Losers and Winners

by Bob Schwartz

 


In the first Presidential debate, which Barack Obama lost, Mitt Romney directly attacked the President on government support for energy innovators:

“Now, I like green energy as well, but that’s about 50 years’ worth of what oil and gas receives. You put $90 billion — like 50 years’ worth of breaks — into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said, you don’t just pick the winners and losers; you pick the losers.”

Today, that “loser” Tesla won. The Tesla Model S was named by Automobile Magazine as the 2013 Automobile of the Year:

The auto industry is tough enough for a giant like General Motors. What we can say with this award is that Tesla deserves to succeed. It has managed to blend the innovation of a Silicon Valley start-up, the execution of a world-class automaker, and, yes, the chutzpah of its visionary leader [Elon Musk]. The result is the Model S. It’s not vaporware. It’s our Automobile of the Year.

Sometimes picking winners and loser is difficult. Sometimes it’s not.

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