Aaron, it's time for me to be confused about the stock market again.

Max, how many times have I told you that you can't just walk up to the

J.P. Morgan Bank teller and tell them you want to put it all on rent.

Okay, so everyone agrees that E.V. electric cars are the future.

That is certainly Joe Biden's ambition.

E.V. sales have tripled in the last few years, and he's rolled out all these programs and

incentives with a goal that EVs will make up half

of all new car sales by 2030.

Right, and everyone also agrees that this is a market like pretty well dominated by

Tesla.

Yeah, Tesla is responsible for half of all electric car sales in the US.

The second rank seller Ford only has 7% of the market, so it's not even close.

And yet, Wall Street is treating Tesla like it's a house on fire.

The stock has been dropping for months, wiping out hundreds of billions of dollars in

valuation. Earlier this week, Tesla announced it was laying off 14,000 people, a tenth of the workforce, including two top executives,

and the stock has only been dropping since.

Yeah, it's lost $800 dollars in value since its peak.

Look, as I've said before, money is fake.

800 billion dollars is a made up thing.

All these valuation and stock price numbers are made up. But I have

to say when it comes to Tesla, the numbers seem especially fake. And not just this

week, but for as long as the company's been around.

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