The latest reporting by Electrek reveals what amounts to a remarkable admission of guilt in Tesla’s fraud scheme.
Musk himself has previously said that Tesla’s stock is “worth nothing” if the company can’t solve autonomy, which attached a lot of Tesla’s valuation to autonomous driving.
Anyone with technical expertise recognizes that Tesla lags far behind industry leaders in autonomous driving, with this gap contributing to dozens of deaths. We now know the early capability claims were false, which should have shut down the program by 2018—as happened to Uber when both they and Tesla killed pedestrians yet only Uber was held accountable.
Tesla has misled the public about driverless technology from the beginning, contributing to fatalities while showing no signs of genuinely acknowledging or addressing these problems. Instead, we see innovation mainly in coverups—settling lawsuits out of court, declaring fresh starts, and intimidating investigators. The data suggests Tesla’s performance is actually declining over time because Elon Musk prioritizes money, hierarchy, and loyalty over engineering quality.
Throughout history, powerful groups have used such unfair systems to control others—similar to slavery in America or apartheid in South Africa. Since the 1700s, philosophers have argued that we can judge people’s character through clear, measurable standards based on ethical principles. However, some leaders try to manipulate these standards for their own benefit. They capture people’s attention and loyalty, steering them away from universal moral principles toward blind obedience to those in power.
Notably, Musk allows a “measure” to be invoked (like a dollar figure) when he knows it can be gamed to artificially paint legal failures into success.
Musk said the market is the ultimate scorecard for Tesla’s state of business.
That’s complete nonsense, of course.
Markets reflect perception, not performance—and perceptions can be entirely fictional. Enron serves as the canonical example of this disconnect. It’s remarkable that a CEO would fail so openly to grasp this foundational business concept. Imagine Bernie Madoff making the same claim, and the problem becomes obvious.
And then note how and why he himself contradicts a false market doctrine that he pitched.
The CEO was then asked if he was committed to staying as head of Tesla for the next five years, to which he answered ‘yes’.
But he said that he would need more shares in Tesla.
Musk claimed that it wasn’t about money but control over the company:
“I can’t be sitting there and wondering if I’m going to be tossed out. “Now let’s move on.”
See? He doesn’t let the market be the ultimate scorecard. He rejects his own blessing of the market, removes all its power, because he doesn’t want to be accountable when the market speaks.
He praises markets as the ultimate scorecard not to be doubted, then demands protection from market interference with his secret scorecard that only he defines.
At this point everyone should be able to see the puzzle pieces together, Tesla is a worthless fraud.
