The unraveling of a billionaire's mind

I beg to disagree. Yes, the jury is still out on his visions, but whether we like him or not, like newwurldmn said, he has great visions. Remember some said the same about Jobs when he was kicked out of Apple. H Hughes might be crazy but no one denied he founded Hughes, a leading Aerospace company at its peak.

How many of us dare to dream the impossible dream?
 
How many of us dare to dream the impossible dream?

If you dare to post your dream on ET all bashers will attack you as being ... even posting reality is many times already problematic. Never exceed what the average joe can or they chop your head off. Posting above average things is only accepted from a priviliged group of wonderboys.

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I posted this in the Psychology section because here I don't want to discuss a car's technological features or a business' profitability, but more of the pressures of being a CEO and telling one too many lies while leading the public on a fantastic dream journey into the future:

Elon Musk's main problem, other then being a dreamer, is the an old business principle of being first to market often ends up last to finish. The reason being, first to market often mean you are making the majority of the mistakes that competitors learn from and can eventually leap frog on.

Take the example of Myspace. Myspace was the first to market. However Facebook came later. Now Myspace is gone. And Facebook dominates.

Other examples:
Apple vs Microsoft
iPhone vs Android
AOL and Firefox
Tivo and DirectTV

And let's not forget the Wright's Brother:

The Airplane Business

As their fame grew, orders for aircraft poured in. The Wrights set up airplane factories and flight schools on both sides of the Atlantic. Unfortunately, once they had demonstrated their aircraft in public, it was easy for others to copy them -- and many did. The Wrights were dragged into time-consuming, energy-draining patent fights in Europe and America. The most bitter legal battle was with Glenn Curtiss, who, as part of his defense, borrowed Langley's unsuccessful aircraft from the Smithsonian Institution and rebuilt it to prove that the Aerodrome could have flown before the Wright Flyer. The ruse didn't work -- Curtiss made too many modifications to get Langley's aircraft in the air and the courts ruled in favor of the Wrights. Yet although the case resolved the Wright/Curtiss dispute, it left an enduring resentment between the Wrights and the Smithsonian.

Outside the courtroom, the world seemed no friendlier to Wilbur and Orville. The aircraft business was uncertain and dangerous. Most of the money to be made was in exhibition flying, where the audiences wanted to see death-defying feats or airmanship. The Wrights sent out teams of pilots who had to fly increasingly higher, faster, and more recklessly to satisfy the crowds. Inevitably, the pilots began to die in accidents and the stress began to tell on the Wrights. Additionally, their legal troubles distracted them from what they were best at -- invention and innovation. By 1911, Wright aircraft were no longer the best machines flying.

In 1912, Wilbur Wright, worn out from legal and business problems, contracted typhoid and died. Orville, his heart no longer in the airplane business, sold the Wright Company in 1916 and went back to inventing.
 
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Elon Musk's main problem,

..is that the energy content of batteries are still too low. Not to mention making a car factory in America is not a good idea when there is cheap labour Mexico nearby. NOBODY in the West can make electric cars profitably, the Fiat boss begged people not to buy their EVs because they lose 14K on every vehicle.

But shouldn't a genius recognize this??? Well, because he was able to keep raising money, and the government subsidies helped his business, he didn't have to face the music until NOW....

He simply got addicted to his own hubris...
 
Do you actually have a valid argument here or are you just talking about people? Because only small minds discuss people... :)

Is that why you post so much about Musk?:)

I posted already, not a dream, but reality. And even that got a lot of hostile reactions.
 
And even that got a lot of hostile reactions.

Maybe because we don't like preferential treatments. But we do like reality. In reality, no Western automaker can make EVs profitably, end of story...

The reason I post about him so much, because people worshiping him fascinate me. That is how people sign up for Scientology and such....
 
So did Elizabeth Holmes. Let's not give out prizes for dreaming...
Good point but there is a small difference: She had a dream but only smoke and mirror whereas he has dreams and products, Falcon launchers, Tesla cars...

Years ago, as a young man right after PayPal, he decided to develop rockets, founded SpaceX with his own money but no one believed him. Fast forward, a few years later, companies lined up to buy his launches. He is more Hughes (Howard) than Holmes (Elizabeth).
 
Tesla cars...

I think their mission statement (dream) is to make public transportation electrified and accessible for the masses. That means cheap EVs. They are failing to achieve that... So they are not much better than Holmes if we don't move the goal post.

Not to mention all 3 of his companies heavily depended on government benefits/orders. Without those they would have folded much earlier. But I have to give him that, he is very good at milking Uncle Sam's tits...
 
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