Paul Krugman says Elon Musk's Tesla can never be a 'profit machine' like Apple, because there's no scope for that in the car industry
Tesla is unlikely to ever become a 'profit machine' like Big Tech rivals Apple and Microsoft, Nobel Prize-winning economist Paul Krugman has warned.
Nora Tam/South China Morning Post via Getty Images
- Tesla is never going to rival Apple or Microsoft as a "profit machine", according to Paul Krugman.
- It's impossible to establish an unchallenged monopoly in the car industry, the Nobel Prize-winning economist said.
- Tesla CEO Elon Musk has also destroyed his "image of cool" in recent months, Krugman added.
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