“The world’s first trillionaire would be a person fighting climate change and it very well could be Elon,”. In an interview with CNBC, billionaire Chamath Palihapitiya has this to say about the world’s richest man, the founder, and CEO of SpaceX and Tesla, Elon Musk.
It can be said that over the last year, Tesla is now up more than 700% and is continuing to reach higher levels as our society shifts to a greener and cleaner world. Tesla (TSLA) is an American electric vehicle and, clean energy company that aims to accelerate the world’s transition to sustainable energy and it builds infinitely scalable clean energy generation and storage products.
“About five or six years ago, what I thought he was building was an energy company and that eventually, people would realize that climate change actually mattered,”. Palihapitiya mentioned that it’s taken almost 6 years for everybody to realize that climate change is really a big global issue and that solutions for this problem will eventually be needed. “He’s being rewarded,” said Palihapitiya, talking about how Elon Musk visualized this thing earlier that eventually made him the world’s richest man.
For Chamath Palihapitiya, Tesla is a distributed energy business and not a mere car company. “They are figuring out how to harness energy, how to store it, and then how to use it in a way to allow humans to be productive”. He also stated that the ‘big disruption’ that’s coming is to power utilities. “There are trillions of dollars of bonds, of CapEx, of value sitting inside the energy generation infrastructure of the world that is going to go upside down and when that goes pear-shaped, Tesla will double and triple again,” he said.
Palihapitaya marked that a person fighting against climate change could potentially be the world’s first ‘trillionaire‘ because delivering clean energy and allowing the world to be sustainable is an ‘incredibly’ important thing to do that will be rewarded by markets and individuals.
“I don’t understand why people are so focused on selling things that work… Let’s just say I owned a billion dollars of Tesla stock, if I sold it now, I’ll have a billion-dollar problem. What do I do with that money?” Palihapitiya pointed out that when things are working, people are paid to stay with certain people that know what they are doing. “This is a guy who has consistently been one of the most important entrepreneurs in the world and so why bet against him?… You get behind these people who have an incredibly strong character, who know what they’re doing, who aren’t going to bend short-term profits and we’re just going to drive the train for 10 or 20 years and make the world a better place.”.
To summarize the Tesla craze, Chamath Palihapitiya said that it’s best to get into this phrase by Bill Gurley, “‘When the music’s on, you got to dance’, and so these guys are dancing. They are dancing in rhythm. They are in flow. Let them do their thing, get behind them, and don’t sell a share. Just let them create value.”.