Oddbean new post about login | logout Inflation is making it hard for TSLA to keep up. The gap between TSLA and other electric car makers has closed. They have lost the “first mover at scale” advantage. Bitcoin is the answer to part of TSLA’s problem. He will either take the time to understand why bitcoin matters or he will be humbled.
If he goes bitcoin, then Tesla’s become ICE vehicles. The EV market and electrification more broadly is a fiat scam.
They are not a fiat scam, any more than your electric phone is a fiat scam. Electric cars are the future, electricity can be made 1000 different ways, gasoline can only be made one.. Electric motors are way more efficient. If you have ever owned an electric car you would think differently. The problem is all the credits, subsides, money printing excuses the left uses for electric cars, gives the technology a bad name and creates psycho powers like Elon…
A phone is physically too small to run on gas. The production of electricity is a lot less efficient than the production of gasoline. EVs are not the future. They literally only exist because of fiat (cheap) money.
His ego and new wealth didn’t help.. He lost all focus. With the billions he and Tesla made with stock, you would think he would improve the cars, quality, service, focus on his dream of getting to mars, etc.. But no. Memes and Twitter addict…
Economically and technologically the gap has not closed. They’re the only major car company making EVs profitably (with Kia being the only other as far as I know), and their tech is way ahead of competitors. Customer service and quality are not great though; definitely a symptom of inflation and cost cutting. Bitcoin could fix that, and allow for more innovation. Then they would just need to open up the software controls, but who knows if that’ll ever happen…