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Was self funding ever part of the plan? One can take it for granted that the company has to survive economically for the plan to work, but besides that why say
by codeulike 10y ago
Was self funding ever part of the plan? One can take it for granted that the company has to survive economically for the plan to work, but besides that why say the plan must be funded in a particular way?
- shasheene 10y agoYes, self-funding was a definitely the core part of the plan. Here's the original "master plan" text from 2006 [1] Build sports car Use that money to build an affordable car Use *that* money to build an even more affordable car While doing above, also provide zero emission electric power generation options Don't tell anyone. I think the term "that money" ('that' is italicized in the original) is pretty clear he means funding from the profits of the prior models. (Elon Musk has definitely articulated the funding thing in interviews.) Also, the summary Elon Musk has just posted continues using the same italicized emphasis: Create a low volume car, which would necessarily be expensive Use that money to develop a medium volume car at a lower price Use *that* money to create an affordable, high volume car [1] https://www.tesla.com/blog/secret-tesla-motors-master-plan-just-between-you-and-me https://www.tesla.com/blog/secret-tesla-motors-master-plan-j...
- codeulike 10y agoOK, but swap 'investment' for money and it still makes sense. Does it seem likely that someone like Elon Musk would refuse to leverage investment and insist on funding all growth and r+d from profits only? That would take decades surely?