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« Last post by GOO on Today at 10:24:56 AM »
Each gallon of gas has somewhere between about 28 to 50 cents of government subsidies or unique tax breaks including in it. Depends on who you want to believe as to exactly how much. Times that by the number of gallons of gas sold each year. Not peanuts. But those with money write the tax code. Anyone who has ever had to review tax returns with oil interests knows this. It’s been done in thousands of different ways, breaks here and there.
MU82: Musk as a business leader is so insane it is hard to believe that he can also be a true visionary in other respects and clouds all he has accomplished. I think of the halo bias in reverse with him.
But his recent business moves make me think he is scarred - I think it’s China producing very cheap electric cars that no one can compete with. He has turned from a visionary to a short term thinker. I do think on the AI and FSD they actually have made hugh progress over the last year. So he does have that going for him.
The Tesla plan was to once again leap frog manufacturing techniques to produce a lower priced car, once again completely reimagine how to design and build a car and factory from the ground up to use less parts, new techniques etc.
Instead they are not doing so and will use mostly current techniques, current factory lines, and current tech to build a cheaper car that won’t be as cheap as it would have been, nor as advanced, but will be easier to pull off and come to market quicker. Not taking the big swings he has in the past. He lost a lot of top people due to this move.
Cutting back in areas like charging where they could continue to dominate - allowing others to come into sites already prepped and ready to go make no long term sense, except that he is truly scarred and thinking very short term.
Musk is not investible yet he public says Buffet should invest in Tesla. Water and oil, a guy like Musk is the opposite of what Buffer looks for, of course. Apple will probably team with Rivian which will be a further blow to Tesla as they will get Apple’s tech they developed but can’t use and needed money. Companies like apple have stayed away from Musk.
I’ve gotten used to Musk being an idiot, but he has been a visionary willing to push things and leap frog. Now. It seems like he is scarred.