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SpaceX should never go public, keep the decisions with the engineering-rich management there and never let Wall Street shareholders have any say on selecting le
by photochemsyn 4y ago
SpaceX should never go public, keep the decisions with the engineering-rich management there and never let Wall Street shareholders have any say on selecting leadership. From that perspective, why does their valuation even matter?
This is one of the problems at Tesla I think; they've likely held off on going into areas that are likely more financially risky but with longer-term industrial potential (electric semis in particular) because the shareholders would balk at moving capital into such production efforts.
- benj111 4y agoReally? You think Elon musk has problems attracting investors? He tweets a back of the fag packet idea about hyperloops and suddenly we have multiple companies spring up to do just that. It was only like 6(?) months ago that Tesla was more valuable than the next 3 car makers put together. If Tesla wanted money to build something they'd get it.
- panick21_ 4y ago> likely more financially risky but with longer-term industrial potential (electric semis in particular) because the shareholders would balk Electric Semis are not that risky. Tesla has been very very clear about their strategy. As long as they can turn all the batteries and chips they can get into car they will not actually make any more profit by adding more model diversity. Unlike every other car company that is promising 50 models in 2025, Tesla basically will only do so if they can. The Semi will be a big seller when it comes out. Simply put, nobody else has the batteries either to dominate the market.