I am trying to reconcile the above with my vision of the Prudent Business. Given an acceptable return, be it ROI, ROA, ROC or whatever matters when making one’s go/no go decisions, that a firm would turn down an opportunity to its rivals because Tesla might cannibalize them down the road strikes me as nigh inconceivable. I think that is even more the case because if we take that thought process one further step, then our Prudent Business would have to consider its rival, instead, to be bearing such risk...and were that to come to pass, then not only would our PB have lost the opportunity of having gained said Return, but now would have Tesla as a rival?
Is there something wrong with my view? It’s 0330 here so maybe I shouldn’t be signing or not signing any contracts.....