Elon Musk was featured on 60 Minutes late last month. If you haven’t watched the story, I strongly encourage you to watch it here before going any further… It is, by far, the best story I’ve seen in 2014, and although InvestorPlace criticized it because gas engine noises were dubbed over the footage of a test drive of the Model S, I think the story is excellent for many reasons. If you don’t have the time to watch the clip now, make time to watch it at some point this week.
Because of Musk’s approach made evident in this story, I liken him to one of our founding fathers… He is from South Africa, appreciates his opportunity to live in America, and is willing to personally sacrifice for a better life for all of us. His motto seems to be that even if you are likely to fail, if there is a remote chance of succeeding, you should risk everything to try to make that something good happen. This requires suffering the consequences of failure.
It’s a breath of fresh air to free market capitalists. In line with the great risk, great reward theme only possible in a free market economy, Tesla’s stock was up almost 40% this year, but according to How Much Lower Will Tesla Stock Go? published just hours ago, “TSLA, led by wunderkind CEO Elon Musk, is down nearly 30% from its late February peak and is diving toward its 200-day moving average — a level that Tesla stock hasn’t breached since September 2012.”
More important than the stock price volatility though, Tesla recently announced it will build a $5 billion dollar battery factory with hopes to discover and make a more affordable battery. If Tesla achieves this, Tesla cars will be affordable for many Americans, making the breadth of opportunity unimaginable.
If this battery can be made, the automobile industry will be completely overhauled in due time. You and I will be able to plug into free pumps all across the country, harnessing solar energy to recharge our batteries. No more gasoline, no more dependence on foreign oil, and no more pollution.
However, amidst one of the most epic stories opening up like a long awaited bloom only possible in a free market economy, Chris Christie pulls the plug on Tesla and his political career in New Jersey. In the article Mulshine explains, “The occasion was a move by his hand-picked members on the Motor Vehicle Commission to ban the sale of Tesla electric cars in New Jersey.” The move upset everyone along the political spectrum. And no matter what Christie says, it is clear it was to protect the car dealers’ lobby.
Tomorrow we will discuss Tesla’s sales as a percentage of all car sales as well as the technical differences with Tesla’s sales model. And then I’ll show you some information that hints at a change in tune for New Jersey.
But for today, let’s talk about what is really at stake here and why Chris Christie made the worst decision of his life and more importantly, why he deserves a royal slap for this clumsy move.
Just look at the news over the last few days. In Google, once disdainful of lobbying, now a master of Washington influence, you quickly see that Google has realized legislation and policy will greatly dictate business expansion. If you read today’s Wall Street Journal article, “Google to Buy Titan Aerospace as Web Giants Battle for Air Superiority,” it is pretty obvious that if solar powered drones are sophisticated enough to provide internet connectivity in hard to reach places, it won’t be too long before they deliver FedEx packages, and we won’t need pilots in the sky. If Google is smart, they aren’t fully disclosing to the public their ultimate plans for these drones.
I delved into a research project about what Google is doing with robotics, and it is difficult to really know. I believe Google wouldn’t fully disclose plans for the drones because I worked in the software industry for about a decade before doing this publication. You never want your competitor to know what you are working on before it gets to market. New functionality is your competitive advantage, and you protect it at all costs.
Anyway, we do know Google is working on a driverless car. We don’t know when it will be finished, but it is my vote that this driverless car will hook up to the sun like Musk’s Tesla. And when we have this car, can you imagine all the lobbies that will be standing in its way? The car insurance industry would be wiped out, the gasoline industry would be wiped out, and all the car companies that can’t stay current, wiped out.
Do you see the point here? It’s the free market. This is what we signed up for when we became a free market economy, not a socialist society. The old ways of doing business get replaced by new and more innovative solutions.
So, it’s our day to choose America… Do you want a free market economy in the future? I know I do, and I look forward to driving my Tesla to a solar pump and filling up for free without polluting the environment. Any lawmaker who doesn’t understand the crucial steps necessary to uphold the free market can, in my opinion, hit the road. No pun intended.
Because last I checked, America is really sick and tired of the many forces and powers preventing us from moving forward. And it’s unfortunate that Chris Christy has shown himself to be on the wrong side of the fence on an important issue.
Once again, thank you for sending me your e-mails. I can’t respond individually, but do read and consider all of them. Send your question, comment, or complaint to email@example.com.
Definitely wrong on Tesla in NJ it opens the door for all MFGS to sell cars and kill the dealers that support the community and employee people and without the volume of dealers the customers will be hurt, break down in Atlantic City and then have to tow car to North Jersey is ridiculous. – Anonymous
Bidwell comment: Don’t miss tomorrow’s update – you’ll see why I’m not wrong.
Just as an example of why the corrupt Supreme Court decision leads to a fascist government – and, granted, corps are already too in control, but let’s say 5 million people donate $5 to their candidate and then a billionaire comes along donates $50 million to his candidate. It clearly becomes the case that money won the election, not the desire of the people. Any semblance to a democratic process is gone. Corps are not people and money is not speech.
Bidwell comment: I would argue if we had an informed citizenry, it wouldn’t matter how much money people donated to campaigns. The information necessary to make an informed decision on a candidate is free for the most part. If Americans cared to simply be informed, it wouldn’t matter how many millions were being spent on media campaigns.
Also, I recently spoke with an attorney who believed the ruling did align with the premises on which our country was founded… I agree with him, but obviously this is an issue the country is split on, and I understand your point of view.