May 15, 2016 Administrator 0 comments
Mercury News: The Hidden Workforce Expanding Tesla’s Factory

Overseas contractors are shipping workers from impoverished countries to American factories, where they work long hours for low wages, in apparent violation of visa and labor laws. About 140 workers from Eastern Europe, mostly from Croatia and Slovenia, built a new paint shop at Tesla’s Fremont plant, a project vital to the flagship Silicon Valley […]

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May 10, 2016 Administrator 0 comments
Detroit News: “Elon Musk, crony capitalist king”

If Elon Musk’s various projects are so fabulous, why do they all need government “help”?  Musk will tell you all about the virtues of his Tesla cars. They are sleek and speedy. This is true. But they are also very expensive (the least expensive model, the pending Model X, will reportedly start around $35K, about […]

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May 06, 2016 Administrator 0 comments
CNBC: “Cramer: Elon Musk getting away with financial murder”

Jim Cramer thinks sometimes stocks simply come down to supply and demand. When there is too much demand, a CEO can say anything and get away with financial murder. And when there isn’t enough demand, nobody likes the CEO, no matter what is said. That is exactly what Cramer sees occurring with Tesla, Apple and […]

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May 04, 2016 Administrator 0 comments
CNBC: “Tesla stock is not a buy—no matter what earnings say”

“Tesla stock soared for a few months starting in February following news that pre-orders for the electric-car maker’s Model 3, with a price tag of $35,000, were approaching 400,000 units. However, the rally has started to fade and I think the stock’s time to shine is over. The Model 3 was Tesla’s play for an […]

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May 04, 2016 Administrator 0 comments
“Elon Musk, Tesla, SolarCity, SpaceX CEO.. And Crony Capitalist King?”

If Elon Musk’s various projects are so fabulous, why do they all need government “help”? Shouldn’t Tesla — and Solar City and SpaceX — be able to stand on their merits … if they actually have merit? That is, economic merit. It is estimated that Musk’s various ventures — including his new SolarCity solar panel […]

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May 03, 2016 Administrator 0 comments
Washington Times Op-Ed: “Billionaire Elon Musk: Let the public be fleeced”

Mr. Musk is an earmark of our national decay. He has attained billionaire-celebrity status by enlisting government to pursue risk-free wealth. He is neither an Horatio Alger hero nor a Thomas Edison. Read More

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Apr 28, 2016 Administrator 0 comments
“Crony Capitalism and the Spigot of Government Subsidies”

” Creating something that people want is how one gets wealthy in a market economy. Sadly, there’s another way to get rich. It’s called cronyism, and it can make billions for the lucky businesses that get government support — whether their products are profitable or not. In the process, the taxpayers foot the bill. Taxpayer […]

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Apr 28, 2016 Administrator 0 comments
Wall Street Journal: “Elon Musk Supports His Business Empire With Unusual Financial Moves”

“SpaceX’s purchase of $90 million of SolarCity bonds from the $105 million offering in March will be used to retire the bonds SpaceX bought last year, according to Mr. Musk. He said the latest deal offered SpaceX a “decent return” on about 10% of its roughly $1 billion cash position. The financial transactions have raised […]

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Weekly Standard: “The Circus of Crony Capitalism”

“To prove just how bad things have become one doesn’t have to look past the Chairman of the Armed Service Committee, Sen. John McCain. Chairman McCain opened a recent hearing of the Armed Services Committee by expressing his concern about rocket engines. He didn’t focus on terrorism, ISIS, North Korea, or DoD spending on a […]

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“John McCain Bought and Paid for by Elon Musk”

“John McCain and Elon Musk have had a business and political relationship that has cost taxpayers billions of dollars Sen. John McCain (R-AZ) and businessman Elon Musk, creator of SpaceX, Tesla Motors, and SolarCity, have enjoyed a long and close business and political relationship that have helped support the senator while enriching Musk at taxpayer […]

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