“Tesla,” according to Gordon Johnson, “is the Blackberry of electric vehicles.” And Johnson believes people are finally starting to notice. In this interview with Mike Green, the founder and CEO of GLJ Research lays out his case against Tesla and other speculative stocks, arguing that endless Federal Reserve money-printing and a lack of regulatory oversight have inflated an “everything bubble” that will end with a big collapse. Johnson notes that fundamentals and stock-picking will soon matter again because the Fed is serious about bringing down inflation. And the inevitable recession will weed out companies that shouldn’t be in business. In a fiery conversation, Green and Johnson ultimately agree on the major problems plaguing the U.S. economy and the stock market. But they disagree on how we got to this point and what’s needed to fix it. As Green notes, disagreement is part of what makes a market. And none of us really knows what’s going to happen. Recorded on July 1, 2022.