BMW-GM-Nikola should be evaluated and valued by Wall St. as if they were fossil fuel companies because they are.
GM CEO Mary Bara on Nikola before scrutiny: its a industry leading disrupter... and GM has a shared vision or strong compatibilty with Nikola. This was what passed for due diligence. Why? Quite apparently because they know another fossil fuel tool pretending to be green when they see it. Remember Bara recently saying ICE would be thriving in the 2040s. That's not a CEO tailoring speech to an audience. That was honesty and it shows their green is a vaporware deep pander, a ploy. Remember this year when GM did a big stock buy back and closed a plant as a consequence? Her attituded was Tesla must kiss the signet ring and buy the disguarded factory. Show how utterly disconnected they are. Like saying the super truck would have Corvette level engineering like that still had any meaning. The Nicola deal was surely them seeing another Enron style gig or a other Diesel Gate time shifted tail pipe emission type ploy in hydrogen's long tail pipe scam. Their short term thinking couldn't resist it.
Imagine if we had a functional and by necessity non sponsored media that always grouped Nicola from the start as a fossil fuel company and evaluated it that way. It should have been looked at as a coal mine from the start because that was/is the essence of it in a ploy to sell grey hydrogen as green kick the can style requiring 3x the ng pollution or going dirtier than coal to in yet another futile attempt to rescue permanently stranded from the start NG junk. An honest media would have prevented the con of GM trying to promote another stupid destabilizing attempt to pitch a bunch of stupid rent seeking natural gas pollution and green house gas loading as actually green. Yes, GM is a not-made-here out souce-everything including its own future recently bankrupted stale blue chip green washer (with a future like K-Mart, Sears, and Mont Gomery Wards) but it really should be evaluated and valued as a coal mine because that is what it is in essence- its just a fossil fuel peddler, its in the obsolete pollution for profit business.
Saw an article when Nicola was crashing (still is) trying to say other electric makes including Tesla were down because of it. Tesla wasn't down. It was like saying fossil fuels are down so electric vehicles are down. Electric vehicles exist to get rid of fossil fuels including especially natural gas- not to pimp them! Its like when they try their dumb surplus green energy nonsense (when its really government funded fossil fuel surplus before there could logically be any green surplus which is self funding at this point- fossil fuels never were and never will be)or when they try to call fossil fuel companies 'energy' companies or the 'energy industry.' Right- W. was in the 'energy' business. Its worse than calling buggy makers "car" companies in the present. They always try to screw with terminology through double speak.
They aren't in the 'energy' industry they are in the rent seeking poison for profit pollutiion industry. Fossil fuels haven't been a remotely legitimate source of energy since the advent of nuclear and if we want to be more generous not in half a century. So to be accurate they are in the rent seeming corporate welfare transfer payment dependent, lobbying and sponsored media dependent pollution for fake profit industry or the "pollution industry" or the relic fossilized 'energy' industry.
Massey coal, Union Carbide, Enron, Chevron, Black Rock... its all the same in practice.
Look at the new article in Slate: Biden admin has to do something about Tesla. Hysterical, unicorns are pissed. It was funny- of course it was called Hindenburg because hydrogen is a balloon to be popped expelling a bunch of hot gas.
From well or mine to retail its all one thing, one shared ideology a shared set of risk and shared intermingled finance a shared culture right down to familes, privilege and silly tribal blood lines of inherited wealth and power. Just follow the money on it. Look at its uniform culture. If it weren't for corruption and oligarchy (the definition of corruption) we would be done with fossil fuels instantly.
Even if all of GMs vehicles were EVs it would still be doing stuff like lobbying against CARB for toxic natural gas companies and trying to lock its customers into natural gas only toll roads at greater than the 20x too much that we already pay for that garbage. If we had a functioning justice dept they would tell GM if we catch you doing anything rent seeking or intended in any part of your logistical stack to push more carbon for profit (pollution for profit) any where in the world and you have not already labled yourself officially as a pure relic on yoyr way out fossil fuel company- we will permanently revoke your license to sell products in the US- no more false advertising green washing. GM would be valued as the coal company it is and treated accordingly if weren't allowed to kick the fossil bridge fuel ponzi can with what appears to be quite obvious false advertising and misleading of its share holders or potential share holders. Nicola is a doppleganger for GM. While we're at it there is no way in hell indexes or any financial or insurance fiduciary should be allowed to put money in any fossil fuel or even chemical trash ( dow- dupont- Amway) - its all days numbered pollution for ill gotten gain 'profit' trash that at best should be run unsubsidized and run at cost or great deficit to cover past present and future externalities untill we get entities that are zero waste. Never should have let them pollute and claim transfer payment austerity inducing profit for it under dillution theories of pollution.
