Let's think for one second. If Enron Musk has these really profitable cars, wouldn't he keep them for himself instead of selling them away under what they're worth?
Oh right he's not motivated by money he just wants to make the world better, right.
reading this while at my dads house for christmas. when I left I went in my garage and clicked dads house, then clicked “start self driving” it back out, got out the neighborhood, on the highway, merged onto another, took an exit, drove to his neighborhood and pulled in the driveway. dad needed to get something from the gas station, we clicked the destination and clicked start self driving, it backed out the driveway and chose its own parking spot at the gas station, got back to his house in the driveway. not once today have I touched the accelerator, brake pedal, or turn signal, and I’m 2 cities away from home and have been on 3 drives. just my experience today
People keep forgetting that the vast majority of billionnaire founders, including Musk, are good at finance. Not at anything else.
And Musk and Bezos' specialities are in the field of taking government subsidies. NOT making cars. NOT rockets. NOT delivery. NOT ...
So if you believe in them, you can bet money that they'll be able to attract more subsidies in the future. But buying a car from them is a bet that they produce good cars ... and it's just moronic.
I think the lesson here is not to place financial bets based purely on idealogy. Without huge government subsidies, Musk would be bankrupt. You'd have to be blind not to see the shell game that keeps him afloat.
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[ 47.4 ms ] story [ 77.2 ms ] threadIf further evidence is required that truths need relearning daily!
Oh right he's not motivated by money he just wants to make the world better, right.
And Musk and Bezos' specialities are in the field of taking government subsidies. NOT making cars. NOT rockets. NOT delivery. NOT ...
So if you believe in them, you can bet money that they'll be able to attract more subsidies in the future. But buying a car from them is a bet that they produce good cars ... and it's just moronic.