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If 2% of people who expressly indicated a preference for not buying self-driving went ahead and bought self-driving after a demo, it indicates to me that the nu
by bryanlarsen 3y ago
If 2% of people who expressly indicated a preference for not buying self-driving went ahead and bought self-driving after a demo, it indicates to me that the number in the general population is greater than 2%.
Sounds like a big market to me.
- JumpCrisscross 3y ago> the number in the general population is greater than 2% This is the 1% of the market fallacy: if we only take 1% of the market we’ll billionaires! The fraction of the population that might buy this may be significant. But that’s irrelevant. They must first buy a Tesla. For any financially-meaningful horizon, Tesla buyers are the market. If fewer than 2% buy, there isn’t a strategically-viable market.
- bryanlarsen 3y agoThe market is people buying new cars.