Eric Peters is an amazing writer. He reviews cars and offers up his opinion on the auto industry from a libertarian perspective. He’s like the Mencken of car criticism, and in a recent article he unmasks Elon Musk as just another crony addicted to handouts, and riding the electric car hype train:
“When financial analyst Toni Sacconaghi of Sanford C. Bernstein asked Tesla CEO Elon Musk about the money-losing electric car company’s capital requirements going forward (Tesla has burned through – cue Dr. Evil – one billion dollars in three of the last four quarters) Musk replied: “Boring, bonehead questions are not cool. Next?””
…”Neither man gives a damn about the damage – human or financial – imposed on others. Nor that others are made to pay for it all. They don’t even give lip service to pretending anything they do bothers them in the least. All that matters is the Great Dream – whether it’s “regime change” in some resource-rich country which hasn’t attacked us (a war crime, once upon a time) or this equally demented business of manufacturing electric cars that almost no one would freely buy absent the subsidies and mandates.”
And this nugget: “Another analyst, Joe Spak of RBC Capital Markets, had the audacity to ask Elon a question relating to the true cost of the Model 3 – production of which is also nothing close to what Elon promised, but never mind that.
“Boring. Next,” came the reply.
With good reason. Move way from that one as quickly as possible.”
Here’s some headlines to consider:
Elon Musk’s growing empire is fueled by$4.9 billion in government in government subsidies
If Tesla is worth more than GM, why are taxpayers still subsidizing it?
It looks like the state of California is bailing out Tesla
Musk is nothing more than another crony at the public trough, just one that’s unusually good at publicity stunts.
And who knows, maybe in the near future we’ll see Tesla tanks equipped with Google AI driving through Third World villages and mowing down the inhabitants.
