| ▲ | pessimizer an hour ago | |
Seems very related to another electrek story today: https://news.ycombinator.com/item?id=49599058 If a Tesla Cybercab fleet were profitable, Tesla wouldn’t sell you one They seem to just be laying downside risk off onto suckers, and holding on to upside. They probably broke even on the Solar Roof project, while their contractors are ruined. One arbitrary day they could bail on cybercabs just as easily, probably walk away having made a pile of money anyway, while a bunch of people are stuck with a bunch of used up vehicles that they have to try and sell, and can only sell with the consent of Tesla itself. Great model. Good followup on "do things that the state should be doing so the state pays you a ton of money, then have a luxury version of the same thing that you sell to wealthy customers (whose tech has been entirely subsidized by the state.)" Musk's empire is a purely financial play that has nothing to do with tech, just like Palantir. It's all money games, like everything else in the West. Scam age. | ||