The New York Times published a lengthy profile of Tesla Motors (TSLA) co-founder (should say disputed co-founder) Elon Musk on Sunday, highlighting the fact Mr. Musk is an excellent salesman and perhaps a bit too confident. Call it borderline arrogance. I suppose you don’t become a mega millionaire at a young age without at least a hint of those elements.
The article peels away the glitter and the glam and cuts to the core, which is a company that remains far away from a smash success and one that continues to bleed red ink. I’ve discussed this in the past and it’s the reason I believe it’s too soon to invest in the company for the longer haul. The Model S was supposed to hit the streets next year, but is being pushed out to 2012 as sales of the Roadster have stalled. All that being said, you can’t take away what Musk has accomplished and I couldn’t agree more with fellow PayPal co-founder Peter Thiel who said “the country needs more entrepreneurs like Mr. Musk who are willing to take risks.” Musk has apparently dumped his entire PayPal fortune into Tesla, SpaceX and SolarCity. I truly hope Tesla is a raging success, pushing the boundaries of what is possible.