Tesla is a chain of startups, Elon Musk describes

Today throughout a call with investors and journalists, Tesla CEO Elon Musk was asked to expand a tweet from yesterday. In it, he mentioned: “ Tesla must truly be considered roughly a dozen innovation startups, a number of which have little to no correlation with conventional automotive companies.”

In short, he described there are over a lot of startups in Tesla, and he sees every line of product and plant as a startup. It’s an intriguing point of view from the top of Tesla, a car and truck manufacturing company that also develops batteries, home solar panels, and, among other things, is looking to provide vehicle insurance coverage, too.

Beyond vehicle production, Musk indicates insurance when inquired about the development capacity. He says the insurance service might become 30-40%of Tesla’s car company.

This technique relatively works well for Tesla, which continuously presents updates to existing products at an uncommon pace. Brand-new features show up without much caution, and it makes good sense when Tesla is dealing with various automobile element divisions as a collection of companies rather than a collection of departments.

According to Musk, some of the so-called startups consist of autonomy, chip style, automobile service, sales, creating a drive unit, motors, supercharger network, and, soon, insurance.

” The thing individuals don’t comprehend about Tesla is [the company] is an entire chain of start-ups,” Musk said.

He concluded there are no plans to spin out any organization, keeping in mind there’s no need to include complexity.

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