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March 5, 2024

Financials Matter

"It's Not Just About Finance"

Evil Men Don’t Understand Judgement

Let me start off by saying that I don’t think Tesla CEO, Elon Musk is an evil man.  (In April we wrote about Musk, “Is it Time to Short Tesla?”  and in August, “Nuttier Than a Squirrel Turd”).

He does, however, show all the traits of a psychopath, egomaniac, pathological liar, petulant child, bully….Hmmm!  On second thought…

Contrary to popular belief, Musk did not build Tesla from the ground up.

Tesla Motors was incorporated in July, 2003 by Martin Eberhard and Marc Tarpenning, who financed the company until the Series A round of funding.

That’s when Musk stepped in.

Since then he’s been a government crony and has been bleeding the taxpayers to the tune of over $4.9 Billion in Government subsidies (official figures as of May 2015).

Suffice it to say he’s received a lot more.

But what’s mind boggling about Musk is his arrogance towards the people (especially the SEC) who’ve been stuffing him with cash.

The SEC gave him a wrist slap on what should have been a flagrant securities fraud charge.

Anyone else would’ve gone to jail for what he did.

Part of Tesla’s settlement included the fact that Musk was to no longer TWEET his crazy rants without the board’s approval.

So, what did he do?

He taunted the SEC in a tweet calling them the “Shortseller Enrichment Committee”.

Unbelievable!

This man needs to read Proverbs 28:5.

So, what’s next for the pot smoking, whiskey drinking, in-your-face podcaster who’s been spitting in the face of most Americans?

You’ll find out in our October Newsletter.  (HERE)

“Never argue with a fool, onlookers may not be able to tell the difference.”

~Mark Twain~

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