5 months ago I made a rather bold statement that the entire Elon Musk group of companies is nothing but a science meme ready to collapse — a fraud that has never made any profit and rather got shilled in subsidies and grants from "mysterious" ways from the government. Turns out Goldman Sacks latest analysis agrees. Tesla stock is about to take a dive of about 40% due to a poor model 3.
According to the grand daddy of Wall Street the third quarter Model 3 delivery miss is further evidence that Musk's words travel further than his actions. This is no news since continuous productions problems have been ongoing throughout the year even if the orders kept piling up.
So far Tesla shares shook off the bad evaluation and up 60% for this year. Nonetheless, the entire bull run was due to an empty hype with no substantial product to back it up. Common folk lined up to invest in a company that pretty much promised the future with Space X, Tesla and Solar City but so far has very little to show.
Like I explained in my first article the entire Tesla phenomenon occurred due to a scientific meme that had investors confuse science fiction with science reality and finally, science application. There is nothing novel with Tesla other than extreme advertising along with some pop-culture shilling and plenty of government subsidies. Many things can be done with unlimited free government money including the fancy model 3 gadgets. Even the fancy landing rocket (as a common project with NASA), turned out to be a similar dodgy shill as I explain in my previous article.
Innovation is a fantastic thing if it's done properly but the way Tesla is advertised resembles a massive public deception. The electric car idea has already been adopted all over the world. The way electric cars are advertised in America look as ridiculous to people in Asia as westerners advertising ice-cubes in the North Pole. Much like Apple's products the user is overbuying something that is not so revolutionary or even green. A few extra fancy additions do not excuse neither the price, nor the delay in production from a company that has had all the help in the world in order to get ahead. If any other company had this kind of government assistance I can't even begin to imagine what kind of electric cars we would all be driving today.
