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The Future of Electric Cars Is Brighter with Elon Musk in It
- Agustus 8y agoNope. The smart money is on Tesla bankrupting and having a fire sale. Elon made a bad decision in how they setup the assembly lines of the Model 3 requiring rework on the assembly lines processes and more importantly capital expenditures (cap-ex). He almost destroyed the firm with a single tweet, almost was tied up in costly (time and money) SEC battles, and is always one interview away from saying the wrong thing. The electric vehicle market is only viable because of the stupendous efforts Mr. Elon did in getting to this moment, however, if Tesla fails, the electric market will bear the stigma of: We tried that in 2010 and it did not work.
- adrr 8y agoHe needs to stay off twitter. It is a huge distraction. SEC should have banned him from social media to protect him and his companies from future issues including legal and pr related matters.
- rb808 8y agoSurely though one of the reasons for the success of Tesla and SpaceX is that the high profile of Musk and he's always in the press. Far fewer people know of what is going on in GM electric vehicles or NASA compared to the latest SpaceX launch or newest Tesla update. Its one of the reasons Tesla is so popular.
- doe88 8y agoI was a bit appalled by his recent behavior but I must say the good largely outweighs the bad when speaking of Elon Musk. We need more, not less, people like him who dare shaking things up and dreaming big. I really think that if EV start taking off it is mainly to his credit, he put legacy car manufacturers on notice and left them scrambling to evolve from diesel to EV.
- zwieback 8y agoCredit Musk for making a sexy high end EV, for sure. However, how big is the market for luxury EVs really, will the Model 3 be a success and can mainstream manufacturers profitably sell lower-end EVs? All those questions are still unanswered.