Tesla: Bonfire Of The Money Printers’ Vanities
The Wall Street casino is now festooned with giant deadweight losses waiting to happen. But perhaps none is more egregious than Tesla—–a crony capitalist con job that has long been insolvent, and has survived only by dint of prodigious taxpayer subsidies and billions of free money from the Fed’s Wall Street casino.
Click the link for the full Tesla and "green industry" story. Sadly, I've seen comments here on the Gulch lauding Elon Musk as a brilliant entrepreneur. He's today's version of Orrin Boyle.
Click the link for the full Tesla and "green industry" story. Sadly, I've seen comments here on the Gulch lauding Elon Musk as a brilliant entrepreneur. He's today's version of Orrin Boyle.
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While I still have a passion for the technology, it is obviously at a great cost both economically and environmentally. Still very cool. I drive a Volt and love the quiet ride and acceleration, but really leased it just for the attention it gets. I have it lettered up with my business info. Just like Elon is doing, you go with the flow of money. Good or Bad, the masses think that we need alternatives to conventional oil.
Excellent. sll!