Part 5/9:
The Media’s Motivations: Clickbait and Profit
The speaker then explores why mainstream media fabricates and exaggerates stories about Tesla and other companies. Several reasons are offered:
Clickbait economics: Media outlets like CNBC thrive on generating clicks and views. Headlines that focus on dramatic declines or crises are more likely to attract attention than nuanced, balanced analyses.
Lack of expertise and intentional misrepresentation: Many journalists lack deep understanding of complex economic and industry-specific issues. Sometimes, they resort to sensationalism because it’s easier and more profitable than providing truthful, in-depth reporting.