Elon Musk was interviewed a couple of days ago on 60 Minutes by Leslie Stahl. They focused upon the craziness with Tesla, the Elon tweets that got punished by the SEC, the pot smoking by Elon on Joe Rogan, the production issues on the Model 3 and more.
Elon is Still Fighting and Call Shareholder Votes to Get His Way at Tesla
Elon said he was almost beaten to death at school and has an emotionally abusive father.
Elon was again combative about the twitter oversight.
* Elon respects the legal system but does not respect the SEC.
* Elon can do whatever he wants with Tesla. He is still the largest shareholder and can always can hold a shareholder vote to get his way.
Telsa Was Losing $100 Million Per Week Until the Assembly in the Parking Lot Was Built in 3 Weeks
Elon says he bet his company and more. Tesla was losing $100 million per week.
He set the targets of 5000 Model 3 cars per week and profitability and the targets were met.
Tesla was saved by making the third assembly line in the parking lot under a tent. This boosted production by 50%.
Tesla Will Consider Buying The GM Plants That Are Closing…Implied if Price is Right
Elon said Tesla would consider buying the factories that GM is closing.
Elon Musk Says Tesla’s $35,000 Model 3 will arrive in five to six months as a guess. He qualifies now with a but who knows and says people would be crazy to believe the time estimates of someone who has almost always been wrong on time and who has never ramped mass produced beyond an average of 4500 cars per week.
You can ask yourself how much what Elon has done deserves faith and belief.
If Elon like Steve Jobs a month into the launch of the iPhone, the Mac or is he Steve Jobs at the launch of the Next Computer?
Second Half on MSNBC Segment Discusses Tesla Future and Valuation
A Year Ago A Financial Analyst Predicted Doom for the US Auto Industry
One analyst made the case that it is the used car market that drives the US auto industry. If used car prices collapse, then he says the new car market will follow.
He discusses monthly payments and how leasing has become crack for the Auto companies. The rising interest rates will thus increase monthly payments and hit car companies hard. Again this talk in the video below was from nearly one year ago.
Tesla has not yet started leasing cars. The MSNBC segment from December, 2018 talked about German car companies being down 50% and other US car companies being down 20-30%. Tesla was up.
The analyst was right about car companies taking a share price hit from used car price drop and rising interest rates.