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by brtkdotse
1496 days ago
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> He is one of the most brilliant men alive I wonder where this notion started. Tesla was an existing company he bought and all the heavy lifting a SpaceX was done by other people. He made some good business calls, but I’d say a lot of his success stems from being at the right place, at the right time with the right wallet. |
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There was the direct half a billion dollars in loans the government gave Tesla after the financial crisis without which it would have collapsed. But even more so, the only reason Tesla could survive financially during the 2010s was a combination of government subsidies and government green credits which essentially had the likes of GM and Ford paying Tesla to build cars (so they could offset their credits).
What I will never get over is GM/Ford being so short sighted that they were willing to pay a competitor hundreds of millions of dollars, rather than investing in coming up with an electric platform of their own.