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Translation: Musk admits Tesla can't build a $25K car.
by eschneider 2y ago
Translation: Musk admits Tesla can't build a $25K car.
- ggm 2y agoThis, or cannot AND doesn't want to. The man works in advertising, if this was about magic slimming butter the FDA would have stripped his licence and drummed him out of the butter factory. It just amazes me that shareholders can be sucked into a shell game of future expectations because 'leader is genius' and not wake up to find he did a rug-pull AND IT HAS NO CONSEQUENCES.
- toomuchtodo 2y agoIf I were to put myself in Elon's head, my objective would be to leverage the wealth from Tesla (he holds 13% of outstanding shares), propped up by investor enthusiasm, to accomplish my goals for as long as possible before the market realizes the goals are aspirational. Tesla is on autopilot (hah), leaving Elon to do Elon Things. That is not to say Tesla isn't going to continue to do well in vehicles and energy storage, just that there is no point in the org striving harder to scale faster when Elon can do the equivalent of "rest and vest." Why work hard when you can distort reality and achieve the same wealth game outcome?
- ggm 2y agoI am trying to imagine Andrew Carnegie saying "I have found a way to make steel for 2c per tonne, without coal, and it will be as strong as unobtanium" and the entire western shareholder class of the time sending them his money and then he says "ha ha sorry I can't so fuck you" and .. goes on being US steel and nobody gives a fuck. We call that lying.
- toomuchtodo 2y agoYou're not wrong. Based on all available evidence, it unfortunately looks like you can get away with a whole bunch of lying without consequences in the current simulation.
- ggm 2y agoSo we did call him a Robber Baron. Maybe Musk (Bezos..) is just re-enacting the gilded age?
- fargle 2y agothe consequences are you loose your money if you invest in stupid