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You know, there's a possibility that it would suck if investors got itchy and pulled out of TSLA after these news. I mean, it would be very understandable, but
by lolcraft 13y ago
You know, there's a possibility that it would suck if investors got itchy and pulled out of TSLA after these news.
I mean, it would be very understandable, but from a game-theoretical point of view, there's the question of what you want to signal as an investor. If it's too costly to make mistakes, or worse, if you inadvertently signal it's fine to err given the company doesn't ever admit it publicly, then there's a variety of possible outcomes. The least worst is you end up with glorified, electrified, GM stock. The worst is, you end up with Enron. Which, incidentally, Wikipedia says was too "one of the most innovative companies" back then.
Of course, you probably already know that.
- cantankerous 13y agoTesla actually has gotten to the point of making real things. Enron at its height, was, erm, uh. Yeah. I think given what we know about Enron now it's pretty easy to draw up a direct comparison. Tesla might be doing a bit of a shell game with the pricing, but as far as comparing it to Enron, I think that's a bit overboard.
- mkhpalm 13y agoYou're insinuating that Enron did nothing? What would you do with a Model S if companies just like Enron didn't exist?
- hnriot 13y agoWell, since Enron was an oil company, and since the model S is an electric vehicle, I'd say the model s is just fine without Enron around...
- makomk 13y agoEnron were also in the business of selling and trading electricity and owned a number of large power plants. A lot of the fraud was actually in the electricity part of their business.
- cantankerous 13y agoYeah I'd venture to guess if Enron still existed it'd be MORE expensive, not less, to own a model S.
- mkhpalm 13y agoEnron was a lot of things but I wouldn't go so far as to call them an oil company.
- biot 13y agoYou're thinking of Exxon.
- drivebyacct2 13y agoSome marketing math makes Tesla as bad as Enron? o_0 I feel like I'm missing a piece of the story or something.