Did the Tesla Story Ever Make Sense?
nytimes.com
nytimes.com
I suspect Krugman is being deliberately dishonest here. The use case is censorship-resistant money. Not just money laundering, but any use of money outside national jurisdiction. This includes routing around capital controls, civil asset forfeiture threats, and increasingly draconian financial surveillance. Not just in developing countries and in dictatorships, but in western-style democracies.
It's understandable that the privileged like Krugman hate this idea. It's not unlike thinking that the Internet's effect on the economy will be no greater than the fax machine. Krugman wasn't the target user then and he isn't now.
Isn't it batteries? Once you have rechargeable battery mass production you have transport, home, and industrial energy solutions.
>These days, Microsoft has a better reputation than it used to.. Krugman also reminds us how hated Microsoft was, yet still successfully sold software. Maybe Tesla need not worry much about reputation damage.