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To be fair, he's not entirely wrong. I guess people just don't expect this type of response. But then, acting within the confines of normality isn't really the
by imdsm 8y ago
To be fair, he's not entirely wrong. I guess people just don't expect this type of response. But then, acting within the confines of normality isn't really the trait that may bring the dawn of a new era of humanity.
Interestingly though, markets are reaction to this response emotionally.
- Semirhage 8y agoBut then, acting within the confines of normality isn't really the trait that may bring the dawn of a new era of humanity. Truly, this sounds divorced from the reality of anything Elon Musk is involved in. He’s making electric cars, rockets, and solar panels, not fusion power or immortality pills. Let’s be realistic! I think it’s important to separate what he actually does from what you desperately hope he may someday do.
- trophycase 8y agoIf colonizing a new planet isn't a new era of humanity, I'm not sure what is...
- s_kilk 8y agoHe hasn't colonised a new planet, and frankly my wager is that he never will.
- historylurker 8y ago>If colonizing a new planet isn't a new era of humanity, I'm not sure what is... Do you credit Musk with coming up with the idea of getting to Mars?
- s2g 8y agoHe's never going to colonize mars. It's not possible with out current level of technology. He might kill a bunch of people trying.
- xkjkls 8y agoTesla isn't doing that though.
- JumpCrisscross 8y ago> markets are reaction to this response emotionally I don't think so. The material takeaway is Tesla will need to raise new capital in 2018. The numbers implied it. The market previously guessed Musk had some genius plan to avoid it. On this call, the lack of such a plan became evident. Dilution and/or increased default risks/interest costs are being priced in.
- danso 8y agoEr, why is asking for something fundamental to running a business (i.e. "How much money do you have/need?") a partly boring/boneheaded/uncool question?
- kneel 8y agoBecause he's Elon Musk and he doesn't care about investor returns, he wants to build rockets, cars, tunnels, and explore space. No matter what he does he'll more than likely be fine on the money side.
- JumpCrisscross 8y ago> he's Elon Musk and he doesn't care about investor returns Then he shouldn't be the CEO of a public company which continues to sell stock and debt to investors on the promise of a return. Also, Elon Musk very much does care about returns. He has a great track record in that department. He's just learned it's not something that's healthy to focus on in the short-term. Unfortunately, running out of cash forces the compression of time horizons. The latter is what investors are rightfully worried about.
- kneel 8y agoI think what he did is awesome. Who cares what wall street thinks? They're mostly a bunch of leeches passing around paper and overreacting to news articles. Tesla will be fine.
- baxtr 8y agoEmotional responses on both sides then?
- jacquesm 8y agoThe emotion seems to have been mostly on Musk's end of the line. > But then, acting within the confines of normality isn't really the trait that may bring the dawn of a new era of humanity. Tesla is not bringing 'the dawn of a new era of humanity', it's an electric car manufacturer. They came and went and now they're back.
- pvg 8y agothat may bring the dawn of a new era of humanity. They make cars.
- deleted 8y ago[deleted]