3 ms·
Well, you know, you also get an established luxury brand, a cadre of brand-loyal customers, a significant increase in the manufacturing base and tons of proprie
by glitchc 4y ago
Well, you know, you also get an established luxury brand, a cadre of brand-loyal customers, a significant increase in the manufacturing base and tons of proprietary tech. Are you telling me Mr. Musk would have bothered to create his own brand if he had enough capital to buy an existing brand to start with? The latter is a much safer strategy in bringing a car to market. He took big risks creating his own brand because he lacked the initial capital to buy one outright.
- bobthepanda 4y agoyou inherit all the politics that comes with an existing company as well. owners and CEOs are powerful but not infallible; Carlos Ghosn got thrown in jail when he got too big for his britches as CEO of Nissan (in Japan Inc.'s view, at least).
- ultrarunner 4y agoWell, technically Musk bought an ownership stake in Tesla
- deleted 4y ago[deleted]