Quote:
Originally Posted by pornguy
Drop the cost of the cars by 10%
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Hes not making a profit on them as it is, so he can't drop costs. Musk made a mistake of claiming he'd make a profit this year. There are lots of companies that fail to turn profits for years, but he made the mistake of saying he'd do it this year.
The only thing that matters is.. Does Telsa have money to keep operations going and pushing forward? The answer is yes, so Telsa isn't going anywhere.
However Musk gave the haters some free ammunition. No one in the world would be able to start a major car manufacturing company and turn profits in just 10 years. Specifically when that company is reinventing the car..