Who would say something negative about a large, volatile asset on their company balance sheet?

Some ideas from the throne this morning.

1. Since he is a beneficiary of gov't subsidies(i'll put a blurb at the end), and since bitcoin is a direct assault on the Fed and US Banking sector did he get a phone call to cool it on crypto? Did Janet and Jerome call up boy wonder and threaten him with Gitmo LOL ?

2. Is he working on a solar powered mining server to sell to retirees in florida, and hence is creating demand for it?

3. Is he just being Elon? I mean c'mon, those Teslas all get their juice from coal plants as well.


See link below for this text.

Because other companies do not produce enough electric cars in their fleet, according to federal government regulations. Tesla booked $782 million in payments from traditional auto manufacturers in the first half of the year. Tesla reported a profit of $16 million in Q1 and $104 million in Q2 2020, meaning it would show a loss without the “regulatory credits” forcibly paid by its competitors.

Tesla’s entire business model to date has been built on government subsidies. From the $1.2 billion to build a battery plant in Reno, to the $7,500 EV car purchaser credits (now phased out for Tesla.) Without them, they’ve never been profitable.


Have to post link here. Causing the page to barf probably due to length if I use the link tool.

https://www.bankers-anonymous.com/blog/haters-guide-to-tesla/#:~:text=Tesla%20booked%20%24782%20million%20in,first%20half%20of%20the%20year.&text=Tesla's%20entire%20business%20model%20to,now%20phased%20out%20for%20Tesla.)