How Tesla and Elon Musk reshaped the auto industry

By David Silverberg | Washington Post

Journalist Hamish McKenzie spent a year working for Tesla, but he makes clear at the outset of his book, “Insane Mode: How Elon Musk’s Tesla Sparked an Electric Revolution to End the Age of Oil,” that this is no insider’s story. “I will leave that work to the gossip blogs,” he writes. Instead, he seeks to spotlight the company’s strategy in the context of the auto industry’s identity crisis. He interviews auto experts and electric-car CEOs to illuminate how Tesla paved the way for imitators seeking a foothold in the clean-energy game.

McKenzie introduces us to Musk, the mercurial entrepreneur who was bullied in South Africa and later won acclaim as a co-founder of PayPal; that success plumped him with enough capital to launch both Tesla and SpaceX, his aerospace manufacturing and transportation company. In 2018 Musk’s unpredictable nature was center stage: In August he shocked investors by claiming on Twitter that he had financing to take Tesla private, an assertion that Musk later said was a joke but that sparked a Securities and Exchange Commission investigation resulting in his departure as board chairman. In “Insane Mode,” we’re treated to the wildly quotable Musk professing his oft-reported mottos, such as: “Starting a company is like eating glass and staring into the abyss.”

Musk, McKenzie argues, is driven not by profits but by upending the auto infrastructure across the world. But it’s no easy task to enter the auto industry. In a pithy few pages, McKenzie outlines the roadblocks ahead for anyone brazen enough to try: If a newcomer can actually fund engineers, lawyers and designers, and efficiently manufacture a product on a massive assembly line, then that newbie “can expect skepticism, hesitation, and in some cases active disparagement” in the quest “to reach more customers. Get ready to do a lot of explaining.”

Certainly Musk has succeeded where others have not. In October Tesla pulled in a profit for the first time in two years. By contrast, Faraday Future, based in Los Angeles and funded by a Chinese billionaire, so far has little to show for its impressive ambitions. Telsa, however, hasn’t been immune to missteps. The company has repeatedly missed production targets, leaving consumers in limbo waiting for their vehicles to roll off the line. The company even had to get rid of some color options for its Model 3 sedan to streamline production. In China, a

Source:: East Bay – Entertainment


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