[Haggar]

Originally Posted by Gigi3000

Alef, supposely backed by Tesla, was approved by the FAA for test flights. Anyone biting and investing?

Tim Draper - who invested in Tesla and SpaceX - is an investor in ALEF. Tesla has been reported as working on their own flying car.

[Stu from NYC]

Does it come with a parachute?

[djplong]

Tesla has nothing to do with this. A person (Tim Draper of Draper Associates Fund V) who invested early in Tesla and SpaceX also invested in this company.

[Blackbird45]

Flying cars might be the best investment in the world, but it's only for the very young. By the time this become a staple of American life, with the acceptance and all the government regulations, most of us will be long gone.

[retiredguy123]

Originally Posted by Haggar

If you had invested $10,000 in the IPO for Apple in 1980 those shares would be worth $6,620,000 (and that number might be old). If you invest in 10 IPOs, lose money in 9 and hit in big on 1 - that investing philosophy might work very well.

Did you look at the Apple stock history? That stock didn't start to go up until 25 years after the IPO. So, making money on Apple stock had nothing to do with buying the IPO.

[Gigi3000]

Originally Posted by Blackbird45

Flying cars might be the best investment in the world, but it's only for the very young. By the time this become a staple of American life, with the acceptance and all the government regulations, most of us will be long gone.

Right. I was thinking of getting it for my grandsons to hold for 50 years.

[ThirdOfFive]

There's a saying among private pilots: "if you're in a hurry, drive".

If you've really been bitten by the flying bug, then spending $300,000 on what is basically (at this point, anyway) an unproven experimental aircraft with very limited range is a waste of time and money--especially if you are NOT a licensed pilot you would have little to no idea what you're doing up there anyway. Another $200,000 - $220,000 will get you a pretty respectable used airplane with a low - to mid-time engine and with enough avionics so that if an instrument rating is something you crave, it will fit the bill. Another $15.000 - $20,000 or so for lessons (more, if you're chasing an instrument rating) so that you're not endangering yourself or others whenever you take to the sky and the remainder on a real automobile should set you up just fine.

There are no shortcuts when it comes to flying.

[Stu from NYC]

Thought about buying one but decided I would be safer buying a tank. I have a Sherman on order.

[Bay Kid]

Meet George Jetson!

[Wondering]

Originally Posted by Gigi3000

Alef, supposely backed by Tesla, was approved by the FAA for test flights. Anyone biting and investing?

Another toy for billionaires!

[Stu from NYC]

Originally Posted by Wondering

Another toy for billionaires!

mega millionaires

[NYMAN]

are you kidding!!! the old people in the villages can't navigate safely with 4 wheels on the groun, I can only imagine what it would be like if they were flying... NO THANKS