Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
I totally agree that Musk inspires many to believe in the product in the same way Steve Jobs elevated Apple and Bezos elevated Amazon. I don't take issue with balanced criticism of Musk. To be taken seriously, however, I think such criticism needs to go beyond the salacious headlines and into the merits of the actual product/service being sold.
Regarding being in the red, I recall that that was the big hit on Amazon for many years, as well. Those who are still believing in Tesla (myself included) are doing so because they see a huge future market and a company that is well positioned to take advantage of that market.
In what manner is Tesla "well-positioned" to take advantage of this huge market that does not presently exist? Do not compare what Amazon was doing, which was positive cash flow from operations in 2002 after surviving the dot-com crash, by selling other individual's products in place of manufacturing with what MUSK is trying to do create a new manufactured product market while running huge operating losses with physical production.
To date MUSK has taken financial failures by winding those losing companies into the better funded companies. Amazon was running by selling products at such low margins to eliminate any competition with themselves, but they had no risk in production of products. TESLA is a totally different financial model.