[Gigi3000]

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

[villagetinker]

Originally Posted by Gigi3000

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

$300k for a flying LOW Speed vehicle with what appears to be no trunk or storage area. This does not appear to be a practical vehicle, a niche vehicle possibly, but I do not see it as a suitable investment.

[Bjeanj]

Noooo. I don’t care for the Tesla’s track record, and investing in a startup like this is beyond my risk threshold.

[Gigi3000]

Originally Posted by villagetinker

$300k for a flying LOW Speed vehicle with what appears to be no trunk or storage area. This does not appear to be a practical vehicle, a niche vehicle possibly, but I do not see it as a suitable investment.

I see them being popular in large cities, flying over the traffic jams. When i was working, I dreamed of this type of "vehicle". I believe i read it only goes 25mph, which i really slow. Thanks for the input.

[retiredguy123]

I would never invest in an IPO (initial public offering). Typically, the only investors who make money are those who have insider information, regardless of how successful the product is.

[ThirdOfFive]

Originally Posted by Gigi3000

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

These "flying car" ideas and some prototypes have been around since the 1950s. Popular Science and Popular Mechanics magazines seemed to run a lot of stories about them. But to me, and especially today, they seem like a solution in search of a problem. 25 mph. on the ground but a 110 range airborne...on a drone license? These things always seem to appeal to those folks who are non-pilots; people who have little or no idea what is involved in actually piloting an aircraft.

An interesting toy for some, maybe. But little beyond that.

[Stu from NYC]

Its a toy but it can be very dangerous

[WingedFoot78]

Can you imagine what the insurance would cost for one of those things. Also, many people have difficulty in two dimensions.

[golfing eagles]

Originally Posted by WingedFoot78

Can you imagine what the insurance would cost for one of those things. Also, many people have difficulty in two dimensions.

Heck, some drivers in TV have trouble driving in ONE dimension

And commercial pilots are worried about bird strikes

[NoMo50]

Think about the sheer number of people who prove, daily, that they have no business driving a car or golf cart. Now envision those same people flying. Sounds like an idea that will never get off the ground.

[golfing eagles]

Originally Posted by NoMo50

Think about the sheer number of people who prove, daily, that they have no business driving a car or golf cart. Now envision those same people flying. Sounds like an idea that will never get off the ground.

The bigger problem would be if those drivers DO get off the ground

[Blackbird45]

It's a novel idea, but can you imagine them in The Villages, a lot of the people here can't even handle a golf cart.

[retiredguy123]

The OP is asking if this is a good financial investment. The company is being presented as an IPO, initial public offering, which is an attempt to raise capital from average investors to further develop and market the product. I am not an expert on IPOs, but I always steer clear of them as an investment. From my limited experience, a successful IPO stock will typically go way up in price in a short period of time, and then the original investors with inside information, will sell off their stock, make a huge profit, and the stock to go way down. But those with no inside information will be told, by their broker, to hang onto the stock, and they will not know when the best time to sell occurs. The success of this process is mostly determined by the ability of experienced and shrewd stock brokers who are able to dupe average investor clients into buying the stock based on the promise that the product will eventually be a big profit maker. If the product is successful, the company may make a lot of money on it, but that will not happen until years later. So, my advice is to avoid IPOs unless you have real, valuable inside information about the company. If you like the product, wait until the volatile IPO initial process is over.

[Johnsocat]

Flying car that is electric? No thank you.

[Haggar]

Originally Posted by retiredguy123

I would never invest in an IPO (initial public offering). Typically, the only investors who make money are those who have insider information, regardless of how successful the product is.

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.