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Elon Musk's racket

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Posted By: DVC, 5/1/2021 11:39:51 PM

The big automotive news is that Elon Musk's Tesla reported record earnings of $438 million for the past quarter. This translates to 93 cents per share on $10.39 billion in revenue. Tesla did this despite a semiconductor chip shortage that is hobbling other car companies like Ford, which had to slash vehicle production at seven plants in North America. Some see this as proving investors right to give Tesla stock a nosebleed price-to-earnings ratio of nearly 1,700, and thus making Musk the second richest person alive if not the richest. Our betters also preach that the stock market portends the future.

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Musk is doing good things in space, but his damned electric car is totally a govenment subsidized scam. If you take away the damned corrupt govenment theft from REAL car makers and given to Musk, the stupid electric car company has not made a profit yet. Totally a scam.

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Reply 1 - Posted by: Vesicant 5/2/2021 12:20:37 AM (No. 772952)
I simply don't understand the conservative hatred of Musk. Sure, Tesla takes money from the government. But Musk didn't write the regulations, and if he can make money off government stupidity, more power to him. (Better him than Hunter Biden.) I think it's mostly jealous conservatives stomping their petty little feet in dismay that they didn't figure out the gravy train. Do Skurkiss and Peters think that the gubberment is secretly funneling chips from a gubberment fab to Tesla or something? Why aren't they admiring Musk's entrepreneurial ability to get deal with the chip shortage? No, this whole Musk thing is just an example of the dark sleazy world of whacko conservative conspiracy theories.
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Reply 2 - Posted by: DVC 5/2/2021 2:04:26 AM (No. 772974)
I hate him stealing money from REAL automakers to subsidize his crap cars. Electrics are never going to be real cars, and they are dangerous. Those lithium batteries can explode and burn and cannot be extinguished with even almost unlimited amounts of water. Like snake oil, but under written by the corrupt SOBs in DC. I like what he does in space, selling a real product to the government, and competing with other rocket makers. But that car is a total scam.
5 people like this.

Reply 3 - Posted by: F15 Gork 5/2/2021 6:27:18 AM (No. 773006)
Electric Cars, Windmills and Solar Panels are a money laundering scam to enrich the friends of DC swamp dwellers.
9 people like this.

Reply 4 - Posted by: GO3 5/2/2021 9:06:32 AM (No. 773166)
Musk's ability to deal with the chip shortage is by having cars and chips made in China. Meanwhile, real carmakers are returning chip manufacturing to the US and suffer the burden of not only subsidizing Tesla, but have vehicles waiting in factory lots while chip manufacturing spins up. Musk is more scheming than smart, IMO.
1 person likes this.

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Posted by DVC 5/1/2021 11:39:51 PM Post Reply
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