Thread

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

161 points · 221 comments · ciconia

rgmerk · 1790747861 · focus · HN ↗
Look, I get that Elon wants to chase AI, but why not do relatively simple, low-cost things like build a proper 7-seat SUV that uses the Cybertruck platform - or even a properly stretched Model Y platform (rather than the six-seater L)? Or how about a delivery van on a stretched Y platform?
Tesla's product line is narrow and aging rapidly.
1. fooker · 1790748992 · focus · HN ↗
  This will get TSLA valued as a car company.
  They want to be valued as a ~~scifi~~ tech company.
  Which is fair, given that the market (and by extension we) chose to brutally punish boring car companies that make reliable high volume cars.
  1. Gud · 1790751876 · focus · HN ↗
    And by punish you mean fairly value?
    cainxinth · 1790773877 · focus · HN ↗
    There was an HN post recently about “startup anti-patterns” [0]. And the broad takeaway was that most failures stem from preventing facts on the ground from reaching you, i.e., the company plows ahead with a strategy that misses or actively ignores countervailing data.
    [0] <a href="https://www.itamarnovick.com/intro-to-startup-anti-pattern-series/" rel="nofollow">https://www.itamarnovick.com/intro-to-startup-anti-pattern-s...

Unofficial Hacker News client; not affiliated with Y Combinator.