In praise of Tesla’s bankruptcy

You know everybody loves Tesla-the-company. But did you know that a whole lot of smart people hate Tesla-the-business? “From a return-on-investment-capital standpoint, Tesla is a catastrophe.” “The electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour.)” “Tesla is losing a massive amount of money with no competition, and yet massive competition is coming.”...