Tesla = Tucker?

Shares of stock in Tesla Motors are selling for more than $160. Some people think it is overvalued by at least $100 a share. Others think such high prices are appropriate because Tesla is more a tech company than an auto manufacturer.


The Tesla Model S, available over the Internet for a mere $69,500.

The Antiplanner thinks both views are correct. Tesla’s shares are overpriced because they are priced like a tech company–one that is likely to go bankrupt soon, or at least unlikely to ever make any money.

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Low-Capacity Rail for Las Vegas?

Robert Lang, a professor of urban affairs at the University of Nevada at Las Vegas, thinks Las Vegas needs a low-capacity rail line (aka light rail). As the director of something called the Lincy Institute, Lang’s job is to “draw state and federal money to the greater Las Vegas” area, and low-capacity rail is one way to do that.


An ACE Gold bus-rapid transit vehicle in Las Vegas. With fancy vehicles like these, why does Vegas need low-capacity rail? Click this Flickr photo by HerrVebah for a larger view.

Of course, that’s not the way he puts it. He claims low-capacity rail has “transformed urban development patterns in the West” by changing “housing development from water-consuming single family homes to multifamily, mixed-use projects.” I guess he thinks people in multifamily, mixed-use projects don’t drink as much water as people in single-family homes. It’s also pretty clear he hasn’t read research by the Antiplanner and faithful Antiplanner allies such as John Charles showing that low-capacity rail attracts no new development unless it is accompanied by large subsidies to developers.

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The Second-Smallest Political Quiz

The debate over American intervention in Syria has the media even more confused than usual. Republicans such as Senator John McCain, Robert Corker, and Representative John Boehner support intervention as do Democrats such as Senators Harry Reid, Robert Menendez, and Richard Durbin. Meanwhile, Republicans such as Senators Rand Paul, Marco Rubio, and Tom Cole oppose intervention, as do Democrats such as Senators Mark Udall, Joe Manchin, and Chris Murphy.

How can it be that the issue doesn’t divide along party lines, or at least on “liberal-conservative” lines? One writer goes so far as to argue that there are 22 different political views being expressed on the issue.

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DOT’s Livability Plan Ignores Real Life

The Antiplanner hasn’t yet read all of the Department of Transportation’s strategic plan yet, but I’ve read the livable communities chapter. Though heavily footnoted, it is based on numerous minor and two major fallacies.

Among the many minor fallacies, the plan blames obesity on the lack of sidewalks forcing parents to give their children rides to work instead of letting them walk. This unquestioned assumption is not supported by reality.

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