18 ms·
Tesla sells government credits. Cars and solar panels are ancillary to that. The problem is that government issued credits like those can be sold. The Reagan
by RNCTX 5y ago
Tesla sells government credits. Cars and solar panels are ancillary to that. The problem is that government issued credits like those can be sold. The Reagan administration cursed us with Elon Musk, and that simple fix (making government issued tax credits non-transferrable) prevents future Musks.
- acdha 5y agoAgain, I'm not saying that I agree that Tesla's current valuation is prudent — only that they have a real business making things which a lot of people like. Even if you think that competition will prevent the massive upsides some investors are hoping for, the floor value from that is a lot greater than the zero for a cryptocurrency.