It will be satisfying to witness Tesla — perhaps the greatest grift ever — go the way of WorldCom and Enron.
Elon’s big grift is in trouble.
His electric vehicle (EV) operation — which allowed car manufacturers to “offset” their carbon footprints by purchasing “credits” from Elon in lieu of making EVs themselves — had been priced with the expectation that the government would make a “market” for battery powered vehicles. But Tesla’s stock just lost about 40 percent of its value.
The reason why is both ironic and delicious.
