According to reports, Morgan Stanley CEO James Gorman (James Gorman) said at the 2023 Winter Davos that Tesla CEO Elon Musk is “one of the greatest entrepreneurs” of the past 100 years.
Gorman chatted with the media about providing a loan for Musk’s acquisition of Twitter. Asked whether Morgan Stanley would eventually own Twitter, he said no. Still, he called the social media platform a “great company.” The conversation then turned to Twitter’s new owner.
“Elon Musk is one of the greatest entrepreneurs and businessmen of the past century.” Gorman said, “The Boring Company alone is enough for him to get this evaluation, let alone SpaceX, and Tesla La. He’s really capable.”
Although Tesla was not founded by Musk, he is now synonymous with the leader in electric vehicles. His ties to the company began with Tesla’s $6.5 million Series A round, and he later served as the company’s CEO in 2008.
Musk’s other entrepreneurial exploits include founding roles at Zip2, PayPal and SolarCity. SolarCity is now part of Tesla.
Musk also co-founded OpenAI, the company that developed the ChatPGT chatbot that has recently gained popularity. However, due to a conflict of interest with Tesla in the field of artificial intelligence, Musk withdrew from the OpenAI board of directors in 2018. In addition, Musk also participated in the founding of Neuralink in 2016, focusing on the development of “brain-computer interface”.
Although Twitter is currently undergoing a large-scale restructuring and even faces the risk of bankruptcy, Gorman has full confidence in Musk’s ability to lead Twitter.
Asked about the Morgan Stanley loan, Gorman replied: “We’re pretty happy with where we are.”
The praise comes amid widespread calls on Wall Street for Musk to focus more on Tesla and less on Twitter. It is worth mentioning that Tesla’s stock price has fallen by nearly 70% from its all-time high.
For example, investment bank Wedbush analyst Dan Ives (Dan Ives) believes that Musk “fallen asleep at the steering wheel” during Tesla’s critical period. And Tesla’s third largest individual investor, Leo KoGuan, is no longer a die-hard fan of Musk.
“Musk has ditched Tesla, Tesla has no real CEO anymore,” Liao tweeted last month, “Tesla needs a full-time CEO, and should have a full-time CEO.”
Meanwhile, Twitter reported a 35% decline in its latest revenue on Wednesday. At the same time, Twitter also began auctioning various assets to raise cash, even including office supplies such as projectors, whiteboards and chairs.
Editor in charge: Liu Mingliang
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Event Tracking
- 2023-01-20 At the Winter Davos, the CEO of Morgan Stanley praised Musk as “one of the greatest entrepreneurs in the past 100 years”
- 2023-01-18 Musk may have to pay billions of dollars for a tweet four years ago
- 2023-01-09Lawyers request to transfer Tesla shareholder class action to Texas for trial: California is biased against Musk
- 2022-11-17Tesla director revealed that Musk has identified the CEO’s potential successor
- 2022-04-16 Musk was sentenced to publish false privatization tweets, or compensate shareholders for billions of dollars
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