Gary Anderson Blog | The Cult Of Tesla's Elon Musk | Talkmarkets
Muckraker of the Financial System

The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August.

I have ... more

The Cult Of Tesla's Elon Musk

Date: Wednesday, January 24, 2018 8:36 AM EDT

Americans want to belong. This sense of belonging is often mingled with their political and economic desires. If you worship Elon Musk and support Tesla you will become rich, or support Amazon or Apple, or if you hitch your future to Trump you will reap financial rewards.

In the short run, those scenarios are all proving to be true, some are long-term successes, and who knows how long the others will last. With the Tesla experiencing one if its self-driving cars running into a stopped firetruck on the 405 Freeway in Los Angeles, it is necessary to focus on Elon Musk. Musk appears to be using technology and a cult of himself to impact the American business world in ways rarely seen. 

I focus here on Musk because he is likely the most powerful cult leader in America, other than perhaps Donald Trump. We know Trump is aware of his cult following, having said he could shoot someone on 5th Avenue and his followers would still follow him. Cult figures have power over the minds of people. They can do and promise to do things that would normally cause people to distance themselves from other regular crackpots. 

But Elon Musk seems to be able to make outrageous statements and still retain his followers. He is revered and even lionized, even though he said twice that people should not have the power to drive their own cars. Yes, he said it twice. Musk makes some legitimate products and far out ridiculous products like vacuum tubes for high-speed travel and brain lace, discussed below. But it has been reported continually that even many of the legitimate products cost more to make than they can be sold for.

Elon Musk is a Utopian dreamer.  He sees himself as the guardian of what is best in the battle between man and machine. And he could very well be a totalitarian Utopian dreamer. At least we get some critical articles coming out now and again warning about Musk and his visions. He should, in the words of Stevie Nicks, keep his visions to himself. Musk is a con man if he thinks A1 will morph into Hal. This is silly irrational promotion of Artificial Intelligence.  But it may even be calculated to bring more money to the industry. The Vanity Fair author says it best:

1 2 3 4
View single page >> |
Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Gary Anderson 11 months ago Author's comment

Stock was halted today. Looks like Mr Musk has some explaining to do!

Gary Anderson 1 year ago Author's comment

Thank you, Barry.

Barry Hochhauser 1 year ago Member's comment

Ouch, harsh words for #ElonMusk.