Wednesday, July 1, 2020

One of these days I'm going to have to write something about the consequences of years of playing along with myths of tech messiahs, unmooring "success" from viability, and generally letting rich people get away with anything-- but for now some totally unrelated deferred Tuesday tweets



Tesla is a company priced one, maybe two orders of magnitude above the fundamentals in the middle of a bubble in the middle of an economic collapse. Other high fliers are starting to implode, revealing fraud and massive regulatory failure.

But there's nothing to see here.




Musk, with the help of a... friendly board, has lined up an unprecedented compensation plan.

But there's nothing to see here.



Accompanied by lots of questionable accounting.

But there's nothing to see here.
 


The valuation assumes Tesla can achieve and maintain a near monopoly on EVs.

But there's nothing to see here.



Quality control seems to be having some issues. (Remember that question about goodwill?)

But there's nothing to see here.



    Model 3 totaled and the airbags didn't go off. Because the car was built in a tent. $TSLAQ https://t.co/hP6Lk9vO7V

    — TC (@TESLAcharts) June 30, 2020




And the stock keeps going up.



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