Flash: There is, indeed, one born every minute.
So apparently Tesla managed to con convince a number of investors to part with some $226 million in their IPO.
Perhaps it's a good economic sign that enough people are willing to part with their hard-earned to support a company that has never turned a profit, probably never will turn a profit, and produces cars that are generally useless and targeted to an extremely small and whimsical niche.
It's worth noting that said IPO, heralded by the usual suspects as de-facto evidence that people want electric cars, is but a mere fraction of the $465 Million ponied up by Uncle Sam a short while ago.
As it goes, the only thing stupider than someone buying a useless item for a given sum, is a government buying one at twice the price.
posted by Mr. Lion
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14:25 hours | comments
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