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-   -   Alef Flying car (https://www.talkofthevillages.com/forums/investment-talk-158/alef-flying-car-342481/)

Haggar 07-06-2023 07:49 AM

Quote:

Originally Posted by Gigi3000 (Post 2232209)
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 07-06-2023 08:12 AM

Does it come with a parachute?

djplong 07-06-2023 08:16 AM

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 07-06-2023 08:24 AM

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 07-06-2023 08:35 AM

Quote:

Originally Posted by Haggar (Post 2232428)
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 07-06-2023 10:12 AM

Quote:

Originally Posted by Blackbird45 (Post 2232470)
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 07-06-2023 01:04 PM

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 07-06-2023 06:00 PM

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

Bay Kid 07-07-2023 06:11 AM

Meet George Jetson!

Wondering 07-07-2023 07:56 AM

Quote:

Originally Posted by Gigi3000 (Post 2232209)
Alef, supposely backed by Tesla, was approved by the FAA for test flights. Anyone biting and investing?

Another toy for billionaires!

Stu from NYC 07-07-2023 09:39 AM

Quote:

Originally Posted by Wondering (Post 2232828)
Another toy for billionaires!

mega millionaires

NYMAN 07-07-2023 11:31 AM

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


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