That’s a silly analogy. Theranos clearly falsified their technology and were able to do it by hiding their product from their consumers. Tesla not only has been selling their product for years, but many of their consumers are very happy with the results. If things go south for Tesla, it’ll likely be the lack of political will, particularly from this president, to extend green energy credits and foster this nascent industry. That’s even discounting trade wars with China since China conditions were expected to deteriorate to some degree anyway. You can see what a difference political will makes when you read how Tesla is doing in Norway.
>Theranos clearly falsified their technology and were able to do it by hiding their product from their consumers
I guess that depends on which products you are talking about, right?
Full-Self Driving? Solar Shingles? Battery Swap? Starting insurance companies? Hyperloops? Tesla has made plenty of promises about technology that hasn't come into existence.
I see you've already developed your narative, however: Tesla will only fail because of politics. The atrocious financials, a CEO who is hard to work with, massive exodus of talent, employee abuse, poor product quality...none of that will be the reason.
>You can see what a difference political will makes when you read how Tesla is doing in Norway.
Earth shattering news: when you massively subsidize expensive consumer goods, people buy more. Can you tell me what the Norway data is saying now? (Hint: I know, and it's not good for Tesla).
There's so much FUD it's hard to know where to start. You start with a rebuttal on "clearly falsified their technologies" and then transition to examples of how Tesla talked about products that people can't buy yet. Completely Apples and Oranges. Where's "The Machine" from HP? What happened to Seagate's IP-driven Key-Value Drive? Both really cool products they worked on but didn't manage to get out there as everyday products. Full-Self Driving is one example. Tesla is working on it, but they are also describing different levels of Autopilot to the media and you are just focusing on one. The products of Tesla people talk about are the ones that provide the vast majority of their revenue and profit. The ones they are currently driving and reviewing.
I didn't say Tesla could only fail due to politics. I said that's a sizable component of their early stage effort not crossing the finish line. You dismiss the many reports of very happy product owners, which doesn't fit the narrative you have developed. Apple was frequently described as a place that had employee abuse, particularly the way Jobs treated some of his engineers, but they made great products. A company could very well be poor in some aspects but can still do well.
And your Earth shattering news is my point. If the US did what Norway did, Tesla would be doing great and a number of our nascent electric car industries would definitely survive the early-stage. This also goes to political will on forcing more automated driving areas like what China is doing by building out.
Sure, there are plenty of other ways Tesla could crash and burn as a company, including being out-competed, but all of this is just side-stepping what was a completely ridiculous analogy between a fraudulent company that intentionally misrepresented their one main product, and a public company shipping product that is routinely reviewed and scrutinized. If you can't see this, you are so wrapped up in your narrative that you are blind.
> I don't understand this argument. Not saying Tesla is Theranos, but Theranos ran on hope and dreams for 10 years.
Amazon ran on losses for many years and it played out in the end. By choosing what company you compare Tesla to, you already choose a particular narrative. It's worthless as an argument and if you have a reason for your belief, it's more useful to discuss that rather than arbitrary comparisons.
>Amazon ran on losses for many years and it played out in the end.
It's comments like this that demonstrate just how unprepared some people are going to be if Tesla fails. Brush up on your finance.
If you don't see the parallels between the companies, not sure what to tell you. But I'll mark this comment, because assuredly you'll say, "where were the signs!". Just like some other big name posters about Theranos.
Correct me if I'm wrong, but Amazon also didn't need the kind of large capital infusions that Tesla needs (in virtue of their industry and their pioneering efforts within it).
Amazon (NASDAQ:AMZN) issued $16B of bonds across seven tranches on Tuesday in the company's biggest bond deal on record. It was the fourth largest deal of 2017, and one of the 20 largest bond deals on record.
The argument is that most of those negative stories are "if it bleeds it reads" style stories rather than substantive analysis.
That doesn't mean they are ultimately wrong, but it does mean that much of the negative sentiment is no more grounded in reality than the positive sentiment.
I don't understand this argument. Not saying Tesla is Theranos, but Theranos ran on hope and dreams for 10 years. These things take time to play out.