The bloodletting among Tesla shorts has become legendary.
Several simultaneous booms have turned to busts.
The asset class of Beautiful Machines heads south.
On Good Friday, when no one was supposed to pay attention.
From bad to worse, hammered by retail sales and inflation.
In fact, it’s not “inexplicable” at all.
“We think the industry is plateauing at some levels.”
Last time automakers tried this was in 2009!
After the credit bubble comes the credit bust.
Not quite, not yet, but it’s not good either.