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Personally, I think Elon Musk wants out of Tesla. The things he did lately, all point to this conclusion. Maybe he lost vision or interest in the company, but l
by dragosmocrii 8y ago
Personally, I think Elon Musk wants out of Tesla. The things he did lately, all point to this conclusion. Maybe he lost vision or interest in the company, but leaving from his own will would jeopardize the future of the company, since most of Tesla's backers are fans of him. Arranging himself an exit in this way, would make it look as he's the victim left with no choice but leave.
- qume 8y agoVery thought provoking. I'd like to add that this could be the case 'subconsciously' without him realizing or rationalizing it to himself.
- deleted 8y ago[deleted]
- dragosmocrii 8y agoContinuing my original thought. This guy has been married to this company and it's what brought him the fame he has today. Surely, he was successful before starting Tesla, but at least from how I started to know about him, it's as Tesla's CEO.I can only imagine that subconsciously he feels very connected to the company. I've deliberately used "married to Tesla" because i wanted to make an analogy here. I know very well that some people can start acting very weird in a relationship if they don't feel committed anymore, but at the same time do not have the courage to have a clean exit. They would make all kind of stupid shit to make the perfect scenario to arrange an exit where they would be victimized and their ego would take minimum damage. In my opinion, Musk's personality matches the aforementioned type very well. Again, this is just my personal opinion, and food for thought, as someone's reply. Time will tell.
- deleted 8y ago[deleted]
- geezerjay 8y ago> Arranging himself an exit in this way, would make it look as he's the victim left with no choice but leave. ...which would be very convenient if he believed there was no way to meet the company's targets and fix its problems, thus being bound to failure. ...which, coincidentally, is what short sellers also believe and have been warning about for ages. Thus the "I was forced to leave" spin would be an effective excuse to avoid the blowback and the stigma of failing to perform and deliver on his promises that the company was viable while it wasn't.
- imhoguy 8y agoHe is going to leave and do the promised buyout. The stock price is bargain. Tesla will be privately held company soon. My $0.02.
- dragosmocrii 8y agoCurious note I found while trying to validate your claim that current stock price is bargain: if you look at the stock price on Google for the past 5 days, the graph looks like a neural network tried to reproduce Tesla's logo. Going back to your claim, I dont think a current price of $300 per share is bargain. But with his current behaviour, I can see that happening in the near future.
- geezerjay 8y ago> Going back to your claim, I dont think a current price of $300 per share is bargain. Just to drive the point home: what's Tesla's dividend per share?
- dnadler 8y agoObviously, that's a disengenuous argument. Many companies that don't pay dividends are (rightly) valued based on future growth and warnings estimates.
- bjl 8y agoHe'd bankrupt himself if he tried to do that. If the share price drops to low all his creditors will margin call him, which would wipe out the vast majority of his wealth.
- Clomez 8y agoAm i right that Tesla is his first publicly traded company? Maybe the pressure of continuous spotlight on him + need to keep up with stable CEO status is wearing him down? I no way know him or am able to fully state this as a fact but i feel like lately he seems like he has been under huge pressures, and does not like it. Maybe he just likes to invent and engineer things. Like much worse version of innovative coder/engineer who's inspiration and moral is crushed by soul-eating-meetings day after day after day.
- mandeepj 8y agoSeemed like an interesting thought when I read it yesterday. But, after reading this article [0] today - it's clear he did not want to come out of Tesla otherwise he'd not threaten his board with resignation. [0]- https://www.marketwatch.com/story/heres-how-teslas-elon-musk-got-a-worse-deal-than-the-sec-first-offered-2018-10-02 https://www.marketwatch.com/story/heres-how-teslas-elon-musk...