An action-packed month for Musk reminded me of the old futurist Elon, the visionary who wanted to change the world.
It’s fair to say Elon Musk is having a pretty good month. On Thursday, Tesla stock had its best day in more than 11 years,ing $US150 billion to its market value and $26 billion to Musk’s personal wealth after reporting stronger than expected earnings.
It is hard to understate the sheer brilliance of SpaceX, which has truly refined the phrase “rocket science”. Since 2015, SpaceX has made more than 300 successful launches of various rockets. Starship, which marked its fifth launch last week, is the largest and most powerful rocket ever to fly. By no means can Elon take all the credit – he has the help of a 13,000 strong team at SpaceX – but his ability to marshal resources and create “efficient” businesses makes him the secret envy of many a CEO.“Elon is singular in his understanding of engineering and construction and large systems and marshalling resources; it’s just unbelievable,” said Jensen Huang, CEO of Nvidia in a recent interview in which he praised Musk for setting up a supercomputer in 19 days as a “superhuman” effort.
Except for Trump Media , never has there been a single company whose performance has been so closely tied to sentiment towards a single individual as Tesla is to Musk. Indeed, Tesla’s title as the most valuable “car” company reflects the market’s attempt to try to value Musk’s ambitions from what is possible. It appears sentiment is turning.
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