this post was submitted on 15 Nov 2023
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I thought Microsoft would never make money in the software business. All the computer nerds I knew would pirate software and pass it around, I didn't think they would sell enough to make any money. I was wrong.
Tesla cars. Making cars is a very tough competitive business. Hundreds of companies have failed, some run by very smart guys. I was surprised they ever go into production, surprised they lasted more than a year or 2, surprised they have not been overtaken by old established companies like Ford and Toyota getting into electric cars, surprised they are still in business and making a profit. I know they get criticized for quality control glitches but it is amazing they can produce a car as good as they do.
Teslas days are numbered however. Now that the old established companies are making all electric vehicles and with Elon’s erratic bahvior I dont see a bright future. Tesla was useful in establishing an Electric car market and doing the heavy lifting of converting people to electric cars and for a longtime they were the only game in town. Musk was also seen in a better light. But things have been going down hill at an accelerated pace since the Twitter acquisition. People now would much rather buy a different electric car then support Musk
Meh, they'll probably fire Musk eventually, and if they do manage to ever pull off full autonomous-driving, that will be huge.
Although yeah, in the short term, electric cars are becoming fairly common and Tesla is basically just one of many options. Considering the CEO seems to be having some kind of very public mental breakdown, I wouldn't be very confident about buying a Tesla anymore (especially considering future software updates have a huge effect on their cars).
I still think they'll be around a long time though, or at least the brand name will be.