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While the news of the strange tweetstorm of Elon Musk over the weekend was hitting the wires, Tesla's stock fell on Monday, but it's impossible to know if these two things are related.But coincidentally, I'm in Thailand now, and it's hard to conceive that anyone can remove the halo from the successful rescue of the Wild Boars and their coach from the Chiang Rai's cave, but Musk made it with his offensive tweets.
This is the existential problem with Tesla. The fanboys who tout the stock invariably boast Musk as the reason to own in the face of the 39, huge money burn – $ 9 billion since Tesla became public and $ 4.5 billion in one and a half years.To stick to a business that is not profitable, you had better believe in its direction.It's what do Tesla investors do
CHICAGO, IL – JUNE 14: Elon Musk, a Chicago engineer and technology entrepreneur from The Boring Company talks about building a high-speed transit tunnel at Block 37 at a press conference on June 14, 2018 in New York. Chicago, Illinois. Musk said that he could create a 16-pbadenger vehicle to operate on a high-speed train system that could bring travelers to downtown Chicago and to the international airport Oahre. less than twenty minutes, more than 100 miles to the hour. (Photo by Joshua Lott / Getty Images)
How much of this Musk love is hype against reality is hard to guess. I have never attended a Tesla management meeting, so I have no way of knowing who actually runs the bus in terms of big decisions, but from the outside, it seems like it would Musk. Tesla's most recent 10-Q included the following language:
We are very dependent on the services of Elon Musk, our CEO, chairman of our board of directors and principal shareholder. Although Mr. Musk spends a lot of time with Tesla and is very active in our management, he does not devote all his time and attention to Tesla.
So, to use an expression of badurance, Musk is the "key man" at Tesla, but again, it's hard to say how that translates into daily operations . Former Tesla employees have said that Doug Field, the recently deceased chief engineer, was de facto in charge of Tesla's day-to-day operations. The circumstances of Field's departure are troublesome, to be sure. Tesla's financial information shows that the company's major patents are not owned by the company itself, nor by Musk, but rather by Tesla's Chief Technology Officer JB Straubel. Again, it is difficult, from the outside, to determine the exact role of Straubel in Tesla's daily operations.
From a governance perspective, Tesla's lack of COO is a blatant weakness, especially since Musk is very involved with other companies, including SpaceX and The Boring Company. When Musk engages in wars via e-mail, as with former employee / current whistleblower Martin Tripp, or takes on his most dreadful baseless accusations against Vernon Unsworth, an impartial observer can worry about his mental state. I certainly do it
Blind faith is not a profitable investment strategy. While Netflix's shares plummet after trading hours on the company's reports of weak subscriber growth, this is yet another reminder that numbers are important. The cash flow never lies. Tesla, as a practice, has not yet released a date for its second quarter results. After the disaster of the last teleconference, investors will be extremely focused on management's performance in this call. He does not ask me my opinion, but if he did, I would advise Musk to fully pbad the call and leave these duties to Chief Financial Officer Deepak Ahuja
No reasonable badyst would attribute a $ 60 billion business value to Tesla. perilous financial, but this is the current valuation, and this figure clearly includes a "premium Musk". If Musk continues to post a behavior that could be described as unbalanced, however, this premium could quickly become a discount, and Tesla's shares would undoubtedly suffer.
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While the news of the strange tweetstorm of Elon Musk over the weekend hit the wires, Tesla's shares fell on Monday, of course, it is impossible to know if these two things are related.It is hard to conceive that anyone can remove the halo from the successful rescue of the Wild Boars and their trainer from Chiang Rai Cave, but Musk l & rsquo; did it with his offensive tweets.
This is the existential problem with Tesla, who invariably claim the title of Musk as the reason for owning it in the face of the huge money burn – 9 billion dollars since Tesla went public and $ 4.5 billion in the last year and a half.If you are going to stay with a company that is (19659011) CHICAGO, IL – JUNE 14: Elon Musk of The Boring Company, engineer and technician from Chicago, talks about building a high-speed transit tunnel Block 37 at a press conference on June 14, 2018 in Chicago, Illinois. Musk said that he could create a 16-pbadenger vehicle to operate on a high-speed train system that could bring travelers to downtown Chicago and to the international airport Oahre. less than twenty minutes, more than 100 miles to the hour. (Photo by Joshua Lott / Getty Images)
