Tesla Motors Inc (NASDAQ:TSLA) may be standing on the mountain of debt, but its CEO, Elon Musk, one of the greatest visionaries of our time , has a hawk eye vision from the top and sees a bright future for the company. However, that debt figure is still a cause of concern for some investors who want to play more by the numbers than on the capabilities of the man at Tesla’s helm. Cory Johnson reported the monumental figure on Bloomberg.
” […] $1,251,227,000 is the accumulated deficit for Tesla Motors Inc (NASDAQ:TSLA) over its lifetime as a company […],” informed Johnson.
Johnson also related a comparison with the other great visionaries from our time. Tesla Motors Inc (NASDAQ:TSLA)’s CEO might not stand shoulder to shoulder with them as far as finances are concerned, but there is little doubt among the investor community, as far as his vision is concerned.
“[…] Comparing Elson musk to Thomas Edison and Walt Disney, which is sort of speaks for itself, but also those guys made businesses that made money before they made money. Elon Musk, not so much. He is losing money hand over fist,” said Johnson.
The debt figure is misleading for a company like Tesla Motors Inc (NASDAQ:TSLA) owing to the fact that the company’s products are an integral part of our future, even though current demand might not meet the company’s fixed costs.
Tesla Motors Inc (NASDAQ:TSLA) is the story of how ‘the corporation’ that has come under the gun from many environmentalists and critics of the modern financial system can be used to give back to our planet as well. It shows that financing, which was a big hurdle in the old times, is not an issue anymore, and the key ingredients to succeed as a human race are vision and commitment.
Elon Musk offers both and that is why he and his company has such a die-hard following.
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