Henry Rearden
@hfrearden.bsky.social
Investor. Thinker. Professional opportunist.
Got on social media trying to expose control fraud Carvana, got kicked off Twitter for trying to expose control fraud Tesla. Curiously watching unprecedented lawlessness converge with government corruption. 🧐👀🤷♂️
Got on social media trying to expose control fraud Carvana, got kicked off Twitter for trying to expose control fraud Tesla. Curiously watching unprecedented lawlessness converge with government corruption. 🧐👀🤷♂️
Pinned
Henry Rearden
@hfrearden.bsky.social
· Nov 24
Among Tesla fans, there's a lot of excitement about increased sales in China this year. Indeed, unit sales are up 38.3k thru Oct. But somehow they overlook the 65.5k unit decline in exports. Fear not, I'll keep you up to date.
$TSLA - Chinese TheranEnron?
2023 FS showed that +50% of pre-tax income is reg credits + interest income (now capitalized at ~300x)👀
Note 14 (combined w info above + knowledge that Texas and Germany are unprofitable) suggest that +75% operating “earnings” are China (exports)🤔
2023 FS showed that +50% of pre-tax income is reg credits + interest income (now capitalized at ~300x)👀
Note 14 (combined w info above + knowledge that Texas and Germany are unprofitable) suggest that +75% operating “earnings” are China (exports)🤔
$TSLA / Enron Musk - Time is a Flat Circle?
If you’re old enough to understand: corporate opportunity doctrine, financial shenanigans, accounting fraud cases, the role of options in Tulip mania, the role of banks (and politicians) in financial crises, etc.
You probably understand this message.😬🤷♂️🤦♂️
If you’re old enough to understand: corporate opportunity doctrine, financial shenanigans, accounting fraud cases, the role of options in Tulip mania, the role of banks (and politicians) in financial crises, etc.
You probably understand this message.😬🤷♂️🤦♂️
xAI should have been built inside Tesla. Tesla could have invested at at $10B valuation. Now Musk will pilfer $10B from Tesla at a $500B valuation and the baggies will be jacking it.
November 7, 2025 at 1:48 PM
$TSLA / Enron Musk - Time is a Flat Circle?
If you’re old enough to understand: corporate opportunity doctrine, financial shenanigans, accounting fraud cases, the role of options in Tulip mania, the role of banks (and politicians) in financial crises, etc.
You probably understand this message.😬🤷♂️🤦♂️
If you’re old enough to understand: corporate opportunity doctrine, financial shenanigans, accounting fraud cases, the role of options in Tulip mania, the role of banks (and politicians) in financial crises, etc.
You probably understand this message.😬🤷♂️🤦♂️
$TSLA / Morgan Stanley - Full Self TheranEnron with a side of Tulip (Options) Mania
The tail has been wagging the dog for so long, most have lost all sense of what purpose corporations, economic earnings, and capital markets serve.
If only there were signs…
The tail has been wagging the dog for so long, most have lost all sense of what purpose corporations, economic earnings, and capital markets serve.
If only there were signs…
October 17, 2025 at 12:30 PM
$TSLA / Morgan Stanley - Full Self TheranEnron with a side of Tulip (Options) Mania
The tail has been wagging the dog for so long, most have lost all sense of what purpose corporations, economic earnings, and capital markets serve.
If only there were signs…
The tail has been wagging the dog for so long, most have lost all sense of what purpose corporations, economic earnings, and capital markets serve.
If only there were signs…
October 15, 2025 at 5:44 PM
$TSLA / Elon Kreuger - The South African Flammable Car King
If we overlook the accounting shenanigans that eek out the <$1 “eps”;
And we ignore the wire fraud, tax fraud, asset tunneling, embezzlement & corporate/control fraud (like notions of a BoD or audits);
It’s just an options mania/racket🌷?
If we overlook the accounting shenanigans that eek out the <$1 “eps”;
And we ignore the wire fraud, tax fraud, asset tunneling, embezzlement & corporate/control fraud (like notions of a BoD or audits);
It’s just an options mania/racket🌷?
“.. Musk has Tesla shareholders in a Stockholm Syndrome .. Suppose they vote against him, and he leaves .. with his delusions ..
