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> Making electric cars isn't too hard (see Tesla) I don't know, I think Tesla is a good example of how difficult it is to penetrate the car market as a new com
by eightails 6y ago
> Making electric cars isn't too hard (see Tesla)
I don't know, I think Tesla is a good example of how difficult it is to penetrate the car market as a new company. It took them nearly 20 years to get where they are today, and it's not like that was 20 years of smooth sailing. From what I've read they came close to going under multiple times. Aren't they the first major new US car company to start up and not go under since the early 20th century?
The situation for Apple is certainly different, given their size and the massive leaps in terms of EV tech compared to when Tesla started out, but let's not trivialise the complexity of the task and the inherent financial expenditure and risk.
- aaaxyz 6y agoTesla's worst year (2017) had them at -3.5B$ cash flow. Apple has 200B$ in cash reserves. With that kind of money they could afford to purchase an existing car company and sustain similar losses for a few decades.