Tesla’s market cap is more than $160 billion as of this writing, more than General Motors, Ford, Daimler, Fiat Chrysler combined.
Is Elon Musk a green energy con man? I think the evidence is piling up that Elon Musk is a fraud like Mark Zuckerberg – the CEO of Facebook who can’t write code. Is Elon Musk a put up job of deep state greenies? Who is the real Elon Musk, is he really this genius starting all these new companies, how does he keep getting funding even though his companies continue to lose money?
Elon Musk’s growing empire is fueled by $4.9 billion in government subsidies
“Los Angeles entrepreneur Elon Musk has built a multibillion-dollar fortune running companies that make electric cars, sell solar panels and launch rockets into space.
And he’s built those companies with the help of billions in government subsidies.
Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.
“He definitely goes where there is government money,” said Dan Dolev, an analyst at Jefferies Equity Research. “That’s a great strategy, but the government will cut you off one day.”
The figure compiled by The Times comprises a variety of government incentives, including grants, tax breaks, factory construction, discounted loans and environmental credits that Tesla can sell. It also includes tax credits and rebates to buyers of solar panels and electric cars.”
Elon Musk is an overrated con artist.
“I know reddit loves Elon Musk to the point of blindness but there are things that need to be addressed. Hyperloop won’t ever work. SpaceX won’t send a human to Mars by 2024. Full self-driving cars won’t be sold by end this year. AI won’t take over humanity. Stop believing whatever he says just because he is charismatic. Remember that his main goal is money.”
Elon Musk Is Planning for Climate Apocalypse
“Consider the most recent vehicle for Musk to have shown off: the Cybertruck. It’s directly inspired by the dystopian future of Blade Runner and claims to feature body panels that will hold up to sledgehammers and windows that will stop bullets. Those aren’t regular consumer features; they’re things you add when you’re scared of the people outside the walls of your gated community and need safe transport from its gates to your exclusive underground roads.
Elon Musk Is Planning for Climate Apocalypse
“Musk has successfully branded himself as an environmental savior, despite living a life completely out of sync with any notion of sustainability. In 2018, he flew nearly 160,000 miles in his private jet, “equal to 77 times all the carbon emissions attributed to the average American and 263 times that of the average human on the planet.” He also owns five mansions in the same Bel Air neighborhood — hardly the mark of a person who cares about his environmental footprint.”
Are electric cars worse for the environment? "Policymakers at every level have done their part to push electric vehicles by creating a tankful of subsidies. Thanks to laws signed by both George W. Bush and Barack Obama, electric-vehicle buyers can feast on federal tax credits of up to $7,500 that reduce the initial purchase cost of their vehicles. Not to be outdone, many states also dangle their own mix of goodies for electric vehicle buyers, including purchase rebates as large as $5,000, additional rebates for vehicle chargers, and free use of public charging stations—which, of course, are only “free” because they’re subsidized by ratepayers and taxpayers. Some states even give electric vehicles preferential access to carpool lanes. Then there are the electric vehicle mandates. In January, California Gov. Jerry Brown decreed that 5 million electric vehicles must be on his state’s roads by 2025, along with 250,000 charging stations. Eight other states are following California’s lead. One California lawmaker has even introduced legislation to ban all internal combustion vehicles by 2040. All of this might make sense if electric vehicles, as their supporters claim, were truly likely to reduce air pollution and tackle climate change. But are they? What I found is that widespread adoption of electric vehicles nationwide will likely increase air pollution compared with new internal combustion vehicles. You read that right: more electric cars and trucks will mean more pollution."
The Advantages of a Bicycle Lifestyle When you ride a bicycle you feel great, you become strong, you change on the inside, you change your thinking, you see the car as inefficient and unnecessary. Yes Virginia, the automobile is the great killer of Nature, animals, and those who use them because they go soft on the inside while polluting outside. RIDING A BICYCLE MAKES YOU FEEL GREAT AS YOU CONNECT WITH THE NATURAL WORLD ALL AROUND RIDING INSIDE A CAR MAKES YOU ANGRY AND WANTING TO KILL EVERYTHING ON THE OUTSIDE Bicycle efficiency is greater than you think, it’s not just about not buying fuel, you don’t have to pay insurance or register or have a license. A bike is freedom from Exxon and state. You never get parking tickets or have to drive around to find a place to park. You ride past every filling station and wonder why anyone would pay for gas.
BrianC - PDX Feb 4, 2020 at 1:56 pm
Fans of “What Will Elon Musk Lie About Next?” will not be surprised that Tesla’s announced $2.8 billion capital raise comes despite Elon Musk’s declaration that Tesla wouldn’t be raising any more capital. Savvy followers of Tesla stock and Elon Musk expected this move, because Tesla had to pay off a $920 million bond in March.
The Great CO2 Global Warming Hoax "So the meme had to be changed. The Global Warming meme was not supported by observed data, the computer models were wrong, NASA’s satellite embarrassed the D.C. liars so the meme had to be changed. GLOBAL WARMING BECAME CLIMATE CHANGE WHEN THE LIE WAS EXPOSED CLIMATE CHANGE IS ALSO A LIE BECAUSE THE IMPLIED ASSUMPTION IS THAT HUMANS ARE CHANGING THE CLIMATE WHICH IS FALSE Global Warming then became Climate Change. Lie A became Lie B. The liars don’t care, they know how propaganda works, tell the lie often enough and it becomes the new truth."
Elon Musk’s ‘Pedo Guy’ Trial Shows the Depth, Danger of His Own Mythos The big problem with this wealth-fueled Elon Musk mythos is that Elon Musk is also susceptible to its spell. Elon Musk is so very often right—look at the proof! Here is everyone saying so—that Elon Musk cannot admit it, to himself or anyone else, when he is so very obviously and egregiously wrong. That is one theory to explain why Musk has spent the last two days in a Los Angeles courtroom defending himself in a defamation case, the subject of a lawsuit after he very publicly called a man—whom he’d never met, but whom he was having a public dispute via the media—a pedophile, a baseless allegation made in a furious red mist of wounded pride that is now costing him, and us, time and money. Oh, but that’s not what Elon Musk actually said, or meant, we are now expected to believe. When Elon Musk referred to Vernon Unsworth, a British expatriate living in Thailand and an expert cave diver assisting with the rescue of a group of Thai boys stranded in the Tham Luang cave complex in the summer of 2018, as a “pedo guy”—the retort Musk managed to cook up after an exasperated Unsworth said Musk’s attempt to hijack the rescue with a cave submarine was a ludicrous PR stunt—he just meant that Unsworth was a “creepy old guy,” he tried to tell the court. Pedo means something else for South Africans (quick: name someone else from South Africa who is not Nelson Mandela), we were told. Elon Musk spent three hours in court on Tuesday trying to argue the meaning of words, attempting to convince rational human beings on a jury that the way he used a word is different than the way the rest of us would use it. This exercise, and the rest of it—actually getting to trial, rather than trying to settle, as most people caught dead to rights doing something wrong (or at least actionable) would do—came after Musk tried to dig his way out rather than admit defeat.