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Originally Posted by Shipping up to Boston
This reminds me of the Polaroid Corp. When everybody else was in R&D....and production on digital cameras, Polaroid dug in on their instant camera model. By the time they figured it out....they were cooked. As were all their employees
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Ken Olson the founder of Digital Equipment, said that "personal computers" were never going to catch on. Back in the 80's in my area of the world, 60% of the people I'd run into on a daily basis, worked for DEC.
Tesla biggest problem, is they still don't employ "car people". They think that what they produce are "transportation devices", not cars Their designs and their quality of fit & finish, is atrocious and the laughing stock of the automotive world. Elon Musk may be a genius, but taking on GM, Toyota, BMW & M-B is no easy task ... which perhaps is why their stock is down 40% this year.