powered by subsidies and hype …

Tesla, a power system liable to collapse under the weight of subsidies:

Tesla Motors – it has NEVER made a profit, loses money on every vehicle sold, has negative earnings per share, consistently fails to meet announced deadlines, has produced under 114,000 vehicles as of the start of this quarter and yet has a market valuation that is 50% of GM (which produced about 10 million vehicles last year vs just over 50 thousand)
Political connections (and a charismatic sales engine in the form of the CEO) have led to the subsidies and hype that have created this zone of unreality.

The next recession will see a blow-up, possibly before this President is replaced. The problem is, that Tesla needs Government emissions credits to produce revenue.

Speaking of subsidies and hype, wind turbines have political connections too,

Update, more idiotic:

Windfarms Rentseeker do not hesitate to poison rare birds in Germany:

Comment

About Tom Harley

Amateur ecologist and horticulturalist and CEO of Kimberley Environmental Horticulture Inc. (Tom Harley)
This entry was posted in Climate, comedy, energy, Environment, science, technology, weather and tagged , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s