GM CEO Mary Bara on Nikola before scrutiny: its a industry leading disrupter... and GM has a shared vision or strong compatibilty with Nikola. This was what passed for due diligence. Why? Quite apparently because they know another fossil fuel tool pretending to be green when they see it. Remember Bara recently saying ICE would be thriving in the 2040s. That's not a CEO tailoring speech to an audience. That was honesty and it shows their green is a vaporware deep pander, a ploy. Remember this year when GM did a big stock buy back and closed a plant as a consequence? Her attituded was Tesla must kiss the signet ring and buy the disguarded factory. Show how utterly disconnected they are. Like saying the super truck would have Corvette level engineering like that still had any meaning. The Nicola deal was surely them seeing another Enron style gig or a other Diesel Gate time shifted tail pipe emission type ploy in hydrogen's long tail pipe scam. Their short term thinking couldn't resist it.
Imagine if we had a functional and by necessity non sponsored media that always grouped Nicola from the start as a fossil fuel company and evaluated it that way. It should have been looked at as a coal mine from the start because that was/is the essence of it in a ploy to sell grey hydrogen as green kick the can style requiring 3x the ng pollution or going dirtier than coal to in yet another futile attempt to rescue permanently stranded from the start NG junk. An honest media would have prevented the con of GM trying to promote another stupid destabilizing attempt to pitch a bunch of stupid rent seeking natural gas pollution and green house gas loading as actually green. Yes, GM is a not-made-here out souce-everything including its own future recently bankrupted stale blue chip green washer (with a future like K-Mart, Sears, and Mont Gomery Wards) but it really should be evaluated and valued as a coal mine because that is what it is in essence- its just a fossil fuel peddler, its in the obsolete pollution for profit business.
Saw an article when Nicola was crashing (still is) trying to say other electric makes including Tesla were down because of it. Tesla wasn't down. It was like saying fossil fuels are down so electric vehicles are down. Electric vehicles exist to get rid of fossil fuels including especially natural gas- not to pimp them! Its like when they try their dumb surplus green energy nonsense (when its really government funded fossil fuel surplus before there could logically be any green surplus which is self funding at this point- fossil fuels never were and never will be)or when they try to call fossil fuel companies 'energy' companies or the 'energy industry.' Right- W. was in the 'energy' business. Its worse than calling buggy makers "car" companies in the present. They always try to screw with terminology through double speak.
They aren't in the 'energy' industry they are in the rent seeking poison for profit pollutiion industry. Fossil fuels haven't been a remotely legitimate source of energy since the advent of nuclear and if we want to be more generous not in half a century. So to be accurate they are in the rent seeming corporate welfare transfer payment dependent, lobbying and sponsored media dependent pollution for fake profit industry or the "pollution industry" or the relic fossilized 'energy' industry.
Massey coal, Union Carbide, Enron, Chevron, Black Rock... its all the same in practice.
Look at the new article in Slate: Biden admin has to do something about Tesla. Hysterical, unicorns are pissed. It was funny- of course it was called Hindenburg because hydrogen is a balloon to be popped expelling a bunch of hot gas.
From well or mine to retail its all one thing, one shared ideology a shared set of risk and shared intermingled finance a shared culture right down to familes, privilege and silly tribal blood lines of inherited wealth and power. Just follow the money on it. Look at its uniform culture. If it weren't for corruption and oligarchy (the definition of corruption) we would be done with fossil fuels instantly.
Even if all of GMs vehicles were EVs it would still be doing stuff like lobbying against CARB for toxic natural gas companies and trying to lock its customers into natural gas only toll roads at greater than the 20x too much that we already pay for that garbage. If we had a functioning justice dept they would tell GM if we catch you doing anything rent seeking or intended in any part of your logistical stack to push more carbon for profit (pollution for profit) any where in the world and you have not already labled yourself officially as a pure relic on yoyr way out fossil fuel company- we will permanently revoke your license to sell products in the US- no more false advertising green washing. GM would be valued as the coal company it is and treated accordingly if weren't allowed to kick the fossil bridge fuel ponzi can with what appears to be quite obvious false advertising and misleading of its share holders or potential share holders. Nicola is a doppleganger for GM. While we're at it there is no way in hell indexes or any financial or insurance fiduciary should be allowed to put money in any fossil fuel or even chemical trash ( dow- dupont- Amway) - its all days numbered pollution for ill gotten gain 'profit' trash that at best should be run unsubsidized and run at cost or great deficit to cover past present and future externalities untill we get entities that are zero waste. Never should have let them pollute and claim transfer payment austerity inducing profit for it under dillution theories of pollution.