Palantir Co-Founder Peter Thiel On How Elon Musk Conquered Both Automobiles And Space—And Why He'd 'Never Bet' Against The Tesla CEO

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What Happened: In a conversation with Jason Calacanis, Thiel explained that Musk succeeded partly by choosing “weak competition.”

He noted that while traditional car companies and the U.S.aerospace sector had “barely innovated in 50 years,” Musk entered these industries with strategic foresight.“If you’re going to start a search company, that would be tough because Google's a really tough company… going up against General Motors… and Lockheed, you're at least picking pretty weak competition,” he stated.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: News Stories That Matter People In Tech Tech Tesla Benzinga neuro Benzinga Peter Thiel General Elon Musk KeyProj SpaceX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 01:23:26 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23577989

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