I invest in Tesla because I think it's a great product with a positive vision of the future. I do wish Musk was more measured but my opinion of him doesn't affect my opinion that electric cars are good, Tesla makes the best and has proven their ability to scale.
Leading up to the votes for the move out of Delaware it became pretty clear how significant parts of the non institutional investors are rallying behind Musk. I don't think I have ever seen such a frenzy getting people to go for a proxy vote. That is not happening because Tesla is great, that's happening because there was a real worry about what Musk would do.
I don't know for sure, but if I were to guess I would say a not insignificant part of Tesla's market prices is Musk himself.
I actually think Musk could go away and if you had a similarly driven CEO, with the same vision as him but without any public political opinions, the stock would actually go up.
Alternatively, nobody competent would take the job because the valuation is so far out of line that anyone who does not have a cult following who seem to believe FSD will work by the end of this year, for sure, and that the robot is not a joke, will end up being blamed for TSLA being valued in line with similar sized car companies instead of having a P/E ratio 10X that of Toyota. It's not exactly Enron but it rhymes.
Honestly, agreed. The most interesting and valuable parts of Tesla are the parts that Musk is uninvolved and uninterested in. Take the supercharger network for example. That could have been a gateway to complete market domination by Tesla, and Musk threw the once-in-a-lifetime opportunity away because it wasn’t shiny and chrome enough for him.
