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From a strictly economic viewpoint, Tesla has made major inroads that threaten sales from other automakers (Ford, GM, Toyota) who were behind the curve on elect
by photochemsyn 4y ago
From a strictly economic viewpoint, Tesla has made major inroads that threaten sales from other automakers (Ford, GM, Toyota) who were behind the curve on electric vehicles. Long-term mass adoption of electric vehicles threatens the profitability of the entire oil refinery sector. Similarly, SpaceX has made major inroads against other government contractors for the space delivery sector.
So it's pretty clear why these interests would want to badmouth Musk, but this doesn't really change the viability of the fundamental business models of Tesla and SpaceX. Basically, this is an industrialist model, not a financialist model, and that's the opposite of what the likes of Warren Buffett have been into. Industrialist models are really what the USA needs, the whole neoliberal financialization game has been a disaster for most of the country.