Thank you Financials Times Alphaville for doing the work that supports what should be an obvious contention: this is ridiculous.

Whether you are talking about Tesla alone, the often phony green credentials of an “electric mobility,” the enormous competitive forces gearing up in a huge global industry with a history of poor profitability, or inane investor enthusiasm creating valuations that are truly in another language from a rational business plan, there is simply a massive hole being created in someone’s net worth or company accounts. This is a live update.

Oh, and congrats to those buying carbon offsets for their private jets derived from funds SELLING to this silliness.