Breakingviews: Elon Musk’s Futuristic Plans Give Shareholders Cause to Worry

Elon Musk’s new master plan will test the Tesla shareholder faithful. In a blog post late on Wednesday, the electric carmaker’s boss laid out his vision for the next decade or so. He has some compelling ideas: building more vehicle types and increasing autonomous-driving capabilities for a sharing economy. The trouble is that plenty of rivals want a piece of that business, too. And his missive fails to address several more immediate concerns – not least how to finance his ambitions.

Mr. Musk titled his post “Master Plan, Part Deux,” – a reference to the “Secret Tesla Motors Master Plan (just between you and me)” that he wrote almost 10 years ago to the day. That detailed how he was building an electric sports car to raise money to manufacture family-friendly vehicles. He has largely succeeded, which lessens the conceit of drafting a new outline for the next…

Read the full article at nytimes.com…

Leave a Reply