Gene Munster – managing partner Loup Ventures, a venture capital company that invests in virtual reality, augmented reality, artificial intelligence and robotics. Elon Musk – founder of Tesla and SpaceX, genius, failed superhero and the man who recently throws insults on Twitter and undermines your credibility. Explaining all this, move on to the open letter from gene Munster to Elon musk.
I am writing on behalf of investors who believe in you and your mission of accelerating the adoption of renewable energy of the Earth. Your track record is unprecedented, and we recognize your intangible advantages as a leader – creating a culture of walking through obstacles and the lifting of the labor force at a level that was not seen for the last 20 years the use of technology.
However, continued success requires the support of investors. To carry out its mission, Tesla needs access to capital and investor confidence.
For the last 6 months there have been too many examples of behavior that undermines investor confidence. In our opinion, your release address analysts in the expectation of profit in March 2018, your frustration with short sales, and media, the June e-mail correspondence with the saboteur and the confrontation on Twitter with the diver out of the cave Right by Unsworth, all investors were shown the flags.
Sparring with Vern Unsworth was the last line. I suspect you agree that the branch correspondence is to be removed from Twitter, but to restore the confidence of investors will need more than that.
Your behavior reinforces the view of you as thin-skinned and quick-tempered Manager.
Fortunately, the way to restore investor confidence already trodden. It all starts with an apology. After that should be the focus of his speech towards missions Tesla. Can arrange a squabble on Twitter, and it will allow Tesla to stay in the news, but will not help to improve the product and production process.
In addition, ignore short sales. At the time I was able to notice that when companies aggressively interact with short sales, they lose. The best way to deal with them is not words, but actions aimed at growth stocks.
It is difficult to imagine the responsibility and stress that may occur when managing multiple world-changing companies, but we can say with confidence that this letter demonstrates the investors and customers who want to see you successful. Rarely changes the world, listening to others, but I hope that you will consider the opinions of their supporters and will make the right conclusions.