4 ms·
> If you have a startup with a true value of 1B, but sell shares at a 100B valuation, this is a huge win for you and the company This stuff doesn't happen orga
by Bubble_Pop_22 4y ago
> If you have a startup with a true value of 1B, but sell shares at a 100B valuation, this is a huge win for you and the company
This stuff doesn't happen organically. It needs constant self-promotion and over-exageration of everything that the company does. And in turn such culture starts from the top. Musk is no 80s rockstar. He has no manager dragging him to do media, it's him who does media on his own volition to self-promote himself.
I could care less what's best for Musk and Tesla. I care what's best for me. In this case the consumer. Consumers are using many times per day the products and services of all the other top 50 companies in the Sp500. You look at the stats about penetration of Tesla cars and it's basically none, nobody is using them except for rich people in rich areas.
There are 1.6bn cars in the world and Teslas are some 2 millions? The backbone of the industrial economy. Not.
Koch Industries provided American consumers with way more quality of life than Musk ever will. The sane people who could care less about politics, techno-utopian hope, Mars and all the other unsubstantiated stuff that Musk sells, have no probelm admitting this simple fact.
- mancerayder 4y ago>You look at the stats about penetration of Tesla cars and it's basically none, nobody is using them except for rich people in rich areas. I'm not going to directly contradict you as I don't have data to do it (and I didn't look up the data you claimed here) but I will point out that the average new 'car' in the US is an SUV with a price of around 50K. That is more than the price of a base level Model 3. In other words they're not 'rich people cars' due to their price. A market penetration to a wealthier demographic must hinge on a different variable that correlates. Maybe interest in the environment, or technology, or geographical area, or something. I'm starting to see Tesla taxis, so it's getting somewhere.
- s1artibartfast 4y agoWho's claiming that Tesla provides the most value out of any company to the world? Basically no one. It is a profitable company though making $5 billion a quarter profit. That is no small feat