3 ms·
Isn't that true of any capital expenditure? You make a model, cross your fingers, sometimes it works, sometimes it doesn't, but you make it up on the margin.
by erikpukinskis 9y ago
Isn't that true of any capital expenditure? You make a model, cross your fingers, sometimes it works, sometimes it doesn't, but you make it up on the margin.
- kristianc 9y agoI guess but I'm making the presupposition that Elon Musk is smarter than me, therefore he wouldn't have overlooked this, and am curious to know what I'm missing or what my mental model of how American cities grow and sprawl is failing to take account of.
- erikpukinskis 9y agoIt takes decades for a population center to empty. Plenty of time to recoup an investment. If he starts with low hanging fruit, like transit between deadlocked parts of LA he'll be making money. Maybe eventually he gets down into boondoggle territory, but I don't see why that should be a concern. As part of a larger fund, a few boondoggles are no problem—learning experiences.