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May 1, 2019 by Kyle Field
Chamath Palihapitiya, founder of the Social Capital hedge fund and one of Facebook's very first leaders, complained this week to CNBC of how Tesla is "the big winner of electrification." electric vehicle and is currently the market leader in the market. Palihapitiya also called Tesla's CEO, Elon Musk, the Thomas Edison of our generation.
In the interview, Palihapitiya said nothing about his belief in Tesla and, perhaps more than that, his ambitious, visionary and sometimes controversial CEO. "This is done.This die has been thrown.Now the question is to know if it can build the infrastructure.If I have the time and patience needed, I think it will do it, "said Palihapitiya.
Not really the shirt that he wore. Image credit: Chanan Bos | CleanTechnica
Palihapitiya itself is at the heart of a major transition as it moves away from its goal of generating consistent and optimal returns for clients by maintaining a portfolio of diversified risks and returns. His new interest is to find the very big fish and cultivate this handful of investments with a much higher level of investment and attention in order to generate disproportionate returns for the extra effort. Tesla, it seems, made the cut and remains at the top of his list.
Typical investors focus more on the ups and downs of the information cycle, even more so on the fundamentals of a company. With Tesla, he said, this cycle is resulting in an unstable investment atmosphere that has led to a stock price that has become one of the most volatile in the stock market. Palihapitiya explained how a simple tweet from Musk, on Tesla or other, can raise or lower the stock and can cause multiple entanglements with the SEC.
Not a real picture of Elon Musk in a diving suit. Image credit: Chanan Bos | CleanTechnica
Apart from paparazzi, Palihapitiya sees Tesla as the iPod of electric vehicles, comparing Audi's all-new e-tron with Microsoft's Zune media player. Zune, you could ask? Yeah, it was a very short-lived portable media player, disabled by DRM. On the surface, it looked a lot like Apple's iPod, but without the simplistic design of Jobsian and its experiential user interface that contributed to the success of the iPod.
"My point is, who cares? Your job as a savvy investor is to separate fact from news from fiction and noise, "said Palihapitiya. This is ultimately the crux of the debate. Chamath considers that Musk's bold vision and solid performance have always been effective over the 15 years of Tesla's existence. Of course, goals do not always come true when he says they will, but eventually they will come to fruition. A quick glance at Tesla's plans and master plans reveals that the company has achieved its ambitious goals.
These goals are supported by strong demand that far exceeds Tesla's ability to build and ship vehicles to customers around the world. "Tens of thousands of consumers buy this car faster than they can take it. It does not change that as soon as you sit in that car, your definition of what is expected is changed forever, "he said.
That, my friends, is the crux of the matter. Tesla has redefined what is a modern vehicle. It has created a market for electric vehicles and is, to date, the only serious high volume player in the field.
Chamath has a long history of being very optimistic about Tesla and has the merit of (Wall) Street to support his bold statements. As CEO and founder of Social Capital, he generated 31% returns for his investors, while noting that Tesla was a very dangerous stock last year. For his part, Jim Chanos, spokesperson for the short film Tesla, said: CNBC that, "Jim Chanos earns money once a decade. While the market is torn, the guy is bleeding money. "
Nor is he optimistic about the companies in the automotive industry and has no problem in exposing his point of view. On the BMW 3 Series, Palihapitiya gave no fist and spoke about Tesla's capabilities and demonstrated performance in the segments it occupies. segment with the X model.
This story made him optimistic about Tesla's model 3 prospects, particularly because of its ability to generate demand, as evidenced by the more than 400,000 car bookings of people who had probably never seen anyone. For BMW, the outlook is bleak. As Palihapitiya said, "this whole thing is going to go to zero". The key measure for him is the sales of BMW 3 Series (and other similar vehicles of the segment). The fall in sales of BMW, Mercedes, Audi, etc., clearly indicates that customers are moving towards Tesla.
Source: CNBC via Lady Tesla
About the author
Kyle Field I am a technology lover, passionate about finding concrete ways to reduce the negative impact of my life on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need it. TSLA investor.
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