Musk: A Green Pattern — Moral Tyranny Sustaining the Spoilt Child

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Less than than three weeks have passed since Tesla's CEO Elon Musk announced — while stock trading was in full swing — that he was considering to take the company private, having secured the requisite funding, which turned out a blatant lie and a clumsy attempt to "to burn shorts" by sending the stock price soaring on the news. Today he has reversed the direction the company is to be taking by stating that HE had decided remaining public was the company's best option after all.

15 years after the company was created Elon Musk writes:

... we now need to show that we can be sustainably profitable.

Another remarkable statement by Musk:

We will not achieve our mission of advancing sustainable energy unless we are also financially sustainable.

Green dreams are always certain to be feasible and green apocalyptic threats will always turn out accurate — at yet another updated point in time in the future.

The advantage of sporting a green world view is that you are exempted from the critical checks ordinary human beings tend to subject themselves to. Once you put on the green cloak you are entitled to your own facts, to vague and ever updatable predictions, to the substitution of facts and science by politics and a wishful thinking of the kind that gets accepted by virtue of its moralising tone. The green-minded couch their visions as being morally so desirable that for a person not to be committed to them is to engage in obstruction plain and simple. In fact, this is probably the key psychopathological characteristic of the adepts of green mythology: to think that something is morally desirable from their point of view makes the issue true, realistic and feasible. By extension, an attitude prevails among the green believers whereby indefinite support, say in the form of subsidies, appears morally compelling beyond reasonable doubt and thus represents a natural entitlement. Normal scrutiny is replaced by faith, the proof is still in the pudding, but the pudding will be delivered under circumstances not under our control: sometime in the future, when this strategy of delaying deliverance can be conveniently resumed.  

To summarize: the company would like its investors - who are "extremely important" to Musk - to believe that within three weeks, it first had "secured funding", then hired advisors, then reviewed a potential transaction, then got a subpoena from the SEC, then carefully explored all potential avenues and then, as a group, arrived at the conclusion that it would be better off staying public.

While nobody in the investing will believe that, what matters now is what the regulators believe, and alternatively, what they decide is fraud.

As for Tesla, just days after the going private transaction, we predicted that "TSLA will be that one stock that sees class actions suits by both shorts and longs."

The shorts have already started suing, claiming Musk defrauded them via glaring market manipulation. Now it's time for the longs to join.

The source.