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smitty242001.bsky.social • 18 hours ago

Government bailout will inevitably follow

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pdocignsvignduvkfn.bsky.social•18 hours ago

I’m not quite sure about that - tesla bankruptcy poses no systemic risk to the US economy. they are simply over-leveraged and lack fundamentals. Musk is selling “a dream” not “a car”. Once the dream is gone, all is left is an ordinary car manufacturer, and
car industry PE ratio is 10 (not 130)

smitty242001.bsky.social•17 hours ago

Couldn't agree more but his loyalty to the orange turd is why I think it will happen. No t for any other reason

daintist.bsky.social•17 hours ago

Yeah exactly, it doesn't have to make sense for them to do it anyway. These are the same folks that insist on "letting the market decide," right?

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