This topic is extremely pertinent to Tesla investing (before the mods ban it).
during the conference call, it was stated that Tesla has modeled several different scenarios, and believe they are financially equipped to handle all of them. I would like to believe, that they have modeled a realistic worst case scenario, where we do enter a multi year depression, have trouble stopping coronavirus, and there is a big worldwide drop in demand of automobiles of all types. In such a scenario, it could very well be wise for Tesla to slow down growth a little and conserve cash. If Elon is in the room shooting down worst case scenarios, it has a direct bearing, on all of out investments. We need Elon to have the best possible handle on the real world.
Nobody questions whether science can be questioned. This is how it advances. But when Einstein questioned Newton’s theory of gravity, he did it through having better data, solving discrepancies, putting tons of thought into it, providing a cohesive theory that explained all the facts... It’s not like he was some biologist who hazarded an opinion that Newton was wrong. The Equivalent of what Elon is doing.
1) Elon was wrong in predicting zero new U.S. cases as of two weeks ago.
2) Elon was wrong linking to the Bakersfield doctor’s reports that had the following glaring errors:
A) The population tested was not representative of the population as a whole. I.e., they were obviously more disposed to test positive because they were showing up at the clinic.
B) Infection testing does not include those recovered. I.e., serology studies with very low false positive rates are required, not infection testing.
C) Deaths lag infections by up to 4 weeks or more, so using the death rate at the time is erroneous.
The whole study and conclusion was so erroneous, Google removed the video.
3) On Joe Rogan, Elon stated that the infection fatality rate was between a factor of 10 to a factor of 100 less than epidemiologists are stating. Let’s take a conservative viewpoint of a factor of 25. Epidemiologists believe a midpoint IFR of 0.75% is reasonable. So Elon’s claiming a fatality rate of 0.03% (which is much less worrisome than flu), which leads to the conclusion that over 600% of the population of NYC has been infected.
So keeping track the score is:
Epidemiologists = 3
Elon = 0
Of course the most troubling aspect, is that Elon seems to be getting his information from conservative sources of disinformation, and falling for conspiracy theories. The EXACT same thinking that leads many to question Climate Change thinking heir opinion is just as valid a Climatologists, Oceanagraphic and Atmospheric Scientists!