“.. Tesla would have to revert to trading closer to its fundamentals, which means slashing the stock price roughly in half ..”
@electrek.co
electrek.co/2025/09/19/e...
“.. Tesla would have to revert to trading closer to its fundamentals, which means slashing the stock price roughly in half ..”
@electrek.co
electrek.co/2025/09/19/e...
September 20, 2025 at 12:15 PM
$TSLA / Elon Kreuger - The South African Flammable Car King
If we overlook the accounting shenanigans that eek out the <$1 “eps”;
And we ignore the wire fraud, tax fraud, asset tunneling, embezzlement & corporate/control fraud (like notions of a BoD or audits);
It’s just an options mania/racket🌷?
If we overlook the accounting shenanigans that eek out the <$1 “eps”;
And we ignore the wire fraud, tax fraud, asset tunneling, embezzlement & corporate/control fraud (like notions of a BoD or audits);
It’s just an options mania/racket🌷?
$TSLA / Enron Musk - $420. Funding Secured?
There was a time where buying $1b (or $1m) by an insider did signal commitment to underlying fundamentals.
As $TSLA is a <$1 “eps” racket, these are different times.
www.wsj.com/tech/tesla-s...
There was a time where buying $1b (or $1m) by an insider did signal commitment to underlying fundamentals.
As $TSLA is a <$1 “eps” racket, these are different times.
www.wsj.com/tech/tesla-s...
Tesla Shares Rise on Elon Musk’s $1 Billion Stock Purchase
The move signals Musk’s commitment to the electric-vehicle maker as its board prepares what could be a $1 trillion pay package.
www.wsj.com
September 15, 2025 at 11:51 AM
$TSLA / Enron Musk - $420. Funding Secured?
There was a time where buying $1b (or $1m) by an insider did signal commitment to underlying fundamentals.
As $TSLA is a <$1 “eps” racket, these are different times.
www.wsj.com/tech/tesla-s...
There was a time where buying $1b (or $1m) by an insider did signal commitment to underlying fundamentals.
As $TSLA is a <$1 “eps” racket, these are different times.
www.wsj.com/tech/tesla-s...
Chicago School of Economics looking worse than CFA at this point. 😬
Trump might be as worthy a Nobel laureate as Obama 🤷♂️ but far more so than Fama?
If only there were signs…!?
Trump might be as worthy a Nobel laureate as Obama 🤷♂️ but far more so than Fama?
If only there were signs…!?
September 13, 2025 at 1:47 PM
Chicago School of Economics looking worse than CFA at this point. 😬
Trump might be as worthy a Nobel laureate as Obama 🤷♂️ but far more so than Fama?
If only there were signs…!?
Trump might be as worthy a Nobel laureate as Obama 🤷♂️ but far more so than Fama?
If only there were signs…!?
1) Obviously
2) U.S. Open is held in…NYC
3) Who is the mayor of NYC?
This headline (and event) is the equivalent of “water is wet”. Breaking news! Tune in for More at 11.
2) U.S. Open is held in…NYC
3) Who is the mayor of NYC?
This headline (and event) is the equivalent of “water is wet”. Breaking news! Tune in for More at 11.
September 8, 2025 at 12:12 AM
1) Obviously
2) U.S. Open is held in…NYC
3) Who is the mayor of NYC?
This headline (and event) is the equivalent of “water is wet”. Breaking news! Tune in for More at 11.
2) U.S. Open is held in…NYC
3) Who is the mayor of NYC?
This headline (and event) is the equivalent of “water is wet”. Breaking news! Tune in for More at 11.
😂🤔😬🤦♂️🤷♂️
September 6, 2025 at 8:52 PM
😂🤔😬🤦♂️🤷♂️
$TSLA / Enron Musk - Full Self Growing Tulips Secured
Good thing no one can read earnings statements, or follow options flows, or worry about money laundering, political bribes, tax evasion or lite treason.
So long as we’re entertained, right?
H/t @andrewrsorkin.bsky.social
on.ft.com/481Kbm0
Good thing no one can read earnings statements, or follow options flows, or worry about money laundering, political bribes, tax evasion or lite treason.
