Tesla’s (NASDAQ:TSLA) CEO Elon Musk Taking ‘Refuge’ in Tequila

Tesla’s (NASDAQ:TSLA) CEO Elon Musk Taking ‘Refuge’ in Tequila

Tesla’s (NASDAQ:TSLA) CEO Elon Musk Taking ‘Refuge’ in Tequila

$RACE

Tesla’s (NASDAQ:TSLA) Musk Controlled Board Needs More Manufacturing Expertise

Elon Musk, 47 anni, is smart, maybe brilliant and larger than life for many of his cultish followers.  And like outstanding entrepreneurs before him, there comes a time when breaking all the rules has adverse effects.

For him the time is now, as he is out as Chairman of his rubber stamp Board.

Speculation is that James Murdoch will become the Chairman of Tesla. Mr. Murdoch, son of media mogul Rupert Murdoch has been on the board of Tesla since last year.

The Bog Q: Can Mr. Murdoch have the independence and authority to regulate Mr. Musk?

The Big A: It is well known that Mr. Musk does not support the notion of Mr. Murdoch, as he knows the Murdoch reputation: they take no prisoners.

As Tesla’s Chairman, Mr. Murdoch would oversee the Tesla board of other family and friends of Mr. Musk. A total of 9 directors including Messrs Musk and Murdoch does not have anyone with automotive industry experience, none.

These deficiencies at the board level have allowed Mr. Musk total rein over the company, which has contributed to the current dire straits Tesla find itself in today, including its lack of profitability to the verge of bankruptcy.

The financial community has grown increasingly concerned about Tesla’s cash drain and overall stability, which was exacerbated in recent weeks.

Tesla’s board has media, entertainment, and investing experience par excellence and none is better that James Murdoch, he has the reach.

As innovative as Mr. Musk is, now he must accept that he has serious limitations. Knowing how to create a team with relevant and complimentary skills and experience may be the toughest challenge any innovator faces, so the inevitable may be happening right in front of us now.

Tesla’s CEO Musk Tweeted Friday: “Teslaquila coming soon …” And he was quick to offer his Twitter followers a mock-up of the “Teslaquila” logo.

Caution, Tesla is no longer an investment grade stock, it is a speculation for professionals only.

HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Bearish (-0.26) Neutral (-0.23) Neutral (-0.19) Bearish (-0.38)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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