Of course the article is correct. The real question about Musk is if he is just naive and really believes his own bullshit, or if he is really a psychopatic liar who doesn't give a shit about investors who believe in his future visions. (oh yeah, hyperloop my ass)
I mean the guy lies constantly. Nothing he ever promises is on time or under budget. Gigafactory? A complete waste of investors money and misleading the Nevada officials who voted for it. Powerwall? Bailing out the extra capacity of the Gigafactory. SolarCity merger? Bailing out his cousin.
In the main time, get ready for the next equity raise/stock dilution, aka Tuesday in Tesla circles....
I agree with much of what you say.
Musk has Trump's flair for self promotion. Earlier this year he said that he was going to sell 90K cars but he was only producing 20-30,000 a year. I think he only had 1 assembly line running and he was working on the second one. But he was producing the Tesla S, the new SUV and then he introduced the Tesla 3. You can't produce that many cars on 1 line and you can't get a new car designed and lined up for production in 1 year.
I read a few weeks ago that they have a second production line being assembled but it still takes several months to design and implement. But it must be a good one, because the author of the story said that he was surprised at the automation and the absence of people on the line.
He has a lot going on .....Rockets, solar panels, electric grids, cars, missions to Mars. The mans stays busy. This week he announced that he wanted to introduce a solar roof. Not a roof with solar panels, but a solar roof integrated into the home.
The man thinks big, but in spite of his financial resources, I am not so sure his pockets are deep enough to make the dreams come true. He needs to start making money.
He doesn't make most of the deadlines that he sets for investors but he eventually crosses the goal line.
The man certainly has chutzpah.
But he does have a big following.
Zuckerberg and FB remind me of Tesla, but at least they are making money. I remember hearing an earnings report from Zuckerberg and he said (at that time ) that within 2 years that FB would be used by 5BN people. ....They aren't even 5BN people in the world that have electricity.
And no one mentions that 30 percent of the FB accounts are inactive (like mine) and that many of the users have multiple accounts. Last week or so, I think they said that they had 1BN daily users. I assume that was entries. I want to know what percentage of those entries are from the same user.
The financial press never holds these people accountable for their remarks.
Yeah, Musk does some serious boasting but he has plenty of company.