So long as we’re entertained, right?
H/t @andrewrsorkin.bsky.social
on.ft.com/481Kbm0
Tesla seeks to award Elon Musk $1tn if carmaker hits formidable targets
Billionaire would need to hit a series of market value and profit goals to earn payout
on.ft.com
September 5, 2025 at 11:50 AM
$TSLA / Enron Musk - Full Self Growing Tulips Secured
Good thing no one can read earnings statements, or follow options flows, or worry about money laundering, political bribes, tax evasion or lite treason.
So long as we’re entertained, right?
H/t @andrewrsorkin.bsky.social
on.ft.com/481Kbm0
Good thing no one can read earnings statements, or follow options flows, or worry about money laundering, political bribes, tax evasion or lite treason.
So long as we’re entertained, right?
H/t @andrewrsorkin.bsky.social
on.ft.com/481Kbm0
$TSLA / Enron Musk - A <$1 “EPS” Racketeer Controlled House of Cards & Publicly Traded Crime Scene
As renowned Musk-skeptic, Charles T Munger said: “always invert”!
As a stream of (partially fabricated, government credit produced, Chinese one-time) earnings, Tesla is “worth” $10 per share? $42.69b
As renowned Musk-skeptic, Charles T Munger said: “always invert”!
As a stream of (partially fabricated, government credit produced, Chinese one-time) earnings, Tesla is “worth” $10 per share? $42.69b
LOL. Fantasyland
Tesla Will Derive 80% of Its Value From Optimus Robot, Musk Says www.bloomberg.com/news/article...
Tesla Will Derive 80% of Its Value From Optimus Robot, Musk Says www.bloomberg.com/news/article...
Tesla Will Derive 80% of Its Value From Optimus Robot, Musk Says
Elon Musk is deemphasizing Tesla Inc.’s car business like never before in favor of humanoid robots that are still in development and a ways off from generating revenue.
www.bloomberg.com
September 3, 2025 at 12:01 PM
$TSLA / Enron Musk - A <$1 “EPS” Racketeer Controlled House of Cards & Publicly Traded Crime Scene
As renowned Musk-skeptic, Charles T Munger said: “always invert”!
As a stream of (partially fabricated, government credit produced, Chinese one-time) earnings, Tesla is “worth” $10 per share? $42.69b
As renowned Musk-skeptic, Charles T Munger said: “always invert”!
As a stream of (partially fabricated, government credit produced, Chinese one-time) earnings, Tesla is “worth” $10 per share? $42.69b
$TSLA / Enron Musk - Full Self Theranos Secured
The “earnings” may be Enron. The technology may be Theranos. But at least the deaths are also a joke to the company? 🤦♂️
Tesla Friday: “Court Should Reduce Damages to No More Than $69 Million.”
The “earnings” may be Enron. The technology may be Theranos. But at least the deaths are also a joke to the company? 🤦♂️
Tesla Friday: “Court Should Reduce Damages to No More Than $69 Million.”
New: After a Tesla driver using Autopilot plowed into a Florida couple in 2019, killing a 22-year-old woman, crucial data detailing how the wreck unfolded was missing, unable to be located for years. A hacker found it and Tesla said in court it had been on its own servers all along.
wapo.st/46dCoQI
wapo.st/46dCoQI
Tesla said it didn’t have key data in a fatal crash. Then a hacker found it.
The key evidence was presented last month to a jury, which found the company partially liable for the 2019 crash in Key Largo, Florida.
wapo.st
August 30, 2025 at 12:33 PM
$TSLA / Enron Musk - Full Self Theranos Secured
The “earnings” may be Enron. The technology may be Theranos. But at least the deaths are also a joke to the company? 🤦♂️
Tesla Friday: “Court Should Reduce Damages to No More Than $69 Million.”
The “earnings” may be Enron. The technology may be Theranos. But at least the deaths are also a joke to the company? 🤦♂️
Tesla Friday: “Court Should Reduce Damages to No More Than $69 Million.”
$DDS - 5yr Performance of an AI or Tech Stock…amid a dying industry with broken peers…
Perhaps the best alignment of a public company? Definitely a mandatory study by any investor.
