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Tesla was a successful boutique car company for a number of years. I admired their products and mission, so I made a small investment in Tesla common stock. I m
by chmaynard 8y ago
Tesla was a successful boutique car company for a number of years. I admired their products and mission, so I made a small investment in Tesla common stock. I made a significant profit when I sold it last year. I was also among the first to pre-order the Model 3.
The point of the article is that Musk has bet the company on the Model 3 project and has deceived investors to raise capital. I'm appalled at his behavior, both as CEO and as a person. I decided to use the term "pyramid scheme" to characterize what Tesla has become, and I agree that it is a strong claim. Just my armchair opinion.