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Did the Tesla Story Ever Make Sense?

30 Dec 2022 | Abstracted from NY Times

"Tesla stock's plunge is an opportunity to talk about what makes businesses successful in the information age...Tesla and Bitcoin may have more in common than you think.

"The question is: Where are the powerful network externalities in the electric vehicle business?

"Inflation Reduction Act...will actually hurt Tesla. Why? Because it will quickly make electric cars so common that Teslas no longer seem special."



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