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Tesla is a Ponzi scheme.

Ponzi schemes don't produce anything of value, like amazing supercars that cost <$50k. (I'm biased)

By that same logic, any Y Combinator "unicorn" startup is a ponzi scheme. Overvalued, unrealistic investor expectations.

Granted, this SolarCity deal was definitely not in Tesla's best interest... having chatted with a former engineer there who left because of their dysfunction.

Most Ponzi schemes usually do produce something of value for those who cash out early enough. I'm not saying the comparison is apt though.

Do they, though? My impression was that most Ponzi schemes generate cash for early participants by paying them with cash infusions from later participants. Nothing of value is created there; it's just taking money from suckers and giving it to unethical speculators.

That's still value for the early investors.

Sure, but you're splitting hairs; that's not how the parent used the term "value".

Literally lol at calling the Model 3 a "supercar"

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