To drive innovation one needs to be an eternal optimists - it is this quality that keeps the fire of innovation burning in spite of setbacks and deliver futuristic lifestyle altering products . At the same time, I agree that optimism to willfully mislead people is wrong. Each one of us have to come to their own conclusion. Reducing Bitcoin holding by 75% was a correcting a hedging decision that did not work out ( better late than never). Such decisions are happening everyday in the financial companies and Hedge Fund companies.
I’m all for innovation, but it requires a couple of essential qualities:
- the recognition that not everything will be a good idea or successful. Tesla and the hardcore supporters see to struggle to accept that. Many arguments revolve around the acknowledgment of the failings.
- not killing off dead in the water ideas. Solar should just be dropped, at least for now. The only thing I can think of is the plaid+ model. Everything else has just gone backwards in time.
- innovation stopping at the advanced prototype stage. Too many things seem to get to a 60-80% state and then they’ve moved on to the next thing. Auto wipers, auto headlights, blind spot camera, sentry mode, dashcam. Nothing ever feels quite finished and slapping “beta” on loads of things doesn’t excuse them of that.
- inappropriate or incoherent lines of innovation. Maybe this is me confusing Musk with Tesla, but the neural implant, the robot thing, I don’t get what they have to do with Tesla values and yet get airtime on investor days. To me they look like a diversion to deflect from under achieving elsewhere
- on a similar line, bitcoin was nothing to do with cars, or hedging against China, it was about Musk flexing his influence to unsettle the regulators and markets. That wasn’t innovation, it was pure disruption which isn’t the same thing.