Thom Hartmann: The War on Tesla

[thomhartmann]

Derek Khanna, Columnist / Yale Law Fellow joins Thom Hartmann. Encouraging innovation and supporting job growth are essential to rebuilding our economy - but apparently New Jersey doesn't agree. Why did that state ban an electric car company from doing business - and what does that say about the so-called free market?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[BlueStreak]

1. I certainly agree with breaking up the dealership cartel, but Tesla isn't exactly a shinig example

of free enterprise. This is a company that is all about sucking up government money and its CEO should be investigated for securities fraud. He pumped up his stock by 25% with a hype-filled charade of a proposal for a battery factory that probably isn't going to even happen because he had no investors lined up. The only reason he did that, it seems, was to inflate his stock in advance of the additional round of funding he just secured in the last month.

And then, after he secured the funding, he let it be known that, golly, maybe the stock price is too high. It was around $200 in January. He drove it up to $260 right at the time of his financing, and now it has settled back to around $200 again.

Throughout most of American history that would have been a felony, but in today's world run by the banksters, we think that looks quite normal.

I am glad that somebody is pushing the car companies to move more quickly on more efficient products, but Tesla isn't exactly the picture of white knight.

[BlueStreak]

2. Here's an article that says it better than I can

http://www.forbes.com/sites/taxanalysts/2014/04/07/tesla-taxes-and-free-market-hypocrisy/