Some think that Tesla is a tech company, but its main product is cars, so it effectively exists in the auto industry. For years, auto sales have boomed in the US and automakers have raked in profits while Tesla has lost billions. Unless Tesla reverses this trend, it won’t be able to weather a downturn when sales drop and profits vanish. Optimism and skepticism about Tesla’s future are in an all-out war. Those who are bullish on the 15-year-old maker of sexy all-electric cars are doubling down on their bullishness and support for CEO Elon Musk. Those who are bearish are predicting a bankruptcy in the next year, as Tesla burns through all its cash and fails to convince new investors to fund its monumental losses (something like $20 billion for the life of the company). Tesla, at base, is an automaker. But unlike other automakers, Tesla is valued like a rapid-growth tech firm and avidly followed by the … [Read more...] about The contrast between Tesla and the rest of the auto industry is terrifying
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7 ways millennials’ lives are no different than their parents’ at their age
caption It’s like déjà vu. source Scharfsinn/Shutterstock.com Millennials are generally defined as people born from 1981 and 1996. While many aspects of life have changed since their parents were young, others have stayed exactly the same. For example, attitudes around gender roles have barely budged and young people are still seeking meaningful work beyond a paycheck. You could reasonably argue that millennials – the generation born between 1981 and 1996 – have it easier than those before them. You could also reasonably argue that they have it worse. It’s not quite as catchy to talk about all the ways that life has, well, stagnated. But in many ways, research suggests, life is largely the same as it was 30 years ago. Young people are still job-hopping, everyone’s still calling them selfish, and there’s still no magic bullet for finding love. Read … [Read more...] about 7 ways millennials’ lives are no different than their parents’ at their age
7 ways life is harder for millennials than it was for their parents
caption They have a reason to complain. source Strelka Institute for Media, Architecture and Design/Flickr Millennials are generally defined as people born between 1981 and 1996. In some ways, their life is harder than it was for their parents at the same age. Many millennials are struggling financially and emotionally. Even online dating isn’t as easy as it might seem. Everyone likes to think their life is hard – that their problems are bigger and less solvable than anyone else’s. But for millennials, generally defined as people born between 1981 and 1996, that might be true. Many of these 20- and 30-somethings are struggling financially, emotionally, and even in the love department in ways that their forebears weren’t. Here are some of the most significant ways in which life is harder for millennials than it was for their parents. Millennials are less … [Read more...] about 7 ways life is harder for millennials than it was for their parents