Quote:
Originally Posted by Chief Pagan
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.
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I guess I don't think it remains to be seen, and I don't understand how he has a poor track record.
Tesla has MUCH better profit margins than traditional OEMs, aim for 25% across the board as o pad to the 5% industry standard. And production/profitability seems to literally be only a matter of time. At least, I can't think of any real hurdles to this. Really the hardest part is growing and managing your supply chain in unison.
As far as track records, I mean, hasn't he accomplished all of his goals since 2012 up until this point? I bet you'd be hard pressed to find others who have done so well.
As for going big rig first, it's all about destroying conventional solutions to destroy conventional wisdom.
If he came out with a competitor for the F150, there'd be all of this false narrative about an electric truck not getting the job done. They'd likely struggle to gain market share in multiple markets for years due to nothing more than ignorance and bias. If he destroys semis with an electric option, the news will get out, and those people spending ridiculous amounts on trucks will be forced to take notice immediately.
It's the "beat up the biggest guy in the prison yard" strategy coupled with what DaFace said.