Not a more deserving company of success out there. 👏
Perhaps the best alignment of a public company? Definitely a mandatory study by any investor.
Not a more deserving company of success out there. 👏
Exclusive: Big department store chains from JCPenney to Macy’s are unloading their properties as fast as they can. Dillard’s is buying real estate.
Most Department Stores Are Leaving Malls. Dillard’s Is Buying One.
The department-store chain this month purchased the Longview Mall in Texas, about two hours east of Dallas.
on.wsj.com
August 25, 2025 at 10:54 AM
$DDS - 5yr Performance of an AI or Tech Stock…amid a dying industry with broken peers…
Perhaps the best alignment of a public company? Definitely a mandatory study by any investor.
Not a more deserving company of success out there. 👏
Perhaps the best alignment of a public company? Definitely a mandatory study by any investor.
Not a more deserving company of success out there. 👏
A Republic, if you can keep it.
Fortunately, 98% of Americans don’t understand that reference. 😬
Fortunately, 98% of Americans don’t understand that reference. 😬
This is getting very bad:
*FBI raids top Trump critic's home
*Trump loyalist gins up "mortgage fraud" pretexts for DOJ probes of Schiff, Letitia James, Lisa Cook
*Bannon says ICE will monitor 2026 voting
*DHS memo vows LA operations "for years to come"
New from me:
newrepublic.com/article/1994...
*FBI raids top Trump critic's home
*Trump loyalist gins up "mortgage fraud" pretexts for DOJ probes of Schiff, Letitia James, Lisa Cook
*Bannon says ICE will monitor 2026 voting
*DHS memo vows LA operations "for years to come"
New from me:
newrepublic.com/article/1994...
Trump’s FBI Raid of John Bolton’s Home Looks Like a “Five Alarm Fire”
Thus far little is known about Friday’s law enforcement action against a top Trump critic. But we’re seeing an escalation of authoritarian power on many fronts that has grown unmistakable.
newrepublic.com
August 22, 2025 at 11:30 PM
A Republic, if you can keep it.
Fortunately, 98% of Americans don’t understand that reference. 😬
Fortunately, 98% of Americans don’t understand that reference. 😬
Sam Altman isn’t a coder. He isn’t an engineer. He’s not a scientist, physicist or even an AI authority.
He’s the most American thing imaginable…since the last Sam?
He’s the most American thing imaginable…since the last Sam?
Sam Altman said he wants to be able to think something and have ChatGPT respond to it
Sam Altman’s Brain Chip Venture Is Mulling Gene Therapy Approach
Sam Altman said he wants to be able to think something and have ChatGPT respond to it
bloom.bg
August 15, 2025 at 7:02 PM
Sam Altman isn’t a coder. He isn’t an engineer. He’s not a scientist, physicist or even an AI authority.
He’s the most American thing imaginable…since the last Sam?
He’s the most American thing imaginable…since the last Sam?
The front of the curve is coming down.
The back of the curve is going up.
That is your PSA. You can now go back to your regularly scheduled Cartoon Network entertainment.
The back of the curve is going up.
That is your PSA. You can now go back to your regularly scheduled Cartoon Network entertainment.
MORGAN STANLEY: Don’t bet on a dovish Powell at Jackson Hole.
August 15, 2025 at 11:57 AM
The front of the curve is coming down.
The back of the curve is going up.
That is your PSA. You can now go back to your regularly scheduled Cartoon Network entertainment.
The back of the curve is going up.
That is your PSA. You can now go back to your regularly scheduled Cartoon Network entertainment.
Idiocracy was aspirational vision of utopian Murika
President Trump calls on Goldman Sachs to find a new economist over the bank's stance on tariffs.
Trump Calls on Goldman to Replace Economist Over Tariff Stance
Like many economists, Jan Hatzius had predicted tariffs could cause inflation and slow economic growth.
on.wsj.com
August 12, 2025 at 5:48 PM
Idiocracy was aspirational vision of utopian Murika
$TSLA / Enron Musk - A <$1 “EPS” Racketeer Controlled House of Cards & Publicly Traded Crime Scene
Fake soothsayers, corrupt priests, snake oil salesmen & techvaengelists aren’t new; neither are major frauds.
