What @JeffKeryk Hasn't Told You!

[alarmguy]

Seems the US military wants Elon.

The guy is certainly a visionary.

 

[Slow Car Sport Mode]

Robert Downy Jr. has stated he patterned his Stark character after Musk.

Those who dislike Elon tend to dislike disruption and think the status quo is the correct way. Human nature to a large extent.
Measuring him and his companies with traditional metrics is using the wrong tool for the job. The results show it doesn't work.
Living in Silicon Valley gives you a different perspective; we are a land of disrupters; we embrace change and take risks.

Elon Musk is a fearless leader; certainly not a follower.

The more I know about Mr. Musk the more I know that he acts how I think.

Roll in like a hand grenade...

 

[UncleDave]

And he can't dance.

outside of ballroom dancing - I've never met a straight guy that could.

 

[UncleDave]

Hmmmm... the results are not in yet.
Silicon Valley is a place of dreams but that is because of the risks some are willing to take. Its also very risky to invest in start ups, big rewards, big risks.
Its also a graveyard for peoples dreams and epic failures.
My only point is, Elon Musks results are not in, the time period is way to short. I am sure he will be successful but discounting traditional metrics of investing is dangerous talk spoken throughout the decades.
Theranos, WeWorks aa example ...

They are in as much as any other company in the same timeframe.

What period of success is needed to declare the results being "in"?

Depending where I start and stop the timer I can say the same about any company. Gm was successful then ultimately went bankrupt.

 

[alarmguy]

What period of success is needed to declare the results being "in"?

The period that justifies buying into a company selling at 200 times its earnings (Tesla) vs companies producing the same product selling at 5 times its earnings with a network tens times greater (or more) for selling and servicing the vehicles. Its just a car.

 

[UncleDave]

The period that justifies buying into a company selling at 200 times its earnings (Tesla) vs companies producing the same product selling at 5 times its earnings with a network tens times greater (or more) for selling and servicing the vehicles. Its just a car.

Tesla is the first viable clean sheet auto manufacturer in our lifetimes.

No one has the same product, charging network ( which is monetizable) or success in the vertical.

Everyone else in the business has a legacy to support and maintain.

 

[JeffKeryk]

Hmmmm... the results are not in yet.
Silicon Valley is a place of dreams but that is because of the risks some are willing to take. Its also very risky to invest in start ups, big rewards, big risks.
Its also a graveyard for peoples dreams and epic failures.
My only point is, Elon Musks results are not in, the time period is way to short. I am sure he will be successful but discounting traditional metrics of investing is dangerous talk spoken throughout the decades.
Theranos, WeWorks aa example ...

Why would you say the results are not in? That's opinion versus results and other car company CEO comments.
Comparing those companies to Tesla is simply wrong; they never made it past start up. As you point out, most startups fail. I was lured to a startup and given a ton of founder stock. A year later we were gone.

Tesla is no longer a startup; it is in rapid growth mode. Every car company is scrambling to catch up; abondoning their legacy products to a large extent.

 

[JeffKeryk]

The period that justifies buying into a company selling at 200 times its earnings (Tesla) vs companies producing the same product selling at 5 times its earnings with a network tens times greater (or more) for selling and servicing the vehicles. Its just a car.

Perhaps the question should be, "Why are all those other companies rewarding their shareholders so poorly?"

 

[IndyIan]

I think a significant part of the share price and sales of Tesla, is that its a middle finger to the existing companies as well. Were they ever going to go electric without Tesla threatening to end them? I don't think Musk is all that interested in making an electric Corolla replacement and sweating all those details, to do it for $100 less that Toyota(even the Ford, GM gave up on competing with a gas Corolla...), so perhaps Tesla will disappear in a merger sooner or later, but Tesla did get electric car as a viable form of transportation
Starlink as well, in Canada there's lots of people willing to pay the extra, not only for faster unlimited internet, but just to tell Bell Canada where to go... We don't even really live in a remote area, but we have some relatively small hills that leave some dead zones with a cellular network setup for maximum profit. Bell was hopeless with a cellular "turbo hub" and 5gig data limit for a month all for $90! But a former northern telecom network guy, just tapped into the closest big fibre connection and now does unlimited over the air internet for less than Bell ever charged. Our telecom companies are big fat pigs, totally unresponsive to any issues that doesn't move the balance sheet by 100's of millions so they won't do anything for rural internet, except at their cottages.... Those lakes have great service, but not the next lake over...
Starlink has them doing somethings now in the rural areas, Still nothing decent in my area though...

 

[ArrestMeRedZ]

Musk just earned a 23 billion dollar bonus based on Tesla's 2021 results. That's roughly $23 billion more than I've earned in a lifetime. In my book, that one year bonus spells success to me, even if he did nothing before, or does nothing ever again. Just sayin'.

 

[Zee09]

The guy is certainly a visionary.

Yup