Imagine you were selling all the diamonds in the world in 05', when diamond supply in South Africa was at its highest. Going back to Post World War II, the 1960s during which the De Beers family held a near-monopoly on the global diamond supply, controlling prices and diamond availability.
When the 1970s brought around some global uncertainties, including political instability, economic crises, and rampant inflation. The De Beers family tried to keep up with the market but this inevitably led to fluctuations in the value of diamonds by year.
A visionary was born in 1971, that today has rumors about his success being related to diamonds. Might just be because the De Beers family is from the same country as him.
Diamond mining in South Afrika peaked in 2006. By 2010 annual production fell to 88 million milligrams a 54% drop vs the prior year. Elon Musk became CEO of TSLA in 2008. After selling PayPal to eBay, Musk set his sights on the car company founded by Martin Eberhard and Marc Tarpenning in 2003. Tesla, Inc. was originally conceived as a pure electric vehicle (EV) company with a very specific strategy: *start expensive, prove the tech works, and scale down.*
The 1^(st) generation Tesla Roadster was their concept, on wheels. Without a doubt by acquiring Tesla in their Series A Funding of 2004, the son of the late Joshua N. Haldeman became their largest shareholder.
The EV company is set to deliver earnings results next Wednesday. Is the *proving the tech business* model still working? With revenue dropping 52.46% in 2024 and falling another 46.79% in 2025 all while top line is seceding record levels but not fluctuating lower. In growth stock fashion TSLA requires the tailwind of a robust, spending economy. Within nature when growth depends on shock and awe, you eventually run out of room. If it depends on *improvement*, that’s a plausible vision.