BS.
“The media’s the most powerful entity on earth.”
- Malcolm X
And Musk’s wallet is so glad.
A fool and his money are soon parted. Tesla’s long term viability has been dealt a likely fatal blow by the Trump administration’s deep-sixing of Obama’s ridiculous mileage standards. Tesla won’t be able to continue the scam of selling zero emission credits as a crony capitalist.
Since it only took one leftist judge to zero-out “old GM’s” bondholders and sell all the assets to the United Automobile Workers Union and the Federal Government in a one bidder auction, I’m surprised that “new GM” has any capitalized market value at all. Only a fool wold invest their money with organized criminals.
Will this be the Bre-X of 2017?
Is that the same as most expensive? As I recall, GM and Tesla both benefit from considerable federal subsidies. Take that out of the equation and I think Ford is the most valuable automobile manufacturer. Ford rejected gubmint charity. My bet is on Ford ;) I hope that President Trump is paying close attention and is not hoodwinked by these charletans.
Gotta love those government subsidies. Who to vote for? Tesla, living on “green” subsidies or GM which is practically owned by the government.
Government subsidies seem to be quite helpful for some selected companies.
Tesla has overcome most of the hurdles encountered by startups that fail in the car industry. They still haven’t overcome repairs and how long they take, compared to other car companies in the same price range. Many customers have waited several months to get their cars back from the service department.
“Market Capitalization” not units sold. Wake me when they get that far.
Battery maker, not car maker. Tesla’s cars, awesome as they are, serve only as a fundraising gimmick and product demonstration.
I can “recharge” my vehicle with gasoline in 5 minutes. When e-cars have a 5 minute recharge time call me. I’ll bring my check book.
Tesla makes cars
GM makes crap
This is what stock can do. Create a phantom worth for a company that does a small fraction of what GM or other car companies build. Facebook, Twitter, Snapchat etc.
Nothing but a website and some servers but worth billions due to stock value.