“Not to mention that Musk admitted that Tesla won’t make a profit until 2020!”
Which mean, “Never”. Business models that need 5 plus years to mature never work out.
I call this the 5/3 plan: The business plan is for 5 years but the author/owner is always out with a stash of cash in 3 years as the plan crashes and burns by year 5.
Musk is no different. He knows tesla is a con and he will be rich and out in 3 years as the plan crashes and burns before 5 years.
The 5/3 Plan is the most common con game used in business. I’ve had the displeasure of being involved in many of them.
Right.
The Tesla smoke and mirrors has always been about Musk cashing out by unloading the company to General Motors or Volkswagen or someone bigger who can absorb the losses for some kind of crony capitalist gain.
“the 5/3 plan: The business plan is for 5 years but the author/owner is always out with a stash of cash in 3 years as the plan crashes and burns by year 5.”
Hmmm,, kinda like the way we hear the budget will be balanced in the year 2025 or 2040. Long after the SOBs are out of office.
You need to do your homework on Tesla Motors. It was founded in 2003, created its first prototype in 2006, started production of its first car, the Tesla Roadster, in 2008, and its second car, the Model S, in 2012. This is not a company that sprang up yesterday with a 5-year plan.
Furthermore, you should research the difference between growth companies and mature companies. The only reason that Tesla does not report profits today is because they invest all their would-be profits into growth: things like SuperChargers and the GigaFactory. Oh, and in case you are not up to date, they have paid back all their government loans, with interest.