e It’s amazing how self-esteem and track record can diverge. The electric vehicle manufacturer has no 30,000 cars Tesla shipped in the first quarter, $ 3.4 billion implemented and a total of more than a billion dollars of money burned. By contrast, Ford has delivered 1.67 million vehicles, $ 42 billion in revenue and $ 1.7 billion in new funds.
Nevertheless, Tesla founder leads himself Elon Musk in a way that was not expected of him, but probably would not be seen by Ford boss Jim Hackett.
Dry, boring and “not cool” are the questions analysts ask for details of sales figures. Outrageous the question of accident numbers of self-driving vehicles. And the billionaire did not want to talk about possible capital requirements.
Musk was much more interested in private investors Youtube celebrate. Musk had made the impossible, he had made the conference call on numbers “cool,” it said. And Musk’s statement, to whom the stock is too volatile, that should not buy them, it is called “good entertainment” and “I love honesty.” The success was there. “Elon” has a mission and the drive to create a better future. He does not do that for money, wrote a user. He will definitely buy Tesla shares, another.
Donald Trump sends his regards
Musk just knows where he’s going. For private investors who value the promise of salvation higher than economic success and who no more than he wants to deal with details. Basically a behavior as the President of the country shows: Bored with details, annoyed by criticism, one takes the bath in the crowd where approval and applause are certain. Maybe Musk feels critical questions like the bullying that he’s been exposed to in his childhood.
Musk reveals a mixture of denial of reality and calculation. He ignores the rather negative aspects of high losses and the destruction of money. Instead, he promises profits in the second half of the year, to which, however, the least of the annoying analysts believe. Promises to make future largely largely without the controversial for child labor in Congo controversial cobalt in batteries and points to the lowest cost per kilowatt hour of all manufacturers. Presented as a visionary and not as an entrepreneur. The height of the contempt of the commercial was well his accidental April Fool when he announced via Twitter the bankruptcy of the company.
Enfant terrible or blinded?
This contempt, even ridiculing of the capital market, could be his case especially if he needed the capital market (unforeseen). Musk does not expect that, some of the snubbed financial market experts already. And investors are also people who do not like to be shown.
Trust in charisma and a fashionable future idea may be enough to some extent, but you have to deliver at some point. On the financial market Musk’s behavior was not particularly appreciated on Wednesday: the share price, which had held up well despite the record loss despite the record loss until the events during the conference, then ultimately fell 5 percent to $ 287.46.
Whether Musk is only an enfant terrible that can still lead his project to success or whether the billionaire already blinded by his media success believes everything that is written about him to Elogen, must first show. It would certainly be desirable for all involved the former.
Just relying on a fan base could be a bit too little. Because their means are limited. But maybe Musk does not care, because he could feed Tesla out of his own fortune without any improvements for at least another three years. And without the conviction that the dotcom company Zip2 and Paypal once succeeded in making Tesla triumph, one does not need to start such a project. But to hubris and overconfidence, it’s always just a step.