Accuracy.
reply> Elon sells dreams and visions, not really products.
Do you want me to pull out a list, or can you google it for yourself?
Sure, he also sells dreams and visions. Sure, all the dumb money is going to regret it once the smart money dumps on them.
Yet, claiming he doesn't really sell products (and or services, which he also does) is absolutely ridiculous.
I think that the point of the comment was not that he does not sell any products, but that he predominantly sells dreams & visions, if you use TSLA market cap as a guide. If you look strictly at the products he sells, the valuation of his company ought to be somewhere between 50% and 100% of Ford. By that analysis it seems like TSLA is about 97% hopes and dreams.
replyThis it could be the real strategy. Because the more credible promises you make, the more valuable is your company. If sales of cars are spiraling down, then what promises remain there to keep valuation ?
replyThe hype to fizzle cycle is shortened with each new dream and approaching zero, which is the true value of the company.
reply