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He did it to divert investment into high speed trains, which have the potential to significantly reduce the number of Teslas he could hope to sell. He successf
by qsdf38100 3y ago
He did it to divert investment into high speed trains, which have the potential to significantly reduce the number of Teslas he could hope to sell.
He successfully made investors waste hundreds of millions into these hyperloop startups, which are like real life parody of high-tech scam startups.
On the other hand, one must be quite illiterate scientifically to buy into Musks grand sci-fi projects. Should only work on 5 years old. But you don’t have to believe, you just have to pretend and take these easy millions from rich but dumb VCs.
- oceanplexian 3y agoHe has the street cred to do that though. He took money to build SpaceX, and then delivered a system that can send astronauts to orbit. Unlike Jeff Bezos, Virgin Galactic or any of these other vaporware companies that promise a lot and then don't deliver.
- zizee 3y agoPhase 1 of the Californian high speed rail is/was not planned to open until 2030, and is just a 275 km long. Does that really sound like something that will slow the sales of Teslas?