The Market Ticker - The ZERO That Dumpster Fires It All

Elon Musk needs to go to prison.

All of his fanbois in the stock market are going to lose their shirts.

Let’s face reality here — the vehicles have no future without massive government subsidies.  Nor does the company.  Both are ending.  Ontario just cut Tesla off for subsidies for electric cars, and they’re phasing out in the United States due to the volume of sales.  EV credits are what have sustained Tesla, to a large degree, and those are simply disappearing on both the consumer end and the manufacturer side.

The real scam isn’t there however.  There’s always a market for a luxury product where people will pay multiples of the utility value simply to say they have one.  That’s the “cachet” of things…….

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