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If you want to take Tesla as an example for how to start a brand new car company: 1) Spend 6 years at an insanely high burn rate with zero revenue for research
by revelation 14y ago
If you want to take Tesla as an example for how to start a brand new car company:
1) Spend 6 years at an insanely high burn rate with zero revenue for research and development to create a marketable car
2) Have enough brand loyalty to delay delivery to your high-earning clientele multiple times
3) Hustle Daimler into investing to do payroll at the height of the financial crisis, with Daimler themselves having no money
4) Hustle the DOE into funding your fully electric sedan while having only a taped together basic model to show for it, with your competition (Toyota) being granted billions just to refit a factory
- nijk 14y ago5) design and build and deliver a car.