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Mr. Musk

Musk tweeted about going to New York for discussions about taking Tesla private and said he would provide an update at the end of the month. An email to employees said the plan is too complex to discuss internally and they need to provide answers to stakeholders. The management believes taking money from investors now will ensure enough cash for investments while some experts criticize Musk's approach and inability to listen.

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22 views2 pages

Mr. Musk

Musk tweeted about going to New York for discussions about taking Tesla private and said he would provide an update at the end of the month. An email to employees said the plan is too complex to discuss internally and they need to provide answers to stakeholders. The management believes taking money from investors now will ensure enough cash for investments while some experts criticize Musk's approach and inability to listen.

Uploaded by

Robert Paulson
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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What about this week’s meeting?

Musk tweeted last week that he would go to a secret location in New York for a new
round of discussions about taking Tesla private.

In an email to employees obtained by the Financial Times, Musk said he would give an
update at the end of this month about the company’s plan to go private.

“I’ve been going over this with experts, and it is too complex to go through internally,”
he wrote. “Mr. Market is adamant that there’s been no communication from us, and so
we need to provide concrete answers at the very least. This would require approval
from all stakeholders of Tesla.”

What is Tesla’s endgame?

Tesla believes that they can’t produce enough electric cars fast enough, and they are
finding it difficult to sign car buyers and arrange the financing to deliver their vehicles,
so they need to take the money from investors now.

The management believes that taking the money now will ensure that there will be
enough cash to fund the heavy investments into

He also called for the potential sale of the car company and said that he had spoken to
employees and they didn’t appear to want to join the buy-out.

Musk claimed the staff has been “betrayed” by Sauerberg, and the possible sale is one
of the reasons that the employees are considering joining the employee-owned firm.

That sounded to me like a threat. He was the boss. Do not ever mess with the CEO of
Tesla. He runs the company in the interest of the employees, not shareholders.

After Musk’s comments about Mr Sauerberg’s supposed involvement, Sagerberg


tweeted in response:

This is business to me, and I’ve got employees to make profitable, and they are
understandably frustrated with the current conditions.
Of course, it is Musk who is taking the brunt of the criticisms. His approach and
inability to listen to the experts may have turned Tesla into a true, risk-taking
company but he should realize that the damage has already been done.

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