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Originally Posted by caseIIclosed
Being a guy who inherited wealth and bought existing companies does not grant you credit for the stuff other people did.
Agreed.
But the inverse is also true. Being a guy who inherited wealth and bought existing companies should not deny you the credit for stuff you DID do.
And Elon did a lot.
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He's just full of **** most of the time.
Agreed. I've spoken to his 'hype'.
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He is not responsible for electric cars.
True.
But he is largely responsible for the electric car revolution now taking place that will almost certainly replace the combustion engine at some point.
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All car companies are doing that.
Yes. His companies Valuation relative to theirs demanded they become serious competitors. There shareholders and Boards would have fired them had they not got in the game to win it.
Had Tesla died in its infancy before getting a high valuation there is no reason to believe anyone else would have taken this gamble to implement the full integrated model of doing what the major established car makers were not going to do and harm their existing very lucrative model. At least not in any of our lifetimes.
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They were doing that before.
Not accurate.
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They were going to do that with or without musk.
Really not accurate.
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He just conned a bunch of people like you into thinking he was responsible for it.
The biggest obstacle here was the mass amounts of Capital needed to get this to a momentum point. It was not the tech.
There was no incentive for the major brands to push it as the R&D cost is massive (as we currently see) and it leads to no more care sales in total, and without the gov't rebates, it made vehicles too expensive.
this was a pure Risk Capital play where the entrepreneurs who took it on were going to Zero if failed or mega valuations if successful.
Those types of play are very much Entrepreneur dependant. the entrepreneur is literally selling 'belief' and 'hype' in the hopes of getting enough money and time to then have a real attempt to deliver a product.
Like Elon or not, he was unique in being able to SELL such massive hype to so many and that is his super power. That gave him the runway to then to begin to deliver in many of those areas through acquisition and innovations and more hype.
You may counter 'but I never bought into the hype and never gave him that money', and neither did i, but enough OTHERS did that he got his money and his chance, and he is delivering incrementally enough to stay in the game.
You cannot just say 'anyone else could have done it' simply because the pieces of the tech were there.
Unless you are saying in the inevitability of infinite time and outcomes, then sure, eventually (not likely our life time) some other person could have consolidated the hype to make it happen.
Anyway, I think you guys have a very naïve business view regardless. That you really do not understand business.
It seems you think for Elon to be considered successful he must invent everything himself, and create every company (no acquisitions) himself or you can scoff at him. that everything must be his original PHD work.
I challenge you.
Tell me who in the history of business you would call a success who did not utilize aspects of existing tech, or utilize acquisitions, etc in their path to Billions where you could not say 'if they did not do it, someone else would have'?
Do you consider Henry Ford a hype job fraud? The conveyor belt was not novel or new. HIs production methods were not new just because he brought them to scale.
Anyway I look forward to your Entrepreneur answer.