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Originally Posted by The Soup Nazi

Neat-o column by DA KRUG yesterday:

hahahaha, been on vacation so missed that, but YES, tesla has been horribly overvalued for too long, based mostly on the musk myth. but now everybody knows the emperor has no clothes. besides that, he's been alienating his liberal customer base with insufferable profascist behavior.

cathy wood, who is a huge crypto propagandist, is also a massive musk fan. she enjoyed the height of her success during the pandemic/stimmy trade. now her ark fund (yes, it's a biblical name) has come down crashing hard. krugman is not mentioning her by name, but anyone can look up her public statements and see those "parallels" incarnate.

bill gates, btw, has been famously shorting tesla stocks. musk called him a hypocrite on climate for that. hahahahah, the fucker thinks he's the savior: "only i can fix it."

but anyway, speaking of myths, there's the myth (repeated by krugman there) that electric cars will save the world. this is utter and complete bullshit. electric car manufacturing is enormously resource intensive and it promotes/justifies more sprawl. it's greenwashing for car culture.

bicycles, on the other hand, could save the world, if we only started designing the world around them. better yet, good old walking as the first option is even better.

beyond that, the future of transportation is not batteries and home chargers, but hydrogen fuel from renewable hydrolysis.