Submitted by NoMoPetrol on July 31, 2019
I've had a rather depressing, eye-opening week. Since Tesla's Q2 report hit the street and one analyst declared Tesla "structurally bankrupt" (a term which, by the way, has no meaning in the study of economics), I have had several people approach me about Tesla's demise. It seems that the standard TV news outlets have really been leaning on the "record sales but still posted a loss" mantra. My brother, a recent Model 3 purchaser, even called this morning for reassurances regarding the health of Tesla and its ability to survive.
The more successful Elon gets, the more intense the FUD (also known in saltier circles as BS) becomes. At this point I know people who think Elon is 1)a flim-flam man, 2)a communist or 3)an unscrupulous cad preying on an unsuspecting public. Most of these attitudes come directly from listening to the likes of Rush Limbaugh. I wish I could say these people are a very small sample size in a very local setting, but the voices that feed these people are everywhere. It's how fake news became the only reliable source of news, and relatively moderate news sources became the new "fake news".
It has indeed been a very depressing week.