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Tesla in its current form has never had to weather an economic downturn. It will be subject to the same headwinds as any luxury manufacturer. Unlike other car c
by apo 8y ago
Tesla in its current form has never had to weather an economic downturn. It will be subject to the same headwinds as any luxury manufacturer. Unlike other car companies that sell luxury, Tesla has no economy model.
Some commenters have noted that they can easily afford the price tag. It might be time to consider the transitory nature of that situation.
Tesla is an amazing company, (because/but) it has put all its eggs in one basket.
- TazeTSchnitzel 8y agoThe last financial crisis led to the rich getting richer. They'll always have money for Teslas.
- leesec 8y agoWhat are you talking about? Tesla was founded in 2003, and did in fact have to stomach the major economic downturn in 2008. Was not a great time to be a car company, especially a small start up.
- didndkdk 8y ago2008 occurred when TSLA was insignificantly small. Most had never even heard of it, and they started selling the roadster in 2008 - by 2012 they sold 2200 cars. Point being they were small enough that a couple of investors, or Musk by himself, can support the company through the storm. If the financial crisis would hit today, Musk couldn’t keep it afloat by himself for long and would have to raise serious amounts of capital to keep a company its size. So no. Tesla, as a serious car company, has yet to live through a financial storm. Not as anything other than a niche vanity project.
- apo 8y agoExactly.