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A Word (Or 900) On Tesla
Since he stepped down as co-POTUS in April, I lost track of the daily melodrama that is Elon Musk.
Musk alienated a lot of people. I would not short him, but I won’t ever knowingly buy or subscribe to his services again either. Probably doesn’t matter, but it doesn’t help.
“Energy and storage.” We all know that Tesla does storage; their solar panels have historically been sourced from third parties except for their roof, which isn’t a big seller. It’s a seller’s market for batteries and Tesla’s are fine, but I don’t see any growth potential of generation, for them… Unless:
How much of their E&S revenue comes from self-dealing with the likes of TwitX to power the energy needs of the AI boom. Are Tesla, too, caught up in the capex web? That’s probably hoping for too much.
Thank you for the reminder not to bet against the man. I couldn’t bring myself to buy Musk when you brought it up (coulda, woulda, shoulda) but I certainly won’t short him!
Will his companies work if those all those different subsidies were taken away ?
SpaceX might.
Gwen Shotwell built SpaceX and it’s a fine growth engine. If anything, the Musk-aligned Starship project is an enormous risk and drag on their near-term P&L. They needed a bigger rocket but not THAT rocket – optimized for interplanetary travel and chock full of ego-boosting unproven moonshot engineering choices.
I’m old enough to have seen this sort of thing before. Edwin Land, inventor of the Polaroid camera set an original goal for his camera and his company in 1948. Starting at that time the product was repeatedly revised and improved to finally reach the original goal, made manifest as the SX-70. Funny thing, the digital revolution rather erased the whole deal. Not everything Nicola Tesla himself did worked either. But without him we would not have the power grid and the electrical revolution. Many geniuses, think Thomas Edison, Henry Ford … have preceded Mr. Musk and many more will follow. His life will be his limit as has been the case with many others of his ilk. Remember those of us who buy TSLA stock do not actually put money into the company. We don’t invest in him. We buy the TSLA stock from someone who doesn’t want it any longer an a secondary market. The seller gets our money, not the man or his company.