Debt, solar shingles and Desperate Housewives Why are some Tesla shareholders suing Elon Musk?
The Tesla chief could be forced to pay $2 billion if he loses the court case. By Ian Curran Saturday 17 Jul 2021, 7:00 AM 15 hours ago 19,945 Views 8 Comments
Musk arriving to court in Delaware this week
Image: Saquan Stimpson
Image: Saquan Stimpson
WHETHER YOU BELIEVE the hype or not, Tesla is an important company.
Listed on the NASDAQ and a member of the S&P 500, the Elon Musk-fronted electric car-maker is currently valued at over $620 billion after its share price ballooned from about $133 per share in February 2020 to around $650 at the time of writing.
Robinhood has figured out how to monetize financial nihilism
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The Costs That Matter for Investors
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The U.S. economy is at a fork in the road.
One route leads to the return of market fundamentals and sane stock valuations, at the cost of a historic market correction.
The other route leads to runaway hyperinflation that eats up the debt almost as fast as it devours the dollar’s buying power. That would likely cause the dollar to lose its hegemony as global reserve currency
and bring about a simultaneous market collapse.
Here’s where we are, and where we might be going…
How did we get here?
For the most part, through Fed interventions that suppressed interest rates for the last 13 years, creating artificial demand for U.S. IOUs in the form of bonds, and generally maintaining an “easy money” policy. (And let’s not forget the hundreds of millions of stimulus checks, unemployment extensions, fraud-riddled Payroll Protection Program and the other boondoggles associated with the pandemic lockdown.)