This guy only fault is having real wealth as opposed to make believe wealth based on margin loans and fraud.
So naturally the press of the regime feels the need to attack him to please the great leader and propel his propaganda and a rivalry that solely exists in his head
Not to mention how every claim made by Misk is already accounted as in the bag as soon as one unit is produced.
Reality is that Gates is right, and he is just following the predictions by Vaclav Smil. By 2050 gas cars would make up no less than 75% of global cars. Similarly diesel semis will be 99.999%
Every action one takes that isn't in alignment with the truth acts as a debt against the truth. Eventually that debt has to be paid. As the debt grows, one finds themselves increasingly in hell.
Market cap of every company moves
in lockstep with the amount of quality of life that such company signs off for the American consumer.
All of them except Tesla which is a techno-utopian religion in which people can buy a stake in , therby giving hundreds of billions of dollars to the cult leader in advance for promises which will never be delivered.
Just like the church selling a spot in heaven to finance the construction of St. Peters Dome.
If you disappeared Tesla inc. overnight the number of people crying histerically because they’d think the world will come to a technological standstill without the omniscient space-Karen would vastly surpass the number of people complaining that nobody will be able to service their car.
When entities such as governments or companies try to leverage the credulity of the public and thus get in the business of selling hope for the future, that is the moment to leave as that entity is becoming a cult preying on its members
Sorry I’m not following. Tesla generates over $20 billion in revenue and $3 billion in profit per quarter. They have a dominant market share in an industry expected to grow tenfold.
I am a consumer who can clearly identify what’s a real improvement and what’s make believe political BS.
The quality of life of the American consumer is marked by revolutions.
there is a before and after Standard Oil, quality of life will never be the same as it was before.
before and after Ford
before and Microsoft
before and after Google
before and after Facebook
before and after Amazon
A car today is essentially the same as it was in 2002, the quality of life that Tesla brought to the table is essentially non existent .
If anything a 2002 dieael Benz or BMW was better refined and more durable
The only signal that Tesla brought to the attention is the pussyfication of Western society and climate change hysteria among the elites who are reasoning with timeframes which are completely at odds with regular people , who frankly speaking could care less about the temperature 120 years from now
That's because Tesla is a company that advertises itself as saving the world, curing cancer, crafting a backup plan for humanity...
Then you see the thing and it's ugly as sin outside, you get inside and it's cheap and empty with an iPad sticked there to save money on components.
The richest country on Earth can't possibly have that as their flagship car brand. China however considering where they were just 15 years ago, you look at a 2022 Geely and it feels like it's attacking the Japanese brands positioning and by the end of the decade they could take on the Germans. They will never be able to attack the Italians but Ferrari and Lamborghini are special and nobody can touch them anyway.
Just because VW has a controlling stake in Lamborghini doesn't make Wolfsburg the capital of supercar design. For a whole bunch of reasons, mostly cultural, it will always be that triangle between Florence, Milan and Turin.
Foxxcon might become big enough to buy Apple one day. Still if you were to visit the 2 HQs, and the 2 cities you'd understand where the devices are designed, regardless of the cap table and who owns who
I don't know, when I look at an R8 I can sense that it was designed in Germany, whereas if I look at a Lamborghini Aventador it's clear it was designed in Italy.
The new Corvette C8 feels like it comes from Italy as well. In fact the Corvette has been Ferrari-zed both in external design as well as engine positioning
Stylings and interior obviously differ, but R8 has long shared engines, drive trains, and chasis with Lambos. Engine is from Lambo, but I believe the drive train might be Audi-first?
> My strategy would be to eventually get a partner who could eventually "be the face of the business" but I'd still have to build it up.
If you pick this route don't ever under any circumstances raise equity. Raising equity means creating a scenario where the most skilled politician gets what they want, including total dilution of less skilled politicians.
Stick with debt + reinvesting FCF. It's an LLC anyway, a vehicle crafted to separate the personal assets from the company's assets.
It seems to me that there are mega-cycles in human history. This can be found across almost everything.
In this case the mega-cycle is: Distribution of Power vs. Autocracy
Distribution of powers was the most prevalent force in the 20th century across basically all domains.
Now Autocracy seems to be making a comeback and one of the most prevalent meme to sustain its comeback is that Distribution of Power is extremely expensive, both financially and intellectually, thus causing sub-optimal outcomes.
