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.

EY failed to ask for Wirecard bank statements for 3 years https://t.co/6RKdpokvSg

— Finance News (@ftfinancenews) June 26, 2020

No Shit. https://t.co/nrIpzh9e78

— JC Oviedo (@JCOviedo6) June 30, 2020

I was told it would be August 2020... https://t.co/RlQ8D0xfBs

— TC (@TESLAcharts) June 30, 2020

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

But there's nothing to see here.

Tesla shareholders urged to oust Elon Musk over $55bn pay deal https://t.co/VfiCir3LcM

— Mark Palko (@MarkPalko1) July 1, 2020

*TESLA ENTERED INDEMNIFICATION PACT WITH ELON MUSK

— Andy (@evebitdap) June 30, 2020

On April 28, $TSLA's 10-K/A had one explanation for Musk furnishing the D&O coverage: "disproportionately high" premium quotes.

Today's 8-K has another: COVID disruption.

The irreconcilable accounts will bother only those who are troubled by flagrant dishonesty. pic.twitter.com/AEnggeR5Id

— Montana Skeptic (@montana_skeptic) July 1, 2020

Elon Musk's SEC Consent Decree required that he appoint *independent* Directors to the Board. Now making all Directors financially dependent upon him would seem to be a willful violation. $TSLA

— PlainSite (@PlainSite) July 1, 2020

Accompanied by lots of questionable accounting.

But there's nothing to see here.

I've spent more time studying this than anybody. I've built flow models. I've modeled their behavior and wrapped it back into the flow. There's a VIN gap. When this story is over we'll close the mystery. And by the way, knowingly delaying registrations is fraud enough.

— TC (@TESLAcharts) August 1, 2019

 

Just kidding, I know why they do it. $TSLA $TSLAQ https://t.co/wbDetvPjj9

— ContrarianShort (@ContrarianShort) June 19, 2020

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

But there's nothing to see here.

Putting my car reviewer hat on: the Model 3 is mad fun to drive, but the upcoming Volvo Polestar EV looks awesome. Volvo ADAS systems are excellent. As always when shopping for a car, give a good look at all alternatives. I’ll review it soon as it’s out. https://t.co/oEs9P0jJLC

— Russ Mitchell (@russ1mitchell) May 11, 2020

The head of VW Communications in Norway says the ID.3 will be the best selling car in Norway in 2020 in spite of deliveries starting in end of Septmeber. Based on eTron sales that means at least ~11,000 delivered in ~3 months.https://t.co/vmlaaxnL9Y$tslaq$tsla

— Tesla Prophet (@ProphetTesla) June 29, 2020

Transformation of @Volkswagen's Zwickau plant in full swing. The former Trabant factory built its last ICE model, a Golf R Variant, today. Zwickau will produce 6 MEB models for VW, Audi, Seat. Some 6,049,207 Volkswagens have been produced there since 1990@VWGroup @VWGroup_DE pic.twitter.com/0GcRUf78m8

— Greg Kable (@GregKable) June 26, 2020

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

But there's nothing to see here.

“With such a grave accusation, it would not surprise us if Tesla were to sue her and Business Insider. In fact, that is the obvious next step for the company if anything the article claims is false.”$TSLA https://t.co/0IBkMRnhpJ

— JC Oviedo (@JCOviedo6) June 26, 2020

J.D. Power rates Tesla electric vehicles as lowest quality auto brand in 2020 study https://t.co/iVL1tKrfZb via @usatoday

— Mark Palko (@MarkPalko1) June 25, 2020

When I was a kid two-tone cars were a lot more popular. https://t.co/4QukJFf5qU

— Russ Mitchell (@russ1mitchell) June 27, 2020

    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

This is ridiculous. Guy gets a free shower option in his car and he dares to complain about it.

"Help me out here, Tesla, this thing cost me >$65k and can't be driven in the rain???"#TeslaQualityIssues #TeslaModelY #Tesla #ModelY https://t.co/Au3ASTum04 pic.twitter.com/kSoHQaBiKe

— FSD in 6 months (@FSD_in_6m) June 21, 2020

And the stock keeps going up.

Yes, I'm sure that's "what it's a sign of." https://t.co/1wwcrm1O7V

— Mark B. Spiegel (@markbspiegel) June 30, 2020

This is like air guitar competition of empty promises https://t.co/wNvN7h1tSR

— Realist (@TeslaAgnostic) June 28, 2020