Tuesday 4 June 2019

FUD

Telsa was not just changing the car to being electric, they were pushing the boundaries of what a car can do. The technology they've been developing if disrupting the entire automobile industry. But like other upstarts, the big boys are going to fight you.

Do you remember the story about the Tucker Corporation. Back way before I was born this company emerged after the end of World War 2, wanting to develop a new, better automobile. They were the first to add safety features as standard equipment (seat belts, padded dashboard, safety glass windshield), as well as disc brakes, 4 wheel independent suspension, fuel injection. It even had a center headlamp that turned with the front wheels so you could see what is coming as you turn.

The 1988 movie, Tucker: The Man And His Dream tells the story. You should watch it. As you can guess, the big three (GM, Ford and Chrysler) had many politicians in their pockets, and made it extremely difficult for this company to succeed. They tried to have Preston Tucker arrested on grounds of fraud. He was acquitted, but it basically ruined the company. There were 50 of the car made, but ultimately the negative press of the fraud suit made investors run away. Apparently 47 of them are still around, but go for big bucks at auction.

The same thing is happening to Tesla, except instead of suing for fraud, many in the auto industry, oil industry, and even the government are spreading what is now called FUD, which stands for Fear Uncertainty and Doubt. This pisses me off to no end, but I know this company is doing the right thing, and Elon Musk is a genius.

The financial institutions are adding to the FUD buy giving lots of false equivalencies and just downplaying the importance of these cars. They continue to outsell almost all other cars, but according to the analysts, they can't sustain this. It is all very aggravating, because I know a lot of the analysts are "shorting" the stock, betting that they will fail. I have learned over the years not to trust those that say they are the experts. Most of them have an agenda that they are working toward. I am in this for the long haul, so I can see right through the bullshit on these people. Tesla has its problems, but the goal and product are simply amazing. Since the 2012 Model S's introduction, no other car company has been able to produce a car that can match the Model S in range, performance, or charging convenience.


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