August 18, 2018
Elon Musk’s tweet on Tesla going private has drawn no shortage of opinions, and it will be up to federal regulators to figure out whether he overstepped his bounds.
Elon Musk is not a conventional CEO — stop expecting him to be
Social media is a new frontier for financial disclosures, with the boundaries still to be demarcated.
That being said, who better to set that mold than Musk — America’s preeminent creator.
He co-created X.com, which went on to become PayPal. He was behind Solar City — cheaper solar panels for everybody. He also created SpaceX, so he’s a real-life rocket scientist who keeps sending rockets into space and bringing the reusable booster rockets back to Earth. And last week the Boring Co. announced a deal to make a 3.6-mile high-speed tunnel called Dugout Loop in Los Angeles to get fans to Dodger Stadium quickly, with zero emissions.
And of course there’s Tesla. Musk built an electric car from scratch faster than Detroit turns out new conventional models.
Musk is a genius, and perhaps the most disruptive concept designer and engineer on the planet, substantially more so than Steve Jobs and Jeff Bezos, because of the breadth and complexity of the products he has successfully built.
It’s an interesting situation. I know and respect several people on both sides of the argument as to whether his tweet violated some SEC rule. However, those who were early backers of Tesla are some of the savviest investors on earth.
So I don’t get why the crew of “Anti-Musk-eteers” has been so hell-bent against this guy for years. Every move he makes incites the dire predictions about Tesla showcased on business TV shows.
Who is to say Musk hasn’t had deep conversations with numerous nontraditional investors, outside Wall Street’s gaze?
Musk has a long-proven record of making awesome products, and his entrepreneurial spirit is better suited to the private market.
So let’s not get hung up over 140 characters.
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