Elon's car crash
Tesla claims some of the market's most dedicated investors, who have long been sold on the company's story. But its share price slump suggests patience with CEO Elon Musk is wearing thin.
The story of a formidable tech founder CEO with an unusual amount of personal baggage colliding with the demands of modern corporate governance had not really been told in Australia until the Richard White and WiseTech saga began (see below for the latest on that).
But it is not a unique tale globally — there is a case study unfolding that's affecting equity markets as we speak.
Bronwen Clune touched on it in today’s Sweat Equity newsletter when she raised a question many are quietly asking in Australian technology circles: can Robyn Denholm champion both Tesla and her home country's tech interests at the same time? She is attempting to do so by serving concurrently as chair of both the electric vehicle automaker and the Tech Council of Australia.
But the much bigger issue from a macro perspective pertains to the man Denholm ostensibly manages, Elon Musk, who is also vastly more conflicted.
