Musk is an amazing salesman.
Imagine if literally anyone else floated this idea: we're going to dig subterranean tunnels. Within those tunnels will be platforms. We will take vehicles from the surface of the earth and transport them down elevators to these platforms, which will then whisk them through these subterranean tunnels to other locations where different elevators will then deliver them back to the surface. It's so stupid it's beyond parody.
But what's even more stupid? Tweeting that you've "received verbal government approval" to begin building a series of underground low-friction tunnels between several major U.S cities. Oh, verbal government approval? Well sign me up!
Electric cars aren't new. People were building then 120 years ago. Anybody today can build super expensive money losing electric cars subsidized by governments and profitable legacy companies. Does anyone really think but for the factor of "hey we're the Apple of cars, look at the cool factor" literally any auto company couldn't do the exact same thing? The technology isn't new, novel or complicated.
I would argue that Tesla's valuation is a joke, but Musk does it frequently himself, which is yet another amazing spectacle. Because they never prototyped the Model 3 tooling, I've got a buddy hot to short TSLA on the assumption things will go wrong. I think he's nuts. Some day Musk will declare "Tesla is about to go bankrupt" and the stock will rise 37% that day as a bunch of analysts blow him over being a visionary. :lol Maybe some day they'll start using GAAP...
+1