​Investing in Tesla’s stock is like building a high rise building on the San Andreas fault. You figure everything has worked out fine thus far so all the predictions of doom must be wrong. But both will eventually end in a spectacular collapse. 

Here's what happened in a nutshell. This poor guy rented a Tesla. He was complaining to his friend that the car kept "malfunctioning". Next, he and the Tesla are at the bottom of a cliff. He died.  

​Back in December I had written about Hollywood actor Rob Schneider regretting taking the family Tesla on a trip. His wife had warned him that it was always “breaking down”. It would inexplicably lose power leaving her stranded in the middle of the road. While Rob was driving his Tesla, it did indeed “break down”. He said that he was afraid for his life since he could have been killed if the cars whizzing by had crashed into him. 

The Tesla stock bubble has only been getting more and more ripe for pop lately. With the fed about to raise interest rates, the SEC cracking down on gamma squeeze scams like Archegos, and all things tech being down lately. How much longer can it go?

The fundamentals alone are still terrible.  They are still selling the bogus full self driving to help drive their tiny profits. But what is alarming is that even that isn’t enough, they are also cutting back on R&D. Which means delays in future models.

Plus, customers are crying out all over the world about overloaded service centers. That means Tesla isn’t spending what they should on service costs, in order to keep up the illusion of “record profits”. Tesla saying that they had record profits is like Exxon Mobil saying that they are moving away from dependence on oil at a record pace.

If you have access to Fortune magazine, you should check out this reasoned analysis on why the Tesla stock price is all built on a house of cards. If I have any disagreement with this guy it’s only that he’s still on the high side. Valued like a true automaker, Tesla should be $20-$50 per share by my estimates.

Elon Musk’s ‘science fiction’: Top analyst calculates Tesla’s true worth is just $138 a share

Whenever anyone makes the claim that Elon Musk had anything to do with PayPal, show them the graphic above. PayPal was on it’s way long before Musk, and later, the incompetent boob was dumped overboard. 

BTW, he didn’t found Tesla either. 

The picture above is of the opening of the tunnel under the river Thames. Back in 1843 this was considered a technological breakthrough. But drilling a tunnel today...not so much.

Affirmative action gets a bad rap in certain circles because it carries the stigma of rewarding people based on social goals as opposed to individual merit. Of course, I’m using the term loosely in my title but I think the usage is fitting. 

Musk is an incompetent boob who bungles everything he touches. His car company has been on the verge of bankruptcy multiple times and SpaceX is flirting with financial disaster too. Even today, Tesla is only able to increase unit deliveries by subsidizing the price via selling the non-existent full-self driving option (FSD). The profit is a mirage that couples selling faulty FSD software and Federal ZEV credits. Nothing with Tesla has changed. 

So if the bumbling and mumbling Musk received Time’s person of the year award, how can this be true? Well, take a look at this. It makes a lot of sense.

This is hilarious. The famous actor Rob Schneider says his wife warned him not to take the Tesla “because it always breaks down”. 

This is just one of many examples which illustrate who makes the worst cars in the world. However, it was nice to see Rob give some props to our public servants. Those guys truly have a hard job and deserve some respect from the public. 

Folks, you are looking at an early supporter of Tesla. But 8 years of glitchy quality problems with the eventual failure of the battery pack can really squeeze the Tesla fandom out of any one.

One thing that most EV owners don’t realize is that battery packs don’t have linear degradation. Meaning that if you lost 2% of your capacity in each of the first 2 years, that doesn’t mean that you’ll have 80% left in 10 years. Battery degradation actually starts to accelerate at some unknown point. This happens with phones too. You have great battery life in the first 2 years but then after you hit that 3rd year the battery really starts to go away fast.