Tesla – The Bloom is Off the Rose

by JDH on January 19, 2019

Alternate Title: Tesla – Has this ponzi scheme finally been exposed for what it is?

I am not a fan of Tesla.

Yes, I’ve had a drive in the car, and the car is cool.  It looks fine.  It’s quiet.

It’s quiet because it’s electric, but so is a golf cart, and that’s the problem.  People who have never driven in an electric car before got all caught up in the quiet, and thought that someone this big golf cart was revolutionary technology.

It isn’t.  It’s a fancy golf cart.

I have nothing against electronic vehicles.  No doubt, they are the wave of the future, and if you want one I suggest you investigate the great offerings from Jaguar, and Porsche, and other real car companies.

Elon Musk is a hukster and a showman, and on nothing more than flim-flam he was able to create a “car company” that up until Friday had a larger market capitalization that General Motors (a company that actually makes cars).

The company survived because governments around the world gave money to customers who bought them, but that money is running out, and without someone else paying some of the freight, Teslas are nothing more than an expensive golf cart.

(NOTE: I have nothing against golf carts.  They are great on a golf course).

So on Friday, Saint Elon had to announce the inevitable: he is cutting 7% of the workforce, because without generous government subsidies, and in the face of competition with real car companies, no-one is buying a poorly built, expensive, golf cart.

Thank you Elon, I’ve done well on the puts, and I keep selling and rolling them forward, so I will continue to cash in.

More gloating next week……..