Companies

Jan 12, 2018

Does Elon Musk hate free markets?

Tesla's obsession with coordinating all stages of production in-house has been trumpeted as part of its genius, but can the dream last?

Jason Murphy — Journalist and economist

Jason Murphy

Journalist and economist

Elon Musk

Elon Musk, CEO of Tesla, is a peculiar billionaire. He seems to have an aversion to markets. Given the choice between buying something and making it, he chooses the latter. While other car-makers outsource, he insources.

Tesla was designed with an enormous footprint.  It built, and owns, the factory where its batteries are made. It runs its own dealer network. Because its cars are pioneering and unique it must run its own Tesla-branded fueling stations and service centres.

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