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The Stench of Green Subsidies


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#21 stocks

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Posted 25 May 2019 - 07:49 AM

The Week That Finally Burst The Tesla Stock Bubble  

 

Anyone who ever bought into Elon Musk's BS should have his head examined.  

 

The 10% drop in Tesla's stock this week leaves it down about 43% for the year, wiping out about $23 billion in shareholder value. The company's 2025 bonds also continued to get crushed, closing the week trading at about 81 cents on the dollar and sporting a nearly 9.3% yield.    https://www.zerohedg...la-stock-bubble


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Defenders of the status quo are always stronger than reformers seeking change, 
UNTIL the status quo self-destructs from its own corruption, and the reformers are free to build on its ashes.