The scale of racketeering, fraud and death (with some lite treason) from Musk & Tesla is👀
Fake soothsayers, corrupt priests, snake oil salesmen & techvaengelists aren’t new; neither are major frauds.
The scale of racketeering, fraud and death (with some lite treason) from Musk & Tesla is👀
Weeks after Elon Musk promised investors that Tesla’s Dojo supercomputer would be “spectacular” and operating at scale, Bloomberg says the project is shut down, raising sharp questions about his credibility. gizmodo.com/tesla-report...
Tesla Reportedly Shuts Down AI Project Weeks After Musk Called It “Spectacular”
Weeks after Elon Musk promised investors that Tesla’s Dojo supercomputer would be “spectacular” and operating at scale, Bloomberg says the project is shut down, raising sharp questions about his credi...
gizmodo.com
August 8, 2025 at 12:58 PM
$TSLA / Enron Musk - A <$1 “EPS” Racketeer Controlled House of Cards & Publicly Traded Crime Scene
Fake soothsayers, corrupt priests, snake oil salesmen & techvaengelists aren’t new; neither are major frauds.
The scale of racketeering, fraud and death (with some lite treason) from Musk & Tesla is👀
Fake soothsayers, corrupt priests, snake oil salesmen & techvaengelists aren’t new; neither are major frauds.
The scale of racketeering, fraud and death (with some lite treason) from Musk & Tesla is👀
Free Elizabeth Holmes?
Elon Musk Orders Tesla’s Dojo Project Wound Down; Staff Reassigned To Compute, Data Center, And Silicon Teams
August 7, 2025 at 9:31 PM
Free Elizabeth Holmes?
$TSLA / Enron Musk - Le Bezzle Secured
For anyone (lawmaker/enforcer or financial journalist/observer)searching for an example of how $30b, $85b or $850b of options/asset value can be “created” by ignoring $4b to $40b of actual liability, please see the awesome power of Techno Tulips.
For anyone (lawmaker/enforcer or financial journalist/observer)searching for an example of how $30b, $85b or $850b of options/asset value can be “created” by ignoring $4b to $40b of actual liability, please see the awesome power of Techno Tulips.
For any plaintiff's lawyers out there searching for Plaintiff's Exhibit 1 in their case against Tesla for the latest inevitable mayhem caused by "Autopilot" of "FSD":
August 4, 2025 at 4:42 PM
$TSLA / Enron Musk - Le Bezzle Secured
For anyone (lawmaker/enforcer or financial journalist/observer)searching for an example of how $30b, $85b or $850b of options/asset value can be “created” by ignoring $4b to $40b of actual liability, please see the awesome power of Techno Tulips.
For anyone (lawmaker/enforcer or financial journalist/observer)searching for an example of how $30b, $85b or $850b of options/asset value can be “created” by ignoring $4b to $40b of actual liability, please see the awesome power of Techno Tulips.
“Retaining Elon is more important than ever before,” the company said in a letter to shareholder on Monday.
A profitless, racketeer controlled meme coin whose CEO operates the largest control fraud in history and has engaged in wire, securities, tax and deadly consumer fraud.
For the mission.
A profitless, racketeer controlled meme coin whose CEO operates the largest control fraud in history and has engaged in wire, securities, tax and deadly consumer fraud.
For the mission.
Exclusive: Tesla's brand loyalty collapsed after Musk backed Trump, data shows reut.rs/45zAyt6
Exclusive: Tesla's brand loyalty collapsed after Musk backed Trump, data shows
Tesla for years had more repeat U.S. customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer, according to data from research firm S&P Global Mobility shared exclusively with Reuters.
reut.rs
August 4, 2025 at 10:58 AM
“Retaining Elon is more important than ever before,” the company said in a letter to shareholder on Monday.
A profitless, racketeer controlled meme coin whose CEO operates the largest control fraud in history and has engaged in wire, securities, tax and deadly consumer fraud.
For the mission.
A profitless, racketeer controlled meme coin whose CEO operates the largest control fraud in history and has engaged in wire, securities, tax and deadly consumer fraud.
For the mission.