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Electronics whiz Elon Musk is now the world's richest person

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BravoV:
Like him or not, personally I valued what he is doing or has contributed in space launching system, hard to argue about that.  :-+

sandalcandal:

--- Quote from: BravoV on January 09, 2021, 11:35:59 am ---Like him or not, personally I valued what he is doing or has contributed in space launching system, hard to argue about that.  :-+



--- End quote ---
YOU CUT OUT THE BEST PART OF THE TEST!

BravoV:

--- Quote from: sandalcandal on January 09, 2021, 11:36:53 am ---YOU CUT OUT THE BEST PART OF THE TEST!

--- End quote ---

LOL  :-DD , still impressive though where a fat big ass metal thingy can do that while falling, even eventually it turned into pieces at the end, but pretty sure next time there is a huge chance of a successful landing.

nctnico:

--- Quote from: tom66 on January 09, 2021, 11:29:50 am ---
--- Quote from: nctnico on January 09, 2021, 11:23:24 am ---Margin isn't everything. In the end the R&D needs to be paid for as well. It is not a secret that Tesla receives a huge amount of money for their CO2 emission rights (which in itself is insane because it means that for each EV out there, there is also an ICE vehicle creating the CO2 output on top of the CO2 output most EVs cause). The big question is whether Tesla can continue their R&D efforts at a sufficient level in order to stay ahead of the competition without the revenue stream from the CO2 emission rights. Either way I don't think Tesla will ever dissapear because the brand is so strong.

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Of course R&D is an issue but no company burns R&D money without expecting a return (well, maybe with exception of uBeam etc...)

Also Tesla only make about 10% gross margin from auto credits,  so while it's non-zero,  they're still profitable without them.

VW spent over $91 billion on MEB, a single car platform that currently only underties ID.3, yet people seem to balk at Tesla spending ~$4 bn/year?

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The big difference is that VW has the cash on hand and Tesla doesn't. Tesla needs to emit shares in order to get more money to spend. Besides that VW has a production capacity for the ID.3 which rivals Tesla's production capacity for all Tesla's models together. In the end Tesla is a very small car manufacturer with limited resources.

Halcyon:

--- Quote from: BravoV on January 09, 2021, 11:35:59 am ---Like him or not, personally I valued what he is doing or has contributed in space launching system, hard to argue about that.  :-+

--- End quote ---

Oh I completely agree. The stuff he is doing with relation to space/satellites, amazing. Their cars, meh. I can buy a Hyundai or Kia which is built better than a Tesla for less money.

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