Could a Musk Bankruptcy Bring Down The Bull Market?
When even the New York Post is calling Musk a fraud, how much longer can he keep getting refinanced? Will the government, having subsidized to the tune of $5 billion, try to bail him out again? And if they try, will they succeed?
(From The New York Post)
One disastrous tweet has finally revealed Elon Musk for what he is: a fraud.
Enraged that a British cave diver called his idea to rescue the Thai soccer team for what it was — “a p.r. stunt [with] absolutely no chance of working” — Musk took to Twitter and called him a “pedo.”
Just like that, Tesla’s market value plummeted by $2 billion…
…Tesla was founded in 2003, but the world’s largest automakers quickly surpassed Musk’s vision for electric vehicles. Tesla will never catch up. Shareholders are finally catching on.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2018/07/could-a-musk-bankruptcy-bring-down-the-bull-market/
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