Shepstone Management Company, Inc.
Renewables are facing a hard reality; the business models, even with big subsidies, just don’t make economic sense for consumers, government or investors.
Yesterday, the Wall Street Journal, often a fan of corporatist cronyism, had an interesting story about a SEC investigation into Elon Musk’s empire. That empire is built on the heady dreams of trendy trust-funders and other sycophants who Musk, the modern Wizard of Con, knows better than anyone how to court. He’s their “hero.”
Federal regulators are investigating whether solar-energy companies are masking how many customers they are losing, according to a person familiar with the matter.
The Securities and Exchange Commission is examining whether San Francisco-based Sunrun Inc. and Elon Musk’s San Mateo, Calif.-based SolarCity Corp. have adequately disclosed how many customers have canceled contracts after signing up for a home solar-energy system…
It is the latest in signals from those peeking around the curtain to see Musk’s business plan is little more than a sound machine intended to hawk investments in a bad business model that has served to do little more than employ Musk’s two cousins, while ripping off the State of New York.