> For sure Elon Musk is a very smart guy and he works really hard and he knows how to deliver amazing products and his PR skills are amazing...
And again, don't ignore the part where he used his entire PayPal fortune to build a company that he thought had a high probability of failure. That's key to this conversation about risk.
The government chose to take on the risk of providing subsidies in order to get the benefits it enjoys today due to Musk's efforts, which is a growing electric vehicle industry. That wasn't Musk's choice to socialize risk, it was elected officials'. And that choice has paid off well for everyone.
And again, don't ignore the part where he used his entire PayPal fortune to build a company that he thought had a high probability of failure. That's key to this conversation about risk.
The government chose to take on the risk of providing subsidies in order to get the benefits it enjoys today due to Musk's efforts, which is a growing electric vehicle industry. That wasn't Musk's choice to socialize risk, it was elected officials'. And that choice has paid off well for everyone.