Tesla Motors (NASDAQ:TSLA) It can sometimes feel like 21st century history is being written by a handful of entrepreneurs and their organizations: chances are that generations to come will talk of Elon Musk in the same way that we remember Henry Ford, who famously said “The remains of the old must be decently laid away; the path of the new prepared. That is the different between revolution and progress”. Both are visionaries who have changed the way we think about vehicle manufacture and performance, and each has embraced the spirit of their time and applied it to their business and engineering strategies. But while Ford is by now an established historical figure, Musk is still living out his story.
The entrepreneur’s dual background in economics and physics, combined with a canny eye for the zeitgeist, has provided the right chemistry to cook up his $12.1 billion fortune. And while Paypal is long behind him and space tourism plays a big part in his future plans, Musk’s Tesla Motors concern remains very much in the present. The manufacturer’s first half-decade ended in failure, with the scrapping of their flagship Roadster vehicle – but Musk and his organization have never lost faith in the inevitability of the dominance of electric cars. With a staff of 14,000 and a market value of $33.5 billion – from which Musk draws a salary of just a dollar a year – Tesla Motors’ wedge of the industry has grown to reflect the vision of its iconic boss.
Warren Buffett’s 2018 Activist Investment
Most investors are aware of Warren Buffett's most high profile long-term investments. However, there is one long term investment that is often overlooked. Q2 2020 hedge fund letters, conferences and more This is building materials maker USG, which was owned by Berkshire Hathaway for more than 17 years before it was acquired in 2018. If Read More
Of course, bubbles have burst before, and we’ve seen many a hubristic entrepreneur wade too deep into a river of their own hype; but like Ford before him, Musk’s success – and his potential – rests on his informed vision of not just how the world will look tomorrow or next year, but in ten, twenty, fifty years time. Tesla Motors’ lithium-ion battery ‘Gigafactory’, for example, will be powered by 100% renewable energy – remarkable, considering it will be the second largest building in the world. Such scale, vision and conscientiousness is why Tesla Motors is a major, major company to keep an eye on – and you can begin by checking out some of the startling facts and figures in this smart new infographic.
41 Insane Facts About Tesla Motors
Infographic source: Jennings Motor Group