However, entrepreneurs and business people cannot lie around the market. If they make outlandish promises, the markets punish them. Ask Elon Musk, whose Tesla Trump trick recently flopped.
All tagged Tesla
The Tesla Effect
However, Tesla is the catalyst for all of this development, despite being structurally bankrupt, “which is to say it depends completely on continued capital infusions for its survival,” Montana Skeptic writes on Seeking Alpha.
Popular Delusions: Markets, Musk, Murray and Bitcoin
The popular delusion being posited that Murray Rothbard is somehow the father of the alt-right and, “Rothbard, who died in 1995, would’ve loved Donald Trump, and he seems to have foreseen his rise as if in a dream,” wrote Justin Raimondo, is an attempt to make Murray the boogie man yet again.
Join the Bubble Stocks: Just Add Blockchain to Your Company Name
Stock promoters where more ingenious then; today all that is needed is “blockchain” in the company name.
Musk vs. Buffett
Meanwhile, Warren Buffett is betting humans will be driving trucks for a long time to come. He bought 38.6% of Knoxville, Tenn.-based family-owned Pilot Travel Centers LLC. Pilot Flying J and plans to boost ownership to 80 percent in 2023.
Rocket Man Musk's Fantasy Land
Musk has never met a timeline he hasn’t blown, whether it's making cares, rockets or solar panels.
Fed Policy: Conundrums and High Priced Junk
“Because asset prices aren’t part of official inflation measures, and because identifying an asset bubble is beyond their scope, central bankers eschew using monetary policy to respond to them.”
Elon Musk Preys on Short Memories
“It’s a well-oiled routine,” Bloomberg reports. “Musk previously tapped his cult-like followers in the equity market for capital eight times in seven years to fund Tesla’s growth. Apparently, his pitch works on debt investors, too.”
Tesla: Automobile Rent Seeker
After state government paid $43 million to brothel owner Lance Gilman for Tesla’s land and now has forked over another $59 million in transferrable tax credits, taxpayer have “invested” $214,000 in each $22.00/hour job.