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This sense that his whole set of companies are some kind of scam that is some fakey leveraged house of cards with fake revenue, growth, and future potential is
by Latteland 8y ago
This sense that his whole set of companies are some kind of scam that is some fakey leveraged house of cards with fake revenue, growth, and future potential is wrong, and tired. Any company can lose out long term by not innovating and growing, whether that's GM, IBM, Amazon, or Tesla. Tesla is in their innovative growth phase. And they make actual products that are years ahead of their competitors. There's no other solar roofs. Amazon was seen as a company that couldn't make a profit, but everyone can see now that it was a clever set of choices about long term vs short term.
Sure, there's plenty of things tesla could do better, like make reliable production targets, not have to kill themselves. But they do keep growing their production and sales. They make generally excellent products, their customers like them. Their stock is crazily highly valued, but at the same time their company is leading a market, crushing basically the entire automotive industry. There's no need for a conspiracy of financial chicanery to explain how they got here - smart financing, use of incentives that were available to any other company (look how much Nissan got) that were intended to grow a new market. And look, there's a new market for evs.