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Not op but I’ll give my reply anyway fwiw. $7k (x 2) at the time, reason was to help Tesla survive. Was not expecting anything else for my money in the next fe
by natch 6y ago
Not op but I’ll give my reply anyway fwiw.
$7k (x 2) at the time, reason was to help Tesla survive. Was not expecting anything else for my money in the next few years.
Nowadays Tesla’s survival seems more assured, so if I did it today, it would no longer be for that reason.
Some people pay for it thinking that it will be much more expensive later.
I question this thinking though, because once it’s possible, it will be a table stakes feature we take for granted on every car, which means it shouldn’t add a huge bump to the price. But maybe I’m thinking about it wrong.
- Zhenya 6y agoYou paid your money to help a company survive? Why not buy the stock instead?
- moralestapia 6y agoBecause stocks are owned by third parties, usually.
- natch 6y agoYes that would have been a better move, in hindsight.
- xkjkls 6y agoHow does buying the stock help the company survive?
- CarelessExpert 6y ago> $7k (x 2) at the time, reason was to help Tesla survive. Man there is something truly remarkable about Musk that he successfully convinced some people to, in effect, treat Tesla, a for-profit company, as a charity and to donate to them thousands of dollars with no expectation of anything in return. Any other company would just raise money from investors, whether those be institution or from main street via the stock or bond markets. But Tesla just sold folks a dream and they bought it, allowing Tesla to generate cashflow without Musk having to worry about pesky shareholders or dilution or even delivering a working product. I suspect that phenomenon will be studied in business school for years to come.
- natch 6y agoI did get something in return, and the car has arguably saved my life once or twice, so there’s that.
- xkjkls 6y agoYeah, Musk is the second richest man on the planet, but somehow he's also always begging for cash. Reminds me of a former massively wealth president of ours who begged donors to fund his campaign. Two peas in a pod.