TESLA again

Take a look at my post from July 2, 2020, about two years ago. I admitted that my many posts about Tesla have been wrong.

Never have been a fan of Elon Musk, but you have to admit that he has amassed an amazing string of financial and engineering successes. Now, my attitude about him might be changing as I see ultra-lib heads exploding as they contemplate their purchase of his cars and his stock as financing his takeover of Twitter (if it happens) and allowing “free speech” (OMG!).

After all, free speech is reserved for those who agree with you. That is why Twitter and Facebook blocked the accounts of the New York Post (the oldest paper in the US) on October 14, 2020, days before the election that would have exposed Joe Biden’s involvement in the antics of his son.

Turns out, that article was true. Despite the NYT saying it was not. Well, the NYT has a history of being wrong about a lot of things, like the atrocities of Stalin.

Back to Tesla stock: it is down nearly 50% from its high, and just about flat with the price when I published that blog July 2020.

I still think the embrace of Tesla by the California elite and the nation’s liberals has been an extraordinary exercise of human nature, much like the Tulip Bulb mania of the 1630’s. Nothing wrong with Tesla being more valuable than Honda, Ferrari, BMW, GM, Nikola and Nissan…combined. Tesla’s production has tripled to about 300,000 vehicles in the first quarter. Toyota made 10.6 million vehicles in the year ended March 31, 2022 (note year vs quarter) and made profits of $24.5 Billion. Meanwhile, Tesla’s ANNUAL REVENUE (Total sales!!) was $19 Billion for the year ended 2021.

Oh, well. I’m rooting for free speech. But I do wish that people would recognize the horrible economic cost of electric cars.