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Tesla takes on $30B in credit as it approaches unprofitability

161 points · 221 comments · ciconia

bpodgursky · 1790746032 · focus · HN ↗
I'm not convinced Tesla's schizophrenic strategy is any worse than the strategy of the legacy American automakers, which is to sleepwalk directly into a volcano (when Chinese EV manufactures break into the market with $10k SUVs)
1. LarsDu88 · 1790748564 · focus · HN ↗
  Honestly Ford is doing something right with the new Fathom truck, but mostly their catching up to Tesla in terms of manufacturing. The Chinese companies caught up and passed up Tesla in that game about a year ago.
  At some point, the reality of being in a highly competitive market must set in and valuations need to come down to Earth.
  1. dyauspitr · 1790748684 · focus · HN ↗
    The lightning was fantastic as well.
    LarsDu88 · 1790748876 · focus · HN ↗
    The fact that Ford in the 2020s took a look at the lightning (which is not a bad vehicle by any means) and thought "this really isn't cutting it" is a good sign.
    Henry Ford was the original Elon Musk. He was obsessed with efficiency, minimalism, and just a smidge of Nazism. They only offered the Model T in one color. Tesla doesn't paint the damn Cybertruck at all. A Ford Motors that goes back to its roots (without all the weird white supremacist stuff), would be a strong auto maker indeed.

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