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Per Musk admission, Tesla was indeed at the brink of bankruptcy at the time - so that many key people leaving was most probably not 'nothing'. Tesla was 'saved'
by TheAlchemist 3y ago
Per Musk admission, Tesla was indeed at the brink of bankruptcy at the time - so that many key people leaving was most probably not 'nothing'. Tesla was 'saved' in part thanks to Covid and the ensuing chips shortage, massively inflating car prices.
Things are coming back to earth now - and so do car prices, especially EVs as the competitions is catching up. Those absurd projections that Musk keep making, are quite hard to back up.
- Tade0 3y ago> especially EVs as the competitions is catching up. I want to ask "are they though?". A while ago Tesla slashed prices by close to 10% for some models, which caused quite a stir and weird statements from their competitors, like "we won't be doing the same because we care about resale value". As it stands their offerings are roughly on par in pricing to non-premium brands offering the same(or less) features. Their only real competition in terms of pricing are Chinese brands, who have ample capital to play the race-to-the-bottom game.