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- Jul 23, 2007
"Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.
Yes it is, unless he's the one forcing the transactions.The only way Elon Musk stays in business is by INVOLUNTARY transactions that force others to pay. Is that really being an entrepreneur?
Why would they even need to? Tesla is the most popular car brand in China at the moment. A rising tide raises all EV boats. China is not an enemy of TeslaI hope Musk proves me wrong but I don't think Tesla will ever overtake China with EVs.
There are multiple reasons for this:
1 - The Chinese govt started their EV revolution 20 years ago.
2 - China is the biggest EV market in the world. 500K cars were sold in 2017.
3 - China controls 80% of the world's Rare Earth mines. These are absolutely critical in the manufacture of EVs.
4 - The largest battery manufacturer in the world is Chinese.
5 - Tencent, one of China's biggest conglomerates (bigger market cap than Facebook) owns 5% of Tesla.
I'm expecting an onslaught from the Chinese brands and there's a few. Nio, BYD just off the top of my head are looking to make massive in-roads with China in 2019.Why would they even need to? Tesla is the most popular car brand in China at the moment. A rising tide raises all EV boats. China is not an enemy of Tesla
Tesla: More Google Searches Than Any Other Automaker In U.S./China
BYD needs to catch up on quality they are like 1990s Kias or Hyundais and Tesla is a premium brand like Bmw, Mercedes.I'm expecting an onslaught from the Chinese brands and there's a few. Nio, BYD just off the top of my head are looking to make massive in-roads with China in 2019.
Warren Buffet is a big investor in BYD so watch out for them. There's also VW's big plan of selling 1m EVs/year. They're in the process of converting 16 global factories to meet that target.
I always go back to Tesla's limitations. According to Elon himself - they need 20 Giga-factories to sell anywhere close to the numbers they're forecasting.
You could be right - competition could raise the markets for all the manufacturers. It's an exciting time.
I don't know about BYD quality, but Tesla went through huge quality issues in their earlier days. A big part of it was their customers were being very particular about things like panel gaps. Model 3s are just now rounding a corner where fit and finish QA is hitting it's stride.BYD needs to catch up on quality they are like 1990s Kias or Hyundais and Tesla is a premium brand like Bmw, Mercedes.
We have BYD taxis where I live and they're not bad. They're certainly not at the quality level of the Model S but with Warren Buffet money backing them - I don't think it will take them long to start competing with Tesla.BYD needs to catch up on quality they are like 1990s Kias or Hyundais and Tesla is a premium brand like Bmw, Mercedes.
Tesla is also opening a car/battery factory in ShanghaiShenzen went fully electric with their buses. Taxis are next.
They're using BYD to do this.
Where I live, Singapore, is perfect for EVs but apparently the Singaporean govt isn't interested in electric cars.
The economy relies on oil/gas exports.
Eh. I disagree. I'm actually quite successful. However, an ad hominem attack like you just gave showcases your level of ineptitude.Yes it is, unless he's the one forcing the transactions.
You do business in the country you have, under the government you have, not in some libertarian utopia that doesn't exist.
There is nothing morally inconsistent with using the power of the state while concurrently saying it shouldn't have that power. A simple example of this is Nigel Farage: who uses the privileges granted to him by the EU regime to try and bring down that regime.
Otherwise you'll just be hobbling yourself, and you'll do no good.
People like you are just one more crabs-in-bucket loser trying to pull down one of the few men in the world who're actually moving us all forward. You're just an internet edgelord douchebag, and a libertarian society would blacklist you so hard you'd only be allowed tenancy in the desert.
That isn't entirely true.Where I live, Singapore, is perfect for EVs but apparently the Singaporean govt isn't interested in electric cars.
The economy relies on oil/gas exports.
Does that mean I need to short TSLA?If you know anything about R&D and SG&A costs(Most people who worship Musk don't) you'd know that Musk's' companies are worthless.
Musk might be the greatest marketer of all time.
Just watched that video.... TOTALLY AWESOME....Nice blast from the past from Elon Musk in 1999 after he sold his business for gobs of money. Taking delivery of a $1M McClaren. This might have been before he turned into a fraud... (sarc.)
This Elon Musk interview from 1999 explains his success
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