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Chart Of The Day: Musk Versus The Market Edition
by
Edward Niedermeyer
(IC: employee)
Published: June 21st, 2010
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Oh, one other thing, I think its maybe helpful to say what has been my track record in value creation – these are four of the companies Ive been associated with – its worth noting that every financing round in every company has been an up round, doesn’t matter if the market has gone up or the market has gone down, the squiggly line is the market, and the valuations are as you can see somewhat market independent, and I expect that to be the same for Tesla, or to continue to be the same with Tesla
Tesla CEO Elon Musk, in his IPO presentation [via Darryl Siry]. This, apparently, is the answer to the question how does a company that’s sold just over 1,000 cars think it’s going to become an industry player?
Good to know.
Edward Niedermeyer
More by Edward Niedermeyer
Published June 21st, 2010 8:15 PM
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TTAC has been overly skeptical of Tesla since its inception. The term "vaporware" was tossed about quite often. And yet, here it is. It HAS sold 1000 cars. It HAS become a household name. It HAS government loans. And it even has a stamp of approval from established industry players who have recently become willing to partner with the startup.
All that chart proves is that Elon has a track record for talking people out of their money. By that standard, Bernie Madoff was the better executive.
The NYT has a story on Elon Mush today. http://www.nytimes.com/2010/06/22/business/22sorkin.html?ref=business Paper-rich, cash-poor.
Compared to this clown, Musk is the real deal: http://www.thetruthaboutcars.com/quote-of-the-day-peapod-pisses-off-edition/ Does anyone think Ed Whitacre is a better CEO?