I no longer feel like a voice in the wilderness. Others are picking up on the pile of stinking excrement that is Elon Musk.
The above article was picked up by Zerohedge over the weekend. It is only a metter of time before the MSM stops fawning over Musk and turns on him like a pack of jackals.
The Ponzi Scheme is clear: conjure up and repeat utterly fantastical “visions” of the future of electric vehicles in a desperate attempt to draw in more rubes who will gleefully hand you cash money to keep your house of cards from turning to dust.
Yep, just unveil a truck that does not exist. Never mind trivia like where it would be built, how it would be financed or even how it would carry normal payloads after being saddled with the weight of multiple enormous battery packs. Then just arbitrarily toss out a number for alleged range on said non-existent vehicle. I have seen that number swell from 200 miles to 500 miles just in the past week. And of course it will be able to accept a full recharge in as little as 30 minutes from a non-existent “Megacharger”. Said charger is rumored to be powered by the sun!
And if that doesn’t generate enough buzz to bring in more desperately needed capital, just tell them the other non-existent fucking thing can fly:
It’s a bird! It’s a plane! It’s a FLYING TESLA!
“There is a sucker born every minute”, said P.T. Barnum. Now THAT man was a visionary.
The collapse of this monstrosity is going to make Solyndra look tame. I understand Disney ($DIS) has placed the first order for ten trucks. As soon as I publish this blog entry I am logging into eTrade and selling my $DIS shares. I refuse to invest in companies run by fools.
And what better way to ensure that the government will continue to shovel cash into your gaping maw than to diss Donald Trump by publically resigning from his Technology Council? I see this as Trump’s reaction the next time Tesla comes begging, hat in hand:
“And then has asked for another $10 billion to cover 2nd-Q interest!”
I understand Musk’s next Big Thing is to colonize the planet Mars. I recommend we send Musk, Gov. Jerry “Moonbeam” Brown and the entire board of Walt Disney Corp as the first inhabitants. There should be plenty of solar energy available to power Mars Station Musk, thereby eliminating the need for a capital infusion. Godspeed, lads.
“Anyplace you can think of, you could be” -Paul Kantner, 1970If you enjoy the content at iBankCoin, please follow us on Twitter