Tesla scares the bejesus out of the car companies because he could very well come in from the side and own the entire industry because he's already patented all the technology needed to actually build these cars.
Electric cars existed well before Tesla, and continue to exist outside of Tesla. Many of their patents are very niche focused, things like charging plugs (there are plenty of alternatives, used in high power connections for decades) or the like. As far as scaring, Tesla still hasn't turned a profit on their cars - they only "make" money if you include the Government redistribution of carbon taxes - which is set to expire in about 2 years. Tesla not making profit on their cars by then? Good luck after that...
It's a sad state of affairs in the USA that almost every public company, without question only looks as far as their next quarterly report, and no further down the road. This is why all these businesses are run by idiots that can't even tell you what their company even *does*, because they are so focused on manipulating the stock price and their personal bonuses.
One reason the Japanese kicked our asses in the 1980's is that they were looking at 10-year plans while the USA looked only to the next quarter. Now the Chinese are doing the same, with long-term strategies, and we continue to have not learned our lessons.
I don't doubt that long-term strategy is important, but focusing exclusively on that is the sure road to ruin. For example, the Japanese were kicking our asses in the 1980s. How did that turn out? To win at business, you need to maximize your current position without harming your future growth. It's a tough line to walk, but you need both - or you either kill your future for the present, or simply cannot survive to the future.
Not thriving? The energy industry in the US is insanely profitable.
Interesting. How profitable is the US energy industry? Looking at the latest tax returns of ExxonMobil, Chevron, Texaco, it looks like they make about 7% return. I wouldn't call that insanely profitable at all...
The money that has been taken has been backed with T-bills. Financially, it's as if the money was never taken out in the first place. Nevertheless, Social Security is now running in the red (drawing down on those T-bills) and will continue to do so until it's out of cash sometime in the next 20-25 years. Thus the talk about raising the tax rate, or lifting other exemptions (without raising the equivalent max benefit), or other means to increase funding without increasing expenses.
Social security is, in fact, behaving as a classic Ponzi scheme, except to keep the scheme going the schemer (US Federal Government in this case) is planning to charge late entries even higher rates to invest in the scheme. The problem is not use of funds now - the problem is structural. It will not survive long term without restructuring because it promises to pay out more than it receives - like a Ponzi scheme.
I'll take one that is *missing* a few parts for a fraction of the price.
You bet! Buy a 'bot, find the parts that are missing, print new ones, and...
Oh wait...
Work continues in this area. -- DEC's SPR-Answering-Automaton