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
The money is in all the data Tesla is collecting and their charging infrastructure - which can sell or license to insurance companies, other car makers, and self driving software companies. When we buy/drive a Tesla - we just paid to be a data collector and beta testers.