Quote:
Originally Posted by DoubleF
If I'm Elon Musk, I don't care about Tesla, the Boring company etc. long term. I'm more interested in SpaceX and the Hypertube etc.
Exit strategy wise, I'd sell Tesla and a bunch of these companies to the US automakers at a premium in the coming few years and offer them a olive branch to deal with Chinese pressures, but also an forward solution that also deletes a major competitor to them. Tesla can continue to grow and Musk can pocket some serious coin by selling Tesla at a premium to have funds for his vanity projects (a la Zip2 and Paypal).
Tesla is pumped full of funny accounting and the government subsidy stuff will end sooner or later. He's going to laugh all the way to the bank and wash his hands of this stuff. US automakers will still be profitable even with some of this stuff built in, but just not as profitable as one might believe vs the actual selling price of Tesla.
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I'm not sure where you are getting this from? Their margins have been getting better each quarter. At some point the carbon credit offset stupidity that they benefit from will not really mean anything in the overall scheme of things.
I agree though that Tesla is not his long play in terms of building cars to make money. SpaceX will be MUCH more profitable, plus the benefit of being private.
And you are right, it does help that Tesla can raise capital really easily without diluting their share price.