Interesting thought to myself as I review another fictional work titled Tesla's 10-Q. Ok, we all know Tesla's accounting practices are intended to intentionally misstate the true financial picture. Tesla is not generating profits from operations. The subsidies are
pulled forward to overstate net income with the intention of manufacturing profits. Costs are recognized when convenient, not always when incurred & most of the time not where they should be recognized. Is this wrong even fraudulent?! Hell yes it is.
Is it wrong that Elon Musk has become one of the richest men in the world from taxpayer subsidies. Hell yes even more emphatically! Yet, let's face reality . Musk is bullet proof & untouchable. Life isn't fair.
Do you think for one moment this administration is going to go after green energy's darling fraudster who employs tens of thousands when our President has put his re-election hopes on two things, jobs & our stock market?
If Tesla's bubble bursts, say goodbye to ridiculous valuations for , , , , & on & on. Pretty much 1/2 of the S&P & a nice chunk of the Nasdaq. Does it piss me off? Yep, but I realize we are all minnows swimming in a pond of big arse sharks. The biggest shark
happens to be sitting in the White House & he doesn't have time for us minnows who are buzzing around him screaming "hey this is fraud, unethical, bad for investors & our markets". In fact this information might hurt the big Kahuna's chance of another four years. Buy gold, silver
whatever currency hedge you think is going to work when the Fed's ludicrous monetary policies take hold of the American Peso & we are buying bread with stacks of hundreds. Heck Tesla may even inflate to 10K like Cathie Wood claims yet when you liquidate your shares it might
be good for a solid meal at your local Waffle House. You may even be able to get one of those unsold cars & build a green energy tiny home. At least then you can have the last laugh & pat good old "Ross Gerber" on the shoulder & say "I told you so!". #fintwit
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