Why shares in companies like Tesla are going to zero

Note: This post was originally published on Patreon on 6 June 2018

I am using Tesla as an example here more than anything. I am not about to delve into Tesla's loss-making operations and make a case against the stock specifically. But I do want to highlight the 'bubble' that Tesla represents and what it means regarding excess consumption and investment.
Electric scooter companies worth $1 billion
A recent article at Bloomberg sparked this post. The Bloomberg piece is called, "Scooters Are Cool, But Not $1 Billion Cool" and here's the narrative I want to hone in on.
I've always had an interest in electric scooters. I started researching them in 2002, when I had to walk from the Port Authority Bus Terminal in New York at the corner of 42nd Street and 8th Avenue to my job at Lehman Brothers ...


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