Is Tesla the new DeLorean Motor Company?
Well, back in 1975 automotive executive and engineer John Z. DeLorean attempted to build and sell an original new car (DMC-12) and take on the rest of the automotive industry. The company failed in 1982 when it went into into receivership and bankruptcy. Making and selling cars is a tough business to start from scratch even if you have an army of nerds working on the project. There is an overcapacity of car making worldwide. Tesla occupies a tiny segment of a soon to be large EV market. The fundamental problem is Tesla cannot possibly scale quickly enough to be successful with all of the excess car-making capabilities available to manufacture EVs. Mr. Musk would be smart to stick to making batteries and rocket boosters.
Biting the hand that feeds IT
