Oops...Tesla ends up with nothing.

I have written previously about how Tesla got a sweetheart deal from starry-eyed, naive San Jose CA politicians, and how a Chinese car company is coming to the USA with a cheap hybrid. I wrote about how their business model had some major flaws.

And now I have been vindicated. Tesla is doing a bunch of things to conserve cash, and generally do all sorts of things to stay alive. Frankly, Tesla is circling the drain, it is a corporate train wreck. A few quarters from now, the best asset they will have is their domain name, which they will end up selling to a Chinese company for a few bags of rice.