Is Tesla Motors Inc. the next DeLorean Motor Company?
Since then, Stephen Wynne, a Liverpool born mechanic, started a separate company using the "DeLorean Motor Company" name. They are in the business of restoring DeLoreans with existing parts from the original manufacturer. Recently they announced that they would start selling custom-made electric DeLoreans this year.
How do the founders compare?
However, he resigned from GM to start DeLorean Motors. To raise capital he went to car dealerships and asked for support. In addition, he reached out to countries will high unemployment rates and pitched his dream of creating a stainless steel car. Eventually he ended up getting substantial funds from Ireland and employed over 2000 workers.
Both founders were/are successful in their own respective fields. Successful people are usually successful no matter what industry they are in. The fact that Elon has dabbled in more industries does not give him a significant edge over DeLorean. Also, DeLorean did not have the opportunities Elon had in that the internet did not take off until 10-15 years ago.
How do the revolutionary cars compare?
Winner: Slight edge goes to Tesla
Did both companies become publicly traded?
Disclosure: I own TSLA shares as of the date this article was published.