Tesla:
Vehicle production: 367,000
Revenues: $25 billion
R&D: $1.5 billion
Employees: 45,000
Volkswagen:
Vehicle production: 11 million
Revenues: $278 billion
R&D: €13 billion
Employees: 300,000
Yet, in Market valuation, Tesla is ahead of Volkswagen.
This points to 2 things which are important to register.
First, that the American business environment allows for future centric innovation and technology for the sake of commercial success. Secondly that the ‘business of America is business’ and therefore nothing stands in the way of disruption and elimination of even the biggest most revered business enterprises, institutions or incumbents.
This cycle of innovation, disruption, destruction of old and inefficient and renewal of the economy is unique to America today.
India with its young population, huge domestic market, intelligent workforce, technical prowess , management talent and first generation entrepreneurs must learn from America and actively collaborate with it.
The more open and welcoming our economy the greater will be our might as a nation
#India #america #capitalism #democracy# #innovation