A clinical professor of marketing in New York made a strong prediction for Tesla electric car maker, saying the Elon Musk-led company is likely to lose 80% of its value or disappear altogether. The forecast, which was posted on Twitter, has received polarizing feedback from users of the social media platform.
In a blog post, Galloway claimed that while he believes Tesla has changed the world for the better, the company simply lacks the scope to compete in the well-developed, low-margin segment, which is the auto industry. "Dear Twitter trolls: yes … I'm an idiot, I can't, so I study, and I don't understand genius. It's a game of energy / energy. I understand … Save your breath. Yes, he's a genius, Tesla changed the world to better … I believe that. And … Tesla has no scope to compete in a well-developed, low-margin business ̵
The Galloway outlook for Tesla is quite interesting given that it seems that the company didn't learn to optimize anything operating from its Model 3 ramp in Fremont, California. It would be interesting to see how accurate the New York University professor's announcement will be in the coming years, especially when Gigafactory 3 is fully released online, and the electric car maker is launching Model Y.
Not only Tesla has a tough Galloway prediction , a marketing veteran also claimed that startups WeWork, Robinhood, Lyft and OYO will lose 80% of their value or disappear altogether.
This is not the first time that Scott Galloway has released the city of Tesla or its CEO Elon Musk. Last year, a professor at New York University called Musk, Jack Dorsey and Twitter's Jerry Dorsey for the Larry Page alphabet for "not acting like men." In a remarkably interesting twist of irony, Galloway betrayed this city of Mask, Dorsey, and Page until he wore a tie himself.
"In our society we no longer worship the altar of kindness and character, 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 don't act like adults or act like men. all dads to Elon Musk, Jack Dorsey and Larry Page to one, postpone that rush, put on a tie and show up. Respect for institutions, humility is what makes a person, "he said.
Scott Galloway himself founded several companies, including L2 Inc., a business intelligence firm that was sold Gartner has also been a member of the board of several high-profile companies, including Eddie Bauer, Urban Outfitters and The New York Times.