Would have saved $40M cash and billions in shareholder value if he’d taken the hint then. Nobody should think themselves that irreplaceable.
https://www.reuters.com/article/us-tesla-musk-blackrock/blac...
It’s very clear what the SEC has done. Which is send a warning sign that this is Musk’s last chance before he is fired.
I don’t think they wanted to punish him any more than that.
Leadership is key. I dont like Elon's propaganda machine which IMO is what feeds his cult status, but HE is the reason Tesla is a thing.
Believe in Him. Tesla as a company has no chance against GM or Ford. Elon has a chance because of what he has accomplished.
They say history is events and people. Electric cars are something every company will have in the next decade. What company is going to get an Elon?
source?
That's one view of history - popular in common discourse and historians.
Another view of history is that it is largely driven by economics with historical personalities riding on the coat tails of underlying situations with a very few unique genius exceptions (think Newton, Alexander, Ceaser etc). Also remember that most of history has happened when our population has been 1/20th of what it is today - so we are 20x more likely to have interesting characters even if something depends on genius
It remains to be seen what Musk will be - I actually feel underlying economic growth, material science development in battery technology and need to tackle pollution especially in Asia would have anyways driven electric vehicles rapidly and indeed I wonder if Musk jumped the gun on battery giga factory since we're just at the beginning of battery science - but time will tell.
However, there are circus ringleaders (as Elon has been accused of being), and then there are true polymaths who can both competently direct large scale engineering efforts and deal with entirely disparate realms such as corporate governance, marketing and negotiations. He may not have been getting enough sleep lately, but I think he's more the latter than the former. You don't get put in charge of revolutionary payment systems, luxury vehicles, interplanetary transport and energy storage one right after another purely by accident.