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Will Elon Musk Ever Go to Mars?

1:00 pm, May 3rd | by Amy Tennery


PayPal co-founder Elon Musk might strike some as a bit delusional. And perhaps with good reason? Last week he started crowing to Popular Science that he plans to send humans to Mars in his commercial spacecraft line SpaceX within the next two decades — not hopes to, plans to.

But of all the things to be shaky in Musk’s world these days, it is, surprisingly, Tesla Motors. Seeking Alpha reported today that industry experts predict the company will report a first-quarter loss on Wednesday, when its expected to announce its performance.

The potential earnings downturn is coming at an unfortunate time for Musk. The entrepreneur made a big screen splash at the Tribeca Film Festival last month for his role in “Revenge of the Electric Car.” In it, he’s portrayed as one of a handful of underdogs “going up against the big auto manufacturers,” according to Tech News Daily. Underdog, indeed.

We’d be more worried for Musk — but the Tesla honcho seemed just a bit confident in his management skills during a recent sit-down with BusinessWeek:

“I run both Tesla and SpaceX myself. It’s a heavy workload, and I’ve never really wanted to run companies. Unfortunately, I came to the conclusion I was better than the CEOs we hired. If I’m not CEO, I can’t make the inventions happen in the way they need to happen.

Will he change his tune come Wednesday?

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  • http://twitter.com/blueandgold63 kent beuchert

    Amy obviously is not familiar with Tesla Motors, or its economics. Even small fry know that it
    would be totally impossible for Tesla to turn a profit while its spending a hundred million
    or so every quarter developing it first homebuilt and more mainstream Model S sedan.
    Smart stock analysts (NOT Seekingalpha, which has consistently panned the stock, and is
    in a very distinct minority, compared others who have performed in depth work) have recently
    upgraded Tesla Motros, on the basis of what’s important : the development program for their
    Model S, which has already pre sold over 4,000 vehicles of the 6,000 first year’s production run.
    The chances of the all-important Model S failing I see as practically zero. The car will be the first
    competitive electric vehicle ever built and outperform its competitiors from BMW and Mercedes.
    Of that there simply is no doubt. We already know exactly what the vehicle is capable of.
    I’m tired of reading simplistic balance sheet analyses by folks who clearly don’t have a clue as to
    what Tesla Motors is doing, or even who they are (Franz von Holzhausen, Peter Rawlinson, etc.).

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