Tesla, the vaporware motorcar company that makes a Lotus car heavy recently dropped its IPO. People got a little crazy about it. Tesla raised a brick-ton of cash money, but then, today, shit went south.
Via Autoblog, Financial expert Michael Holland explains, “They brought this thing into a market that was not rewarding hype… The stock did get its pop, and now it’s plagued by the reality of the marketplace. The reality of the marketplace is that people aren’t paying for dreams and visions.”
The Vapors
Well, didn’t we all kind of know this was going to happen? I mean, the Volt is a car that will bring this electric car revolution around, not a 110K sports coupe with very limited range. Much like the dot com bust, investors piled in all their cash on a wing and a prayer, and now their are paying for it. Literally. They will never see their investment turn a profit.
