Friday, September 28, 2018

Elon Musk's fine line between genius and madness finally puts him on the edge of losing everything

The ghost of Steve Jobs has created an interesting legacy for young Silicon Valley CEO's as many dream of emulating the Icon and becoming the next 'guru' of Wall Street.  And sadly for a few like Elizabeth Holmes of Theranos fame, you cannot imitate genius.


Yet with that being said there are a few self-appointed genius's in the tech sector that do have the credentials to be called by that label.  However there has also been a fine line between genius and madness, and on Sept. 27, Tesla's Elon Musk may have finally slipped over that edge as the SEC initiated a lawsuit against him which could eradicate his ability to ever run a company again.

The SEC filed a lawsuit against Elon Musk in New York Southern District court (case 18-cv-08865), who may not be TSLA CEO for much longer because the suit seeks an order barring Musk from serving as an officer or director of a public company. - Zerohedge
This SEC lawsuit of course stemmed from a simple tweet where Musk sought to crucify short side investors by lying about suddenly taking the company public.  And in reality it did not take the SEC very long to discover the truth and bring about charges that could not only cripple Tesla's equity, but also bar Musk from control over his and any other future company.

But as noted above, Musk has seen his life spiral away from him in more ways than one.  This is because his arrogance and hubris led him to reject an SEC plea deal which left the regulator no choice but to bring down the hammer on him and on Tesla, and also where Musk's lunacy over the Thailand cave incident caused a hero in that rescue to sue Musk in civil court for his calling the man a pedophile not once but several times.

Men like Elon Musk are rare innovators who can often invent new ways to change the world.  But as is often the case, they do not do well under pressure and especially cannot accept failure or criticism.

While the book on Musk may not be fully written, it appears that this chapter is indeed coming to a close. And for investors of Tesla the only question that remains is, will the company survive if the 'genius' founder is no longer at the helm, and if the banks stop providing funding to a business model that has yet to ever make a profit?

0 comments:

Post a Comment