implementation of sharia law.

Nobody can deny that Islam is one of the most dominant forces on the entire planet in 2017, and it looks like it is going to become even more dominant in the years ahead.

And that is troubling news for Christians and those of other faiths, because all you have to do is to look at countries such as Saudi Arabia, Afghanistan and Iran to see what happens to other faiths once Islam takes total control of a nation.

In a truly Islamic state, there is no room for religious freedom, and so the growth of Islam is likely to be one of the greatest global threats to the free exercise of religion for the foreseeable future.

Russian Foreign Ministry Spokeswoman to CNN: ‘Stop Spreading Lies and Fake News’

Russia’s outspoken foreign ministry spokeswoman, Maria Zakharova, had some choice words for CNN — after being confronted by their reporters over the AG Sessions’ hysteria. In a prepared statement, she called the event ‘media vandalism’ and a ‘disgrace’ — suggesting the US media is down in the depths of depravity and deceit.

She stated the American media had “cross(ed) the line far beyond the professional ethics and their competence. They accuse and judge by simply fabricating false information.”

“I have a question: is it rock bottom, which the US media has reached, or is there an even greater depth for them to dive?” Zakharova said.
 
“The things that the US media affords itself to report are just an attempt at… a total disinformation of the public in America and worldwide,” Zakharova explained, adding the US audience is, of course, the main target.

 
During the exchange, which was caught on camera and posted below, she laid into CNN — asking them to ‘stop spreading lies and fake news.’

‘Stop spreading fake news’, cuckburgers.

Watch.

Content originally generated at iBankCoin.com