Paul Krugman says Elon Musk's Tesla can never be a 'profit machine' like Apple, because there's no scope for that in the car industry
because there isn't the scope for it to establish an unchallenged monopoly in the car industry, according to top economist Paul Krugman., which has helped products like Apple's iPhone and Microsoft's PCs to establish a dominant market share. The network effect refers to when people snap up a product because they feel that others are gaining exclusive benefits from using it.
"This is not network externalities, where basically people use something because everybody else is using it, and it's very hard to break out of it, and so you get decades of extremely high profits."Rising interest rates have weighed on all tech stocks Musk closed a chaotic $44 billion takeover of Twitter, laid off over half its workforce, and called on his supporters to vote for the Republicans last year. He also repeatedly voiced his support for right-wing conspiracy theories, including calling forKrugman said that Musk's behavior had shown that he's nothing like Apple cofounder and former CEO Steve Jobs – who was famed for his high level of discipline and focus on Apple's products.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk’s Starlink satellites coming up big for Ukraine in war against RussiaElon Musk’s SpaceX-owned service has installed thousands of terminals to keep the Ukrainian military online.
Leer más »
Tesla’s big price cuts mean ‘a major shift in the EV market’Elon Musk’s company is entering a new era.
Leer más »
Court rejects Elon Musk’s request to move Tesla shareholder trial out of San Francisco | EngadgetA federal judge has denied Elon Musk’s request to move his upcoming trial against a group of Tesla shareholders to Texas.
Leer más »
I performed magic tricks for Elon Musk at a PayPal reunion partyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Elon Musk used Tourette's syndrome as an insult — and it's not okayElon Musk used Tourette's syndrome as an insult. As someone who lives with it everyday, I don't find it funny.
Leer más »
Who is Lee KoGuan, the Tesla shareholder crusading against Elon Musk?Who is Lee Koguan, the Elon fanboy and one of Tesla's largest shareholders who now says Musk has 'abandoned' the EV maker
Leer más »