NEWS, COMMENTARY, DEBATE AND ACCESS TO FUTUREWORLD'S COMPLETE KNOWLEDGE BASE
As Wall Street closed for on Monday 3 April, Tesla, led by 45-year-old tycoon and 'futurist' Elon Musk, was worth $49bn, compared with a paltry $46bn for the empire built by Henry Ford.This is an astonishing feat, considering that Ford is over 100 years old, and Tesla has never made a profit. I for one, was extremely sceptical of the electric car becoming mainstream in the medium term, and much more impressed by Elon Musk's achievements with SpaceX. It's also interesting to see the media calling Elon a futurist, rather than a tech entrepreneur. Certainly his vision for the future is amazing, and his willingness to risk everything is admirable.Tesla has proved that tech innovation can disrupt any industry, even the century-plus automotive industry, which faces further disruption by mobility-as-a-service. But Tesla has yet to prove that they can make a profit and become a sustainable, long term business. With Elon Musk driving it, the chances of winning are good.
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