Quote:
Originally Posted by BWillie
Remember when Amazon didnt make any money for years and everyone said they would fail? Now Jeff Bezos is the richest person in the world.
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Yes, I remember when Amazon lost a little bit of money on each sale but made up for it with volume.
I also remember that for everyone Amazon there were hundreds of dot.com bubble companies that did in fact go bankrupt.
Facebook wasn't the only social media company. Google wasn't the only search engine. Apple wasn't the only company making music players.
Musk has done an amazing job with his space rocket company. For his car company he has created a prestigious brand and an impressive sport car.
It really remains to be seen whether he can mass produce a mid-price car in sufficient volume and reliability to make a go of it. His track record so far is very poor.
I'm curious also as to why he thought it was better to jump to a full sized electric Semi instead of doing a smaller delivery truck. Long distance trucking produces all sorts of headaches regarding range and re-charging. An urban delivery truck that spends a lot of time loading/unloading and stuck in slow moving traffic wouldn't need near the same range and always returns to the same location at night for charging.