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In a ponzi scheme, nothing is created. Uber has created a service used by millions and which tens of thousands of people make an income from. Tesla has created
by flexie 10y ago
In a ponzi scheme, nothing is created. Uber has created a service used by millions and which tens of thousands of people make an income from.
Tesla has created products that hundreds of thousands of people use, millions want, and hundreds of millions admire. Tens of thousands of people work in their factories. To many of us, their products hold a promise of a better future. SpaceX is reopening a chapter of human exploration that nation states had closed. Literally the most powerful organisation in human history, the United States, had all but given up on it. In my mind, landing a rocket is one of the most astonishing technological feats by humanity in decades. And it was done by a startup.
Now, I don't know what you spend your days doing, but I cannot compete with Musk. And I am just talking about his achievements until now, not the potential future ones.
I get that from an investor point of view, Tesla might have created little of value if it bankrupts soon. Eventually, though, all companies bankrupt or close in other ways, and so will Tesla. But the EV revolution that Tesla started will not stop. The cars are still there, the ideas have been proven. Is the comparison with ponzi schemes really a good one?
- mtreis86 10y agoEnron employed thousands - that doesn't make it less of a Ponzi scheme.