No. of Recommendations: 40
But, right now there is a unique opportunity presenting itself: Musk wants out of many of the businesses he's in. Not because they are bad businesses - they're great businesses
Loathe as I am to clutter the board with this nonsense, my fingers insist on asking “What great businesses?”
The car company is headed down, buffeted by a combination of sharply increased model competition especially in China, increased price competition everywhere, loss of a significant moat in the US (chargers become universal), erratic management, aging lineup, sharply declining margins and more.
The Boring Company, well there’s a reason you don’t hear about it.
SpaceX. Going well. Take away the millions of government subsidies and …
Robotaxis: Don’t exist. Not exactly a Buffett selling point.
Robotics: Doesn’t exist in any commercial sense. See above.
AI: Nobody knows if this will turn into what, and if it does who will profit from it. See above, and above.,
Solar City: Probably the less said the better. Two consecutive years of stunningly bad performance.
I guess you must be talking about “X”, which is going great, except for the advertising part which is off 60-80% depending on whether it’s Musk talking or media watchers. Yeah, that’s it. “X”. There’s a business a CEO who knows nothing about social media can get his teeth into. Although on reflection, I think that’s been tried,
