8/05/2018

VOLATILE ELON MUSK VISIONARY


THE LAST TIME Elon Musk addressed the analysts who follow Tesla, his electric car company he was to say the least - RUDE:

'' Boring, boneheaded questions are not cool,'' he told the analysts. ''These questions are so dry. They're killing me,'' Musk complained.

Predictably, the outburst led to a selloff  for Tesla shares - one the company can ill afford. On Wednesday, later the same week he got another chance, when Musk was once more to explain to his investors, what was going on at Tesla.

Gene Munster, a managing partner of venture capital firm Loup Ventures, has been a long long-time fan of Tesla and Musk, and even he conceded another angry performance from Musk would be ''disaster''.

'Investors have made their feeling known. If they ignore that, it would be sign that he [Musk] has gone off the rails,'' he said.

And in the time since they last talked, Musk has shown plenty of evidence that he has, steering the company and his reputation into a multi-car pile up of scandals  that has left some wondering whether he can walk away.

The low point came earlier last month when Musk baselessly accused British diver Verrn Unsworth of being a "pedo'' after Unsworth had the temerity to criticize Musk's offer to provide a mini -submarine to help rescue the boys trapped in a Thai cave.

''Unsworth called it ''a PR  stunt [with] absolutely no chance of working.''

Musk has also used Twitter, where he has 22 million followers, to go after journalists. He has also attacked short sellers - investors betting on a collapse in Tesla's  share price - for what he sees as a  concerted attempt to undermine the company.

Tesla has faced series of investigations into crashes - some fatal. Musk has been in a public spat with a former employee who says he blew the whistle on dangerous work conditions.

Musk calls him a ''saboteur.''

The company and Musk have also had to come out to defend a decision to ask for rebates for funds given to US suppliers, a move critics charged shows how badly Tesla is in need of cash.

None of this news has won him new friends.

"Elon Musk is a total fraud,'' and Tesla is a company ''best known for blowing deadlines and consistently falling short on production,'' wrote New York Post.

''Is Elon Musk too volatile to run Tesla and Space X?'' Fortune asked later in the same week.

The Honor and Serving of the latest Operational Research on Elon Musk and Tesla continues.

0 comments:

Post a Comment

Grace A Comment!