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Musk was about to fund his own EV startup when he was company that had just started to do the same thing. That company had no interest from investors and was sh
by panick21_ 3y ago
Musk was about to fund his own EV startup when he was company that had just started to do the same thing. That company had no interest from investors and was shortly gone go down the shitter, literally dead in the water.
So Musk showed up, financed it himself and he brought easily the most important engineer, JB Strauble, with him.
> hype driven speculative asset like Dogecoin
Then you made a killing on shorting it? If you knew so much better then the market?
Because Tesla stock was super high when pretty much all EV stocks were incredibly high. And all companies around that industry (and others) came back down. But its also not like Tesla collapsed to some historic lows after that.
And if you look at actual Wallstreet annalists from that time period you will see that most of the valuations wasn't based on some speculative FSD stuff. It was mostly based on their production, margin and growth.
> versus gaining it from achieving sales succes on its own.
So it had nothing to do with going from a 1000 cars a year to 2 million cars a year, and while doing that having highly positive margin in an industry where (almost) nobody else makes positive margin on EV, and at the same time also continuing to grow fast?
All of those things simply happened because of hype like Dogecoin? Are you serious?