So let’s get one thing straight. Uber is not an exciting entrepreneurial endeavor. Quite the opposite. It’s backed by three of the largest corporations in the world, all merged together to again outspend the underdog and disrupt the middle class.
by Wolf Richter • • Comments Off on Whatever You Do With A Tesla, Don’t Wrap It Around a Lamppost
The nightmare for Tesla started when a stolen S, as it crashed, split into two, with one half bursting into flames. This just isn’t supposed to happen with modern cars.
by Wolf Richter • • Comments Off on Federal Regulator Details Crazy Risk-Taking By Banks, Blames Fed
Banks are again taking the same risks that triggered the financial crisis, and they’re understating these risks. It wasn’t an edgy blogger that issued this warning but the Office of the Comptroller of the Currency. And it blamed the Fed’s monetary policy.
by Wolf Richter • • Comments Off on Tesla’s Sales Stall, Don’t Even Amount To A Rounding Error
March auto sales trickled out today. Beneath the wondrous hype about how they’d finally exceeded expectations, after they’d been perfectly awful for five of the prior six months, was a doozie. And the media, which normally fawns all over Tesla, covered it with a blackout.
by Wolf Richter • • Comments Off on Goldman Goes Bonkers Over Tesla
Wall Street once again stands out as history’s most glorious, most efficient, sophisticated, prolific “gigafactory,” to use Tesla’s newfangled term, for the production of self-serving BS. Investors beware!
by Wolf Richter • • Comments Off on The Next Tire To Drop On The US Economy
Auto sales in the US have been hopping for the last few years, and production has soared, and exuberance along with it, and there were even hopes that sales would soon be where they’d been before the crisis, before the bankruptcies, the plant closures, the bailouts.
by Wolf Richter • • Comments Off on China CLOBBERS The US In Auto Sales, Becomes GM’s Nirvana (Unless You Have To Breathe)
The air in China can get so bad that the whole world talks about it. Though the government is taking the issue seriously and is doing a million things to get the fiasco under control, it remains unclear what exactly people will breathe ten years from now.
