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> No all these companies in need of a bailout are suits without skin in the game. You may be replying to the wrong comment. I explained the reasoning for bailo
by close04 7y ago
> No all these companies in need of a bailout are suits without skin in the game.
You may be replying to the wrong comment. I explained the reasoning for bailouts in general. Your characterization is besides the point. I only gave Tesla as an example of investing based on future expectation of value, similar to the reasoning behind some bailouts.
I wish people would stop getting so riled up at the mere mention of Tesla, so much so that reading comprehension flies out the window.
This being said, at times Elon has also gone to great lengths to mislead the general public and the shareholders in order to pump up that value in critical moments ("funding secured", "virtually certain") or bailout family with other people's money (SolarCity). Court decisions already stand to confirm this. I guess everybody's "a suit" when it suits them.
- lowdose 7y agoI hear you and also am against the bailouts. For me personally Elon gets a pass for his reality distortion field. I think when you are trying to bring real change especially in an area where we haven't seen progress for years.