Tesla stock

Remember That Time Ford Went Private? Elon Musk & Henry Ford Both Irritated By Short-Term…

Editor’s note: Below is a portion of an article published on the EVANNEX blog. While Henry Ford might not have been fighting with short sellers, oil barons, and Twitter trolls, he, like Elon Musk, was also dogged and irritated by short-term thinkers more interested in quarter-to-quarter financials than long-term vision and growth. Charles Morris relays a story about Henry Ford getting so fed up with it that narrow, near-term mindset that he took Ford Motor Company private. Musk has read up on Ford quite a bit, so perhaps this anecdote kept coming to mind as Musk verbally wrestled with analysts. Alas, it’s 2018 and the Tesla story is more complicated than the Ford story — in several ways — which has ended up dissipating the idea of Tesla going private. In any case, this comparison is a fascinating little look at the kind of thing that businessmen like Musk and Ford sometimes have to struggle with.

Tesla — Dead For 10 Years

10 years ago, now-rabid CNBC didn’t know Tesla from your mother. Fox News was busy complaining that Obama encouraged people to keep their tires well inflated. Seeking Alpha? Well, I couldn’t find a single Tesla story on Seeking Alpha published in the month of August 2008. But some geniuses on a website called “The Truth About Cars” were onto something. They published episode #17 of their “Tesla Death Watch.”

The Billion-Dollar Tesla Hit Piece

The New York Times interview of Elon Musk released late in the night of August 16, 2018, clobbered Tesla’s stock price the next day, resulting in a fall of more than $30 a share by the end of Friday’s after-market trading and a single-day transfer of wealth of over a billion dollars from Tesla’s investors to the stock’s short sellers.

Ben Kallo SLAMS Tesla Bears (Video) — #TeslaPrivate #Pravduh

Major media outlets have let me down in the past. Their coverage of global warming in minuscule, horrid, and an outright disservice to the human species. Their coverage of the last US presidential race was absurd and completely derelict in its level of counterproductive noise. But I think their coverage of Tesla this year, and especially since CEO & Chairman Elon Musk tweeted about a desire to take Tesla private, has disappointed me more than any other media coverage in my lifetime.