'People are betting against [Musk's] style,' Social Capital CEO Chamath Palihapitiya told CNBC. 'Betting against entrepreneurs who are changing the world has never been a profitable endeavor.'
"If you get caught up in all this stuff around the edges — he may mistweet from time to time," Palihapitiya said, alluding to Musk's tweets about Tesla production numbers and funding, which have gotten him in. "My point is, who cares? Your job as a smart investor is to separate the facts and the news from the fiction and the noise."
Palihapitiya said he continues to hold Tesla stock because Musk has been able to deliver on promises on a larger scale years down the line. Musk's misbehavior on Twitter and podcasts isn't important, he said, because demand for Tesla cars is strong and exceeds other players in the electric-car market.
"All of that stuff doesn't matter. It doesn't change the fact that tens of thousands of consumers are buying that car faster than they can get their hands on it. It doesn't change that as soon as you sit inside that car, your definition of what is expected is altered forever," he said. "At the end of the day, whether you like his style or not, his substance is irrefutable," Palihapitiya said of Musk. "People are betting against his style. Betting against entrepreneurs who are changing the world has never been a profitable endeavor."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chamath Palihapitiya: Musk is the 'clear winner' in electric carsChamath Palihapitiya, early Facebook executive and founder of Social Capital, sits down with CNBC's Scott Wapner to discuss investment strategy and why he's now a critic of Facebook.
Lire la suite »
Chamath Palihapitiya on short seller Jim Chanos: 'He makes money once a decade'Silicon Valley venture capitalist Chamath Palihapitiya, a long-time Tesla bull, just attacked short seller Jim Chanos.
Lire la suite »
Elon Musk says Tesla will develop a 'quiet electric leaf blower'Tesla's CEO has an idea for extra Tesla parts. Elon Musk says his company is planning to develop an electric leaf blower.
Lire la suite »
Tesla misses big on first-quarter earnings as demand fell for electric carsAfter lackluster Model 3 deliveries, Tesla posted a wider-than-expected loss and less revenue than anticipated during the first quarter.
Lire la suite »
Tesla misses big on first-quarter earnings as demand fell for its electric carsExecutives braced investors for another loss in the second quarter before returning to profitability in the second half of the year.
Lire la suite »
Slack is 'the only company in the world' that looks like Facebook and isn't public: Board member Chamath PalihapitiyaSlack board member Chamath Palihapitiya said the company looks like Facebook did when he headed user growth.
Lire la suite »
Pornhub would like to collaborate with Elon Musk on his ‘electric leaf blower’ ideaElon Musk’s got a lot on his plate lately — rockets, tunnels, solar power and, of course, tangling with short-sellers over the fate of Tesla. But if there’s a problem he wants fixed, “P.T. Musk,” as CNBC’s Jim Cramer calls him, tends to answer the call. And make no mistake, loud garden tools are a real problem.
Lire la suite »
Tesla investors await updates from Elon Musk on service, the Shanghai factory and Model 3 marginsTesla investors await updates on service improvements, the Shanghai Gigafactory and Model 3 margins.
Lire la suite »