Tesla investors have repeatedly criticized the electric car company’s CEO Elon Musk, accusing him of not giving the automaker enough time for his other ventures, such as Twitter and SpaceX. Musk has defended himself several times before in the face of such criticism. However, investors are not satisfied. Now, former company president Jon McNeil has defended the Tesla CEO, saying Elon Musk is unbelievable at managing his schedule and engaging with key topics.
In an interview with CNBC, McNeill addressed Tesla investors’ concerns about Elon Musk’s management style at the company, siding with the billionaire. He also said Tesla investors’ concerns that Musk wasn’t given enough time at the helm of the electric car company weren’t a real problem.
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McNeil said Moose answered very deep questions on the earnings call. “I don’t think he’s totally distracted from the business. On the earnings call, he answers questions in great depth,” he said, suggesting that Elon Musk was taking the lead on the Tesla matter. “He always has a lot going on, but he’s been incredible at managing his schedule and engaging with key topics,” the former Tesla president further added. He also said investors should focus on the company’s business performance, which remains a positive aspect of the electric carmaker’s business.
The electric car maker achieved a record number of deliveries in the first quarter of this year. Plus, the company’s profit margins are the envy of the industry. The record profit came despite six price cuts announced since January. Elon Musk has even claimed that the company has the ability to sell its cars at zero profit and will continue to be profitable in the long run by still generating revenue from its self-driving software.
First published date: May 2, 2023 at 10:05 AM CST