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So as a note, this whole tangent is built on my -aside- "and, amusingly, they made more money from Bitcoin than car sales". An interesting aside, that is a poin
by lostcolony 5y ago
So as a note, this whole tangent is built on my -aside- "and, amusingly, they made more money from Bitcoin than car sales". An interesting aside, that is a point both in favor and against Tesla with respect to the original post, but ultimately not that relevant with the core proposition I was making that Tesla is not like Uber, and could reasonably be argued to not be the kind of company that is kept afloat solely by VCs, to the detriment of would-be competitors, unlike Uber.
And, as you mention, emission credits are something all competitors can take advantage of. Bitcoin kind of is too, though speculative investments outside of the business the company is in strikes me as just as problematic as debt/equity funding an unprofitable company. But not the point I was trying to make. I actually was putting them in the "reliable profit" category, unlike Uber. Though if being profitable requires governmental incentives and speculation on crypto, maybe not so much.