Electric car fail
As a related aside, let me ask this: would you think the New York Times has a default position which favors electric cars, disfavors electric cars, or is neutral?
While the media offers huge hosannas regarding Musk, let’s get real. His business model for space launch depends on one customer, the U.S. government, while his business model for electric cars depends on massive market intervention from state, local, and federal governments.
Without the government as the customer or as an interventionist, all of Musk’s work falls into the can’t work/won’t work/fail bin. I’m not saying Musk isn’t a smart, hardworking, capable man; I’m just saying he doesn’t walk on monomethylhydrazine and nitrogen tetroxide.
I’m sure Mr. Musk’s lobbyists have Congress and the White House on speed-dial as
bailouts stimulus investments in the electric car industry are starting to look more and more likely.