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If the only criteria is that you had money from a prior successful company (Paypal in Elon’s case) to create the preeminent electric car company in the world, t
by cudgy 3y ago
If the only criteria is that you had money from a prior successful company (Paypal in Elon’s case) to create the preeminent electric car company in the world, then why didn’t many thousands of other people achieve it as well? Why was there not more competition? Why did so many attempts to market electric cars fail before Tesla? The reason is that it is hard, and it takes a combination of both skill and luck to accomplish.
- peterashford 3y agoThe Tesla model S was released before Elon arived. I don't doubt that his money helped but it seems fair to question whether that equates to Musk "creat[ing] the preeminent electric car company in the world"
- beeftime 3y agoThe reason is that no one was in a position to exploit the EV credit system because it didn't exist yet. Right place, right time, only made possible by having a bunch of money and zero qualms about exploiting that program.
- peterashford 3y agoYeah. Same reason no-one is emulating Gates or Jobs right now. Their oportunity was related to their historical moment. It has passed. People will be in the right time and place for _other_ opportunities (see Zuckerberg, Bezos)
- banannaise 3y agoThe argument is that everything was already in place for it to become the preeminent electric car company in the world; Musk simply had to buy it at the right time, which he did. Now, that may be a skill in and of itself, but that's not a skill for innovation, it's a skill for timing markets.