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Is this excerpt from one of Peter Thiel's lectures a cheap shot at his buddy Elon and Tesla? "Consider the automotive industry. Trying to build a car company i
by iamjdg 12y ago
Is this excerpt from one of Peter Thiel's lectures a cheap shot at his buddy Elon and Tesla?
"Consider the automotive industry. Trying to build a car company in the 19th century was a bad idea. It was too early. But it’s far too late to build a traditional car company today. Car companies—some 300 of them, a few of which are still around—were built in 20th century. The time to build a car company was the time when car technology was being created—not before, and not after."
- dragonwriter 12y agoI think not, I think the restriction "traditional" in "it's far to late to build a traditional car company today" is significant. Tesla, I think, is different because they have room to maneuver because none of the traditional car companies are willing to make an all in effort on electric (because doing so is mostly taking a risk to compete with their own established business), so the building a car company centered around new advances in electric vehicle technology that is very much not a traditional car company is still possible now.