OPINION: The Tesla-Theranos comparison, like the Tesla-Enron comparison, makes for fiery debates, but the comparison falls apart on closer scrutiny.
Holmes talked a good game about empowering the individual to control their own health, but Theranos' entire business plan was essentially to make blood testing faster and cheaper. Its competition was the established blood-testing industry.
Skeptics don't have to buy in — or investors can sell their shares if they're either happy with their return or unhappy with Tesla's prospects. Enthusiasts can buy whatever shares they want, or purchase the company's products.6. Holmes didn't have to worry about consumers — but Tesla has to.Cars are ultimately consumer products. You buy one, usually borrowing a lot of money in the process, and you drive it around. Most folks can keeps daily tabs on this arrangement.
Theranos' kinda-sorta business didn't really solve that vague problem — instead, Holmes sought to get the brand and the marketplace, apparently on the assumption that the questionable technology would come around. It isn't difficult at all to figure out if Tesla makes a valid automobile. You can buy one. If you don't like it, you can give it back — or sell it to someone who's more enthusiastic than you are.Manufacturing an electric car isn't that much different from making a gas-powered one. Sure, the propulsion systems aren't the same, and it takes much longer to"refuel" an electric car by recharging than it does to pump 15 gallons of gas into a traditional automobile.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | Get Ready for a Pileup, TeslaOpinion: With tax rebates dwindling, Tesla is facing down a $300 billion onslaught of competing, money-losing electric cars, writes HolmanJenkins
Read more »
Tesla pops after news that the tax credit for electric vehicles may be extendedTesla rises on news that the tax credit for electric vehicles may be extended. The legislation has been proposed by a bipartisan group of lawmakers.
Read more »
Stocks making the biggest moves midday: Under Armour, Tesla, Lyft, First Solar & moreCheck out the companies making headlines midday Wednesday:
Read more »
Exclusive: U.S. bill to boost electric car tax credits could rev GM, TeslaA bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expa...
Read more »
Panasonic says reviewing further investment in Tesla GigafactoryPanasonic Corp is studying further investments in battery production at its Giga...
Read more »
Tesla shares slump premarket on report that plan to expand Gigafactory is on holdTelsa Inc. shares fell 4% in premarket trade Thursday, after a report that the electric car maker and Japan's Panasonic Corp. are freezing plans to expand...
Read more »
Stocks making the biggest moves premarket: Tesla, JetBlue, Costco, Marriott, Stitch Fix & moreSome of the names on the move ahead of the open.
Read more »
Tesla and Panasonic may pause Gigafactory expansion plansThe battery-maker said it's reviewing further investments after a Japanese paper reported it was walking away from an expanded Tesla Gigafactory
Read more »
Tesla and Panasonic reportedly freeze spending on $4.5 billion GigafactoryThe company is reportedly rethinking plans to expand capacity at the factory as worries about demand for Tesla cars grows among investors.
Read more »
Panasonic reviewing further investment in Tesla GigafactoryPanasonic Corp and Tesla Inc are holding off on further investment in the U.S. e...
Read more »