I'm not. But it's interesting how I just got swarmed by 3 commenters.
> The comment you are quoting is a snippet out of context.
The context makes it even worse.
"None of us can unlearn what Tesla has taught us. There is no way back now. Tesla has already won.'"
I can't believe you think that the "context" makes it any less cultish. The comment is almost messianic.
Profit is a reflection of past performance, not future potential.
A profit is a realized financial gain. In a given period, income surpassed expenses.
A business failure is a business that has failed, it has ended.
A lack of profit can lead to failure, but in no way implies it.
From your "context": "What are the accumulated losses so far? $5-10B?"
$5-10B Losses doesn't translate into "profitable".
> Would we have the Bolt, Spark, Fiat e500, eGolf without Tesla?
Maybe? Electric cars existed before TSLA and electric cars will exist after TSLA.
What is with you? I'm a fan of TSLA. I like electric vehicles. I just don't believe in the cult of it.
Honestly, I don't expect crazy comments like "What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. "
to be upvoted on HN.
Maybe on reddit or some other social media, but I feel there is a higher quality of people here. And when I see something odd, I'll point it out.
Go watch "Who killed the electric car", then you'll understand what a travesty the EV1 was. Electric cars have always been compliance cars before Tesla. Heck, Bob Lutz credits Elon Musk with why they build the Volt.
> $5-10B Losses
$5-10B expenditure.
Which has not yet been shown to be a profitable decision, but unless the product flops it's not a loss either. $5-10B is merely a number that we're uncomfortable with - it is likely a necessary number because Tesla is now racing to grow in the EV market before bigger players (BMW, Toyota, etc.) enter it.
Nobody doubted they were viable or profitable, only desired. If TSLA accomplished anything, it was convincing people they are desired. That demand definitely did not exist before TSLA.
Your comment implies all these things were already the case. That electric was "always inveitable", and tesla just proved it. That's, IMHO, quite wrong.
as is this: "Would we have the Bolt, Spark, Fiat e500, eGolf without Tesla?"
You understand, for example, the bolt started design in 2012, right?
IE At the same time the model S did.
Others in your list are similar.
It's like saying success of the iPhone caused Google to release Android.
I'm with the OP, every single one of these threads seems some combination of cultish love for tesla and messianic adoration of elon.
As a complete outside observer, the distinct impression i get is of people who always loved electric cars, etc, who felt like the rest of the world was "wrong" about something, thinking they have now been proved "right" about something.
The only practical difference between TSLA and the other auto makers I see is that the others by and large followed demand (IE they wait for people to want a thing, then build that), and TSLA was able to create some demand.
That's awesome and a testament to great PR/etc. But it's pretty also pretty normal successful startup behavior,and may or may not be related to any of the "moral goodness" people see in electric vehicles.
'Whether Tesla survives or not, these billions are some of the best spent money on the planet in the last 50 years. What are the accumulated losses so far? $5-10B? Even if Tesla were to spend another $50B and go bankrupt, I would still maintain it's great. What Tesla has achieved is so important in the long run for the environment, for ending the strategic dependence on oil dictatorships, and for renewing the belief in technology. And the cars are really nice too. Speculating, as some do, that the EV revolution would end with a Tesla bankruptcy is silly, not just because Google and Apple (and probably other companies) would be more than happy to take over before or after a bankruptcy, but also because consumers and the the auto industry have now been shown where to go. None of us can unlearn what Tesla has taught us. There is no way back now. Tesla has already won.'