Submitted by maliknyc t3_11a965p in wallstreetbets
aka0007 t1_j9t9e9l wrote
Reply to comment by Cold_Acanthisitta_95 in Rivian Business Strategy Walkthrough - Do they have what it takes to compete against Tesla? by maliknyc
Exactly. Not sure why people don't get that that Tesla was operating in a different environment in 2010-2020. The Tesla model worked, arguably, to a large extent because of the lack of competition and the access to those motivated buyers who were less price conscious and more forgiving of early missteps. And even in that environment Tesla almost went bankrupt (well we also forget that battery costs were crazy high and lack of any supply chain meant substantial upfront costs).
Then Tesla also has Elon Musk, but if I mention that I will get called out for being part of the cult...
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