Musk is working toward the technology of the future. He is kind of the anti-Trump. In my opinion, for future generations Musk’s name will be revered; Trump’s name will be reviled.
Seriously, Apple went through all this when they brought out the iPhone. The market saw where the future would be, and Apple valuations went up like a rocket. There were tens of thousands of articles about how Apple couldn’t be worth that, the phones were just pads with a phone line, etc.
Who’s laughing at the iPhone now? Musk is following exactly the same strategy in the automotive space. Tesla factories are making all the critical Tesla parts. When Chevy wants batteries or other components, they’ll be buying them from Tesla. Just like many smart phone makers had to deal with Apple.
Could Tesla fail? Of course. But they’re on a track to become the most profitable automobile company in the world.
Musk knows what he’s doing and the future is where he looks, not the past. The way tech is advancing, in just a couple more years we may think he was behind the times. But he’ll still be richer.
superposition about 7 years ago
Why can’t Musk see the value coal-fired steam engines?
emptc12 about 7 years ago
Musk is working toward the technology of the future. He is kind of the anti-Trump. In my opinion, for future generations Musk’s name will be revered; Trump’s name will be reviled.
old1953 about 7 years ago
Seriously, Apple went through all this when they brought out the iPhone. The market saw where the future would be, and Apple valuations went up like a rocket. There were tens of thousands of articles about how Apple couldn’t be worth that, the phones were just pads with a phone line, etc.
Who’s laughing at the iPhone now? Musk is following exactly the same strategy in the automotive space. Tesla factories are making all the critical Tesla parts. When Chevy wants batteries or other components, they’ll be buying them from Tesla. Just like many smart phone makers had to deal with Apple.
Could Tesla fail? Of course. But they’re on a track to become the most profitable automobile company in the world.
Radish the wordsmith about 7 years ago
All stocks are over valued right now.
Teto85 Premium Member about 7 years ago
I took a cross country trip in my Tesla last simmer. Cali to Boston and back. NO problems and a heck of a lot of fun.
Mr. Blawt about 7 years ago
This is hype from a fossil fuel industry. the only thing wrong with renewable energy is they don’t have the lobbyists coal and oil have.
erik.vanthienen about 7 years ago
The real hype is “clean coal”. Or “MAGA”.
Dtroutma about 7 years ago
Musk knows what he’s doing and the future is where he looks, not the past. The way tech is advancing, in just a couple more years we may think he was behind the times. But he’ll still be richer.