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The auto companies everywhere except Tesla are so far behind. Lived in Detroit most of my life. When discussed, the big 3's problems get brushed away irrationa
by primrosepath 9y ago
The auto companies everywhere except Tesla are so far behind.
Lived in Detroit most of my life. When discussed, the big 3's problems get brushed away irrationally.
But it's worse than the future catching up with the auto companies. I feel like the execs don't even know how to market to their customers.
Comparing Mary Barbra's unveiling of the Bolt to Elon's Model 3 was night and day. Elon had a teleprompter but he spoke like a normal guy about things he and I am interested in.
On the other hand Mary's speech was stiff and read word for word. They used early 90's cutting edge graphics in the background at one point. They talked about the history of GM which no one cares about. It felt like it was directed at share holders not customers.
A lot of ideas about how to run a car company will change. I'm not sure the big 3 will make it.
- Judgmentality 9y agoWell, the big 3 are all currently profitable, so they have that going for them. I'm not sure how Tesla is going to make it as they continue to overpromise, underdeliver, and hemorrhage money. I do agree with you though that Tesla is far better at marketing.
- greglindahl 9y agoTesla has had repeated success raising money by going to the financial markets, so, it appears that enough fools are willing to invest to sustain them until now and for a while longer.
- cinquemb 9y agoAnd the Big 3 have had big success in getting large near zero interest rate loans and liens of liquidity provided by tax payers directly and the issuance/sales of t-backs on behalf of tax payers. Financially speaking, the shenanigans of Tesla and the Big 3 aren't too dissimilar…
- slededit 9y agoFord didn't get a bailout, nor did they need the cash for clunkers assistance.
- Judgmentality 9y agoThis isn't true. Ford actually took out a bigger loan than GM. In fact, Ford still owes the government over $6 billion when the other automakers have repaid their debts. https://www.forbes.com/sites/joannmuller/2011/09/19/ford-looks-hypocritical-in-new-anti-bailout-commercial/#5dbec21a1efc https://www.forbes.com/sites/joannmuller/2011/09/19/ford-loo...
- mandeepj 9y ago> Elon had a teleprompter Elon Musk says he won't read speeches from a teleprompter [1] [1] - http://www.businessinsider.com/elon-musk-spacex-2016-4 http://www.businessinsider.com/elon-musk-spacex-2016-4