It’s been disclosed that Oracle’s chief Larry Ellison has made a $1 billion “donation” to keep Tesla limping along.
Well, at least for once it’s not the taxpayers footing the bill.
But it is revelatory.
The 74-year-old Ellison is the ninth-richest person in the world, with an estimated net worth of more than $51 beeeelll-yon dollars. Automotive News reports that he owns three million shares through something called the the Lawrence J. Ellison Revocable Trust.
Paraphrasing Dishonest Abe: EVs are of, by and for the rich.
Not that there is anything wrong with being rich. But there is something very wrong with people worth beeeeeeeellllll-yons not grokking – or caring about – the cost imposition of their beloved electric toys on people who do not even have meeeeelll- yons to throw around on extravagant, virtue-signaling indulgences.
It is arguable that guys like Ellison – ad Musk, who is Ellison’s friend – are so rich that they are so out of touch with the problems facing the two-legged cattle (that’s us) as to be oblivious to them.
What, after all, is $40,000 or so – the cost of the more “affordable” electric cars – to a billionaire or even a millionaire? It is to them what spending $10 on a whim is to people of average means.
This may be the fundamental reason for EV Dementia – if it’s not a deliberate, malignant plot – which may very well be the case.
If not, it could just be a case of out-of-touchness.
Ellison being Exhibit A.
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