Could a Musk Bankruptcy Bring Down The Bull Market?

Different times.

 

When even the New York Post is calling Musk a fraud, how much longer can he keep getting refinanced? Will the government, having subsidized to the tune of $5 billion, try to bail him out again?  And if they try, will they succeed?

(From The New York Post)

One disastrous tweet has finally revealed Elon Musk for what he is: a fraud.

Enraged that a British cave diver called his idea to rescue the Thai soccer team for what it was — “a p.r. stunt [with] absolutely no chance of working” — Musk took to Twitter and called him a “pedo.”

Just like that, Tesla’s market value plummeted by $2 billion…

…Tesla was founded in 2003, but the world’s largest automakers quickly surpassed Musk’s vision for electric vehicles. Tesla will never catch up. Shareholders are finally catching on.

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