In Musk’s mind, his failures are someone else’s fault. Like Combover Crybaby Donald Trump, someone else did it. With Trump it is usually Joe Biden getting the blame, despite him having been out of power for some months. With Musk it is The Left. As if The Left could have caused the more than 30% decline in Tesla’s share price this year. Musk is deluded.
Nonetheless, we heard earlier this week that “Musk wants to leave politics because he’s tired of ‘attacks’ from the left”. He’ll still be blaming The Left if the Tesla share price falls so far that he gets margin calls and has to either stump up some collateral sharpish, or liquidate part of his holding. He’s either deluded or paranoid. Or, most likely, a combination of the two.
But, some out there on the right might argue, Musk’s contribution must be worth seeking out because he’s been so successful. To which I say, as Brigadier General Anthony McAuliffe said in response to demands by the Wehrmacht that he surrender the city of Bastogne during the Battle of the Bulge, Nuts. Musk was ridiculously wealthy, even as a child.
Moreover, he did not stump up the full cost of his best-known investments, those in Tesla and Twitter, X, or whatever he’s calling it this week, and hence his vulnerability to a precipitous fall in share value, which would spark margin calls, a prospect with which those who have studied The Great Crash of 1929 will be familiar. Add to that his inability to listen to dissenting views.
So his conclusion is equally unsurprising: “DOGE is the biggest program failure in the history of American government”. And what of Tesla? Back to the BBC report: “On Tuesday, Tesla reported a 20% drop in car sales for the first three months of the year, compared with the same period last year, while profits fell more than 70%”. Oh dear! And there is more. Much more.
“The company warned investors that the pain could continue, declining to offer a growth forecast while saying ‘changing political sentiment’ could meaningfully hurt demand … Musk blamed the boycott of Tesla cars on people who would ‘try to attack me and the Doge team’”. Someone else did it. Nothing to do with him giving a Nazi salute. But do go on.
“Dan Coatsworth, investment analyst at AJ Bell, called expectations ‘rock-bottom’ after the company said earlier this month that the number of cars sold in the quarter had fallen 13% to the lowest level in three years … The firm faces fierce competition, Mr Coatsworth said”. He also drew this ominous conclusion: “Tesla's problems are mounting”. Not a good look.
Elon Musk’s empire is heavily dependent on US Government funding - for ventures such as SpaceX - with Tesla mired in a customer backlash to his infamous Nazi salute and tendency to smear genuine American heroes. Many have departed Twitter after he turned it into a sewer of right-wing abuse and a venue for promoting conspiracy theories. He is not a genius.
Remember Denis Thatcher: “Better to remain silent and be thought a fool, than to open one’s mouth and remove all doubt”. All Musk’s own fault.
https://www.patreon.com/Timfenton
10 comments:
Wonderful to see all those ranting righties eating each other.
Comedy of the highest order.
His following, as with Trumps (and Farage's) is so delusional now, they believe anything, and everything they say. Thus when Musk blames the nebulous 'left' for Teslas downfall, why, it must be true!
The right has created a fantasy bubble, in which reality no longer exist at all. Trumps nonsense economic policy is 'truth' and critics are just 'haters'. Musks attacks on transgender people aren't personal, just 'common sense'.
And of course, Farage isn't stoking up race hate, no, I mean heaven forfend, he and his followers just want a return to Christian values, an end to immigration and refugees banned - because Britains 'full'.
As ever with the right, it's always someone else's fault, and no, of course they aren't 'racists'...
Nicely put.
Time moves on on the other side of the pond. The beginning of a long drawn out goodbye to one of the worst generations of politicians even the Yanks have vomited up.
https://open.substack.com/pub/kenklippenstein/p/time-to-pass-the-torch?utm_source=share&utm_medium=android&r=2j9682
If present trends continue the long term effects are predictable: the world would divide into three self contained trading/political blocs - East/South, West Europe, and the Americas.
Given demographics/natural resources, West Europe would end up bottom of the pile especially remembering its horrific history of genocidal colonialism and looting.
Which is why it's necessary for West Europe to come to terms with reality. Its "traditional" resort to war and thievery is doomed no matter how long it takes. Unfortunately there is no indication lessons have been learned.
This is all very well, but what are you chaps doing for VE Day? That bunting won't put itself out you know!
PS Hope you've got the lights back on, Tim.
Where's the beef?
Trade in your health and home to help far right Weasel Streeting and Gobshites Milburn hand over the NHS to Yank-type ambulance chasing spivs. The Essex barrow boy is in a hurry because he knows his arse will be handed to him on a plate at the next election.
"Deals" and bribes are de rigeur in this minor province of Trumpania. That, and the Coalition Of The Killing. Get used to it.
Who's he talking to?
Pass.
Dear Keir,
Thanks for your help in the local elections.
Yours,
Nigel.
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