Letters to the Editor: Elon Musk runs Twitter. You don’t like that. So ignore Twitter.
Elon Musk has made it abundantly clear that he doesn’t think the public should have any say in determining what he does with his companies, which are now worth more than $20 billion each.
His latest decision may be the most telling example: He is considering selling Telsa Motors, his electric car company.
Here’s what’s going on:
Last weekend, when Mr. Musk announced he was working on “autonomy” for Tesla — meaning the computerized systems in his cars would make them drive themselves — Telsa said it had “significant progress” in improving autopilot, which would make the cars autonomous.
If Tesla makes a significant showing of the capabilities of its self-driving cars, it can use them to sell cars in other countries. In the U.S. Tesla is barred by law from selling cars to anyone other than “qualified” customers.
Elon Musk’s answer to that is to make a lot of money out of selling cars, a business he has been very good at for a long time. And what’s so wrong with that?
If he doesn’t sell a lot of cars, he can’t make a lot of money.
It’s easy to see why the world would frown upon Tesla’s decision. And it’s easy to see why people would take his reaction as “anti-consumer” and “anti-finance.”
But I think he’s right.
Tesla makes most of its money from selling cars and it has shown no sign of changing that.
Tesla is a lot like a drug company. It makes money from selling drugs. But it also helps cure diseases.
Similarly, Mr. Musk is like a drug company. It makes money from selling drugs. But it also helps cure diseases.
Tesla builds cars and sells them to customers. People buy the cars, pay for the gas to get to their destinations, and use them for their normal daily activities.
But Mr. Musk is selling the cars. And he makes money