When Bubbles Burst – Tesla, The Everything Cycle, & The End Of Global Warming

Sunday, March 3, 2019
By Paul Martin

by Tom Luongo,
ZeroHedge.com
Sun, 03/03/2019

As the center of the U.S. freezes this weekend, Elon Musk is trying to figure out how to save Tesla from going the way of Enron.

Religions die hard. It takes an orgy of evidence to change a person’s mind on a subject that is integral to their moral and ethical structure.

In the case of Tesla, the mania surrounding it over the past decade has been inextricably bound up with the hysteria of global warming.

For years investors ignored the obvious warning signs that Tesla would never be able to graduate from a boutique, hand-built car manufacturer and technology skunk works to a mass producer.

I’ve been very hard on Musk in the past, with good reason. But, as a guy with vision I applaud him getting Tesla off the ground and legitimizing the idea of the upscale electric car.

But it was never going to work as a mass production scheme because Musk isn’t that guy. He’s a dreamer and a schemer, not a builder. And, as I’ve said multiple times, he should have stepped down as CEO of Tesla ages ago.

A man has got to know his limitations as The Man once said.

Musk doesn’t.

People Need Religion

And this goes for the Global Warming crowd as well. There’s is a religion based around basic human hubris — that we are far more impactful on the world than we actually are and our activities need to be reined in.

This comes from worshiping the environment as a substitute for traditional religions. Marx preached organized religion is the ‘opiate of the masses’ but people need religion of some form or another to bring meaning to their lives and guide their behavior.

So if they reject Christianity, for example, they will seek out a new thing to elevate and substitute for it. I would argue that Star Wars provided that for me as a teenager and later Heisenberg’s Uncertainty Principle.

We all need a religion.

The environment is definitely one of these substitute religions. In fact, modern environmentalism has all the trappings of a classic human religion.

We have our Satan, consumerism. It is the bastard child of capitalism since this version of environment-worship is rooted in Marxism.

We have the apocalypse story, Global Warming. We will literally destroy all life on the planet turning it into Venus. It’s the rapture for Gaia worshipers.

And we have the High Priest of Technocracy who will save us from ourselves, Elon Musk. He will put a solar panel on every roof, take us to Mars while we drive around, guilt-free in our luxury Teslas.

The problem with all of it, of course, is that it was all bought with debt and government largesse, itself a consumerist fantasy created out of the opulence that capitalism provided.

And while there are plenty of reasons why electric cars can make sense, less carbon dioxide isn’t one of them. But, that’s where the billions in grants and Wall Street funny money came from.

Tesla is witches’ brew consisting of equal parts the Fed’s insane zero-bound interest rates, the elevation of global warming to religious significance by the left and cynical Wall Street profiteering.

The Fed provided the money, the government gave out the subsidies to entice the Wall Streeters and global warming provided the upscaling demand as Generation Prius gave way to the siren’s call of Musk’s consumerism.

The Rest…HERE

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