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Wednesday, November 22, 2017

Daily Kanban: Portrait of a Con Artist...


Portrait of the Con Artist as a Stung Man



Who has Musk conned?
Once a mere over-promiser, Mr. Musk has become a con artist. Model 3 reservation holders had confidence that their deposits would reserve them a vehicle but instead of holding the deposits in escrow Tesla appears to have spent the money on general operations. His march across this Rubicon continues. Roadster Founder customers have been invited to pay full price for a vehicle less likely to arrive shortly after the 2020 Tokyo Olympics than shortly before the 2024 Paris Olympics. Tesla again does not appear to have guaranteed that the $250,000 deposits, being five times the median household income in the USA, will be set aside. Many reports have called this a stealth cash raise. If they were in error, Mr. Musk would have directed vigorous invective at them by now.
Thanks, Elon!


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