4 ms·
> as though it's some big surprise that an auto manufacturing giant is able to produce something at scale much quicker than a scrappy upstart I'm not sure I'd
by objclxt 10y ago
> as though it's some big surprise that an auto manufacturing giant is able to produce something at scale much quicker than a scrappy upstart
I'm not sure I'd call Tesla a "scrappy upstart". They're a publicly traded company with a market cap of $28B, versus GM's $47B. They employ 14,000 people. That's a lot less than GM, but it's also not an insignificant amount. At what point does one stop being a scrappy upstart, and start being a mature company?
- codeulike 10y agoTesla is truely both an upstart and a startup. They are barely 10 years old and its only in the last 3 years that they've produced more than 10,000 cars a year. Their huge market cap reflects their huge plans, not their current state.
- FireBeyond 10y ago"Barely 10" - the company was founded over 13 years ago, and Musk had been talking about it for a few years prior. It may not seem like much of a difference, but when you're trying to spin as a new arrival... Similar to the DPR / Silk Road case, where Ross's attorneys tried to paint him as "just a young kid making some silly mistakes". "Youthful indiscretion". Ross was about to turn thirty. Not the "same" thing, but how many teenagers do you know who wouldn't be offended by being called "barely 10"?
- greglindahl 10y agoA startup is a company that looks like it's rapidly going out of business. If you look at the financial press, they accuse Tesla of this situation quite frequently.