Re:Why companies lose their best innovators (2019)
by rickdangerous1 on Sunday July 19, 2020 @07:02AM
(#23888512)
There is a really important difference between companies which don't have enough margin to post a profit and companies that invest every bit of resource into capturing a new market.
They're not leaking money, that is the wrong metaphor. They're conducting an expensive land grab on 3 huge industries: Cars, Energy storage, and solar.
Re:Why companies lose their best innovators (2019)
by foolmeonce on Sunday July 19, 2020 @10:03AM
(#23889440)
Assuming that is true, it doesn't really answer the question of why an existing player should be that innovative. Experiments by existing players are harshly critiqued, the division that does them is demoralized by other divisions that contribute to quarterly profits and any innovation that is useful is pretty easily copied by competition. Since every existing player has a patent portfolio of BS for the Texan kangaroo court, there wont be a good return in royalties. Running garbage through an oversized legal department while copying someone else is a better investment in R&D.
Re:Why companies lose their best innovators (2019)
by rickdangerous1 on Monday July 20, 2020 @12:52AM
(#23894746)
Because for the companies that don't, it is a threat to their existence. Teslas has opened their patents for anyone who wants them, and not one other company is keeping pace with their level of innovation. The entire ICE industry is now already obsolete. You don't think this should compell existing players to innovate?
Re:Why companies lose their best innovators (2019)
by foolmeonce on Monday July 20, 2020 @04:22AM
(#23895816)
If by innovation you mean try out Tesla's patents then absolutely.. I think Tesla opened their parents for PR reasons. The other companies stealing them and Tesla doing nothing would have been bad, Tesla getting countersued with bs even worse.
Re:Why companies lose their best innovators (2019)
by lazylizard on Sunday July 19, 2020 @07:41AM
(#23888650)
Yes. There's a chance that toyota, honda, daimler, Volkswagen, are wrong.
Re:Why companies lose their best innovators (2019)
by rickdangerous1 on Monday July 20, 2020 @12:50AM
(#23894734)
In so far as they have missed the transition from ICE to EV, they are all wrong. Tesla has such a huge lead on them, they probably will never catch up.
Re:Why companies lose their best innovators (2019)
by oblio on Monday July 20, 2020 @04:26PM
(#23901537)
https://en.wikipedia.org/wiki/Volkswagen_Group_MEB_platform
The MEB platform is part of a Volkswagen strategy to start production of new battery electric vehicles between 2019 and 2025.[3] In 2017, the VW Group announced a gradual transition from combustion engine to battery electric vehicles with all 300 models across 12 brands having an electric version by 2030.[4]
As of May 2018, the VW Group had committed US$48 billion in electric-vehicle batteries supplies[5] and announced plans to outfit 16 factories to build electric cars by the end of 2022.[6]
Re:Why companies lose their best innovators (2019)
by hedora on Sunday July 19, 2020 @11:13AM
(#23889879)
Tesla is plowing all their profits into R&D, and is well on the way to eliminating conventional car companies, dealership networks, power generation and transmission networks, the entire roofing industry, and will not stop there. Assuming they acquire spacex, they’re likely to own a big chunk of telecommunications, and mining operations moving forward. There’s also the Boring Company, which could take a big chunk of tunnel construction.
They’re also doing more to help the environment than any other corporation (and probably government) on earth.
But, yeah, their quarterly profits kind of suck.
Usually I leave comments alone unless I agree or disagree, but this is a really easy one to answer - the entire Tesla experiment has been grossly unprofitable so far and there isn't any concrete evidence that any business should follow in Tesla's footsteps. They just posted their first measly profit after a decade with not much to show for it.
It may yet come good and it has been a good ride for shareholders, but if you want to know why nobody is rushing to innovate like Tesla it is because they have been leaking money like a drunken sailor.