Elon Musk recently shared what he thinks is the fundamental value of Tesla in an interview with the Tesla Owners of Silicon Valley
Tesla’s mission is to accelerate the transition to sustainable energy, and this, Elon pointed out, is its fundamental value.He then asked that if it wasn’t for Tesla, what would the world be like? Think about this for a moment. Imagine a world where Tesla didn’t exist. Would another company have stepped up to push EVs and sustainability? Nissan has done some good with its LEAF, but we all know that it was Tesla that revolutionized the industry.
“I’ll tell you the real reason that people should have been shorting Tesla and perhaps why some of them were shorting Tesla, and the real reason that new car companies cannot succeed or why it’s very hard for them to succeed. Elon explained that high-margin replacement parts can be sold to the existing fleet while selling the new cars at effectively zero margins. He added that it’s like a razor and blades perspective.
“You have to win on autonomy, you have to win on electrification, and you have to make a product so compelling that it is worth paying the premium relative to the incumbent competitors. This is a very big deal.”Eli Burton, who is the club leader for the My Tesla Adventure Club, was also part of the group interviewing Elon Musk, and Eli told him that he was that customer. Eli said, “I am exactly that customer by the way. I first test drove a Tesla in 2015. The acceleration and all that was cool.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla Fires Singapore Country Manager After Elon Musk Warns of Job CutsTesla CEO Elon Musk recently told employees about plans to reduce salaried headcount by 10%.
Read more »
Elon Musk says Tesla accelerating production of Model Y vehicles amid increased demandTesla founder and CEO Elon Musk said Monday that the electric vehicle manufacturer would be increasing production of the right hand drive Model Y vehicle.
Read more »
Elon Musk to Participate in Twitter All-Hands Meeting ThursdayElon Musk will participate in an all-hands meeting with Twitter employees Thursday, marking the first time the billionaire has spoken directly with the company’s workforce since he began his courtship of it in April
Read more »
Elon Musk comes to defense of ‘Libs of TikTok’ over Twitter death threatsElon Musk has come to the defense of the woman behind the controversial Twitter account “Libs of TikTok” after she tweeted that she was receiving death threats.
Read more »
Elon Musk to answer Twitter employee questions at company meeting on ThursdayEmployee response to the deal has been mixed.
Read more »
Elon Musk says Starship will be 'ready to fly' into Earth orbit next monthElon Musk has announced that SpaceX's Starship will make its first flight into orbit in July of this year. And this means the wait is nearly over.
Read more »