Tesla Debt Rose Sharply, Sales Declined, Wall Street's Claim of Tesla "Value" is Merely a Fairytale (and Not Just Tesla)
Last night: MElon (MUSK, Elon) is a Trillionaire Like Penguins Are Mammals
For the record, as this sort of record tends to be obscured or suppressed (by intention) in corporate media, the official records show that Tesla's debt rose by almost 8% in just 3 months, sales of Tesla cars have fallen (around the time of this latest disclosure about debt "Tesla UK car sales drop 37% as Chinese competition heightens, SMMT data shows"), and false marketing has become the company's hallmark.
We would gladly sell land on Mars to anyone who honestly believes a company that loses money is somehow "worth" trillions in Wall Street. This is just another instance of false marketing, albeit in this case it can qualify as financial fraud. █
"OK, none of that actually happened, because those products don’t exist. There are no working Hyperloops." Paul Krugman
"Not only has the financial press ignored the consolidated financial statements, but most members of Congress and members of the general public will not read the consolidated financial statements. Documents like the consolidated financial statements are not the kind of thing you want to read before driving. If that’s not bad enough, most people cannot relate to the trillion-dollar numbers in the financial statements. Therefore, it is appropriate to translate them into terms that people will understand." -Recent article on US being insolvent