Tesla fans love to say that Tesla “isn’t like the other automakers”. And yet, when it suits their propaganda, they compare them as if they were.
I thought this was pretty funny. A whole group of companies came together to assert that Musk is a serial liar who can’t be believed. Check out the article here by The Verge.
The Stock Price Isn’t the Only Thing Headed For a Crash Tesla apologists love to claim that Tesla gets undue criticism when their weird crashes kill people. They justify all the Tesla customers who’ve been barbecued alive unexpectedly as a normal risk of driving. But they conveniently try to wave off the fact that normal cars don’t just burst into flames while sitting in a garage in the middle of the night. Nor do they hit the brakes unexpectedly while driving 80mph or take rest area off-ramps and slam into trucks at full speed.
So on the Saturday of a 3-day holiday weekend, Tesla reported hugely disappointing delivery numbers in the hopes that no one would notice. Or at least forget by Tuesday. The party is over folks. The whole Tesla growth story is running on fumes and it won’t be long before the stock price crashes.
It seems that if you dig into any favorable piece of information related to Elon Musk, you end up finding that it’s not really what it’s cracked up to be. The latest is his supposedly large twitter following. According to Studies, Elon Musk has one of the most fake followings of any famous person.
So what has happened with Tesla lately? The historic source of most of their profits, government-mandated ZEV credits is coming to an end soon. The other major driver of their profits, the poorly conceived self-driving software is getting investigated by the NHTSA. It’s looking like crashes which involved the software were switching off a second prior to impact. This would allow Tesla to say with a straight face that AutoPilot was not engaged and it was driver error. Of course, that wouldn’t be true in spirit.
A recall on the Full Self Driving software would be financially devastating to Tesla. They wouldn’t be able to sell this software until the problems were fixed. Would past sales have to be refunded? So what does Tesla do? A stock split! The basic idea is to pull in dumb retail investors to prop up the stock price as institutional investors start to head for the exits. My respect for Steve Wozniak has just gone up. He’s finally ditched his Tesla and bought something else. I always thought he was too smart to drive a glitchy rattletrap like that.
It’s been alarming to see how easily duped Musk’s latest victims are. Conservative Republicans and Libertarians all over the world are now cheering for Elon Musk in his Twitter takeover. Never mind that Musk embodies everything that they think is wrong with the financial system. I suppose the “enemy of my enemy is now my friend”.
When it comes to Tesla, it’s almost like the headlines from the sycophantic press mean the opposite of what is really going on. There are two major problems with their supposed “record” deliveries.
Proponents of electric vehicles have been saying for years that since EVs have less moving parts, that they are more reliable than their gas powered counterparts. So somebody decided to see if that theory is actually true or not. The results were quite interesting. Electric vehicles actually turned out to be much more problematic than gas powered cars. And Tesla was so bad, it dragged down the score for electric vehicles in general.
|
Categories |