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Tesla will & # 39; disappear & # 39; or & # 39; losing 80% & # 39; of its value, predicts NYU professor




A clinical professor of marketing at NYU has given a strong prediction to electric car manufacturer Tesla, saying that Elon Musk-led company is likely to lose 80% of its value or disappear altogether. The divination, whose most important was posted on Twitter, has received polarizing responses from users of the social media platform.

In a blog post, Galloway claimed that although he believes Tesla has changed the world for the better, the company simply does not have the scale to compete in a well-run, low-margin segment that is the automotive industry. “Dear Twitter troll: yes… I'm an idiot, I can't, so I'm learning, and I don't understand genius. It is a technical / energy leak. I get it … Save your breath. Yes, he is a genius, Tesla has changed the world for the better (I think this). And … Tesla doesn't have the scale to compete in a well-run, low-margin business ̵[ads1]1; auto, ”Galloway wrote.

Galloway's prediction against Tesla is quite interesting, given that it seems that the company has not learned something about optimizing its business from its Model 3 ramp in Fremont, CA. It would be interesting to see how accurate the NYU professor's statement will prove to be in the coming years, especially as Gigafactory 3 goes fully online and electric car manufacturer begins producing Model Y.

It's not just Tesla who has received the Galloways terrible divination. Apart from the electric car manufacturer, the market veteran also claimed that the startups WeWork, Robinhood, Lyft and OYO will lose 80% of their value or disappear completely as well.

This is not the first time Scott Galloway has issued a takedown by Tesla or CEO Elon Musk. Last year, NYU professor Musk, Twitter & # 39; s Jack Dorsey and Alphabet's Larry Page urged "not to act like men." In a video explaining his points, Galloway told the leaders to "put down the blunt, put on a tie and show off." In what is a rather curious irony, Galloway issued this removal of Musk, Dorsey and Page while not himself had a tie.

"In our society we no longer worship at the altar of kindness and character, we worship at the altar of innovators and billionaires. And our new heroes are people like Elon Musk, Jack Dorsey or Larry Page from Google, but I would argue that they do not behave like adults and that they do not act like men. It feels like we need a collective note from all the dads to Elon Musk, Jack Dorsey, and Larry Page to one, put down the mute, put on a tie and show up. Respect for institutions, humility – that's what makes a man, "he said.

Scott Galloway himself founded several companies, including L2 Inc., a business information company which was sold to Gartner for one amount not disclosed. He has also served on the boards of several high-profile companies, including Eddie Bauer, Urban Outfitters and The New York Times.



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