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Elon Musk’s Basic Economics

SpaceX Engine Test Bunker

Economics of Entrepreneuring Imagine a $2,000 car… or a $100 laptop… or a $70 iPhone… or imagine any product ten times cheaper than it was. Imagine the fundamental market change that would bring. Imagine the amount of demand there would be for that $2,000 car or $100 laptop or $70 iPhone. That’s what Elon Musk imagined 15 years ago when ...

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