With Bitcoin back over resistance at $9200 the question is whether or not it has re-entered a bull market or not. I discuss that and what cryptocurrencies are under and over-performing right now as the market recovers its footing after Q1’s devastating bear market.
Tesla’s latest earnings call will likely go down in history as the beginning of the end of the company. And good riddance. While I want to see progress in alternative energy and new solutions to transportation etc. I don’t want it if it’s going to destroy tens of billions of dollars in capital that could have been put to so much better use.
Tesla is a classic example of a company that could only come about through government subsidy and the ideological fervor of cultural Marxism as government policy. Elon Musk is not humanity’s savior from the ravages of global warming.
That’s simple nonsense.
What he is is a huckster and a fraud. And the most likely outcome for Tesla now, as I’ve been saying for nearly two years, is bankruptcy and jail time for Musk for multiple SEC violations of investor rules.
Compare his earnings call to that of Apple’s where the industry was actively rooting for Apple to fail and Tim Cook simply schooled them again as to why they are terrible at their jobs.
His unwillingness to embrace the operational excellence of his competition and learn from them is his downfall. Pride and hubris, folks. It’s an old, old story.
Roundtable on Cryptos: Has the Bull Returned?
Telsa’s Earnings Call a Nightmare:
Elon Musk: Entrepreneurial Replicant
U.S. Dollar is Rallying: Right on Schedule
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