Is Tesla Just A Series Of Startups? Elon Musk Lays Out The Case

Elon Musk would like investors to think of Tesla Inc. (NASDAQ: TSLA) as a series of startups.The electric automaker’s CEO discussed this on the recent third-quarter earnings call, highlighting the individual units that make up Tesla.Musk On Tesla components: “There’s probably in excess of a dozen startups effectively in Tesla,” Musk said.He referred to every major Tesla product line as a startup and every new plant as a startup.Since other car companies don’t own their own sales and service, Tesla’s sales and service units could be startups, he said, adding: “The whole autonomy thing is a startup.”Musk also termed the …read more

Source:: Yahoo Finance