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Tesla - more than just the man who runs it

Tesla is a stock that is perhaps just as famous for its CEO as it is for its electric cars. Elon Musk is an entrepreneur that has started many companies that go on to be worth millions. He himself was recently valued at $182.3 billion, making him one of the richest people on the planet (if not the richest at times).

But why does that affect Tesla? And is Tesla worth all the column inches in the papers?

Those are perfectly fair questions. For, shouldn't a company be more than just the person that leads it? Would key man risk not be a very good reason not to invest in the company?

Arguably, the answer to that would be yes, if it was not for the fact that Tesla also does have some pretty compelling statistics behind it right now. The company sells electric cars that are successfully growing in production levels - making purchasing a fully electric car a very real possibility for larger and larger numbers of people. And that is hugely important in a world that is increasingly plagued by climate change issues that are materially affected by the carbon emissions that gas guzzling cars produce.

So why the big fuss?

Probably its biggest sell is that it was the first firm that seemed to really make electric cars a possibility for the world. That’s high on the list of priorities for governments the world over which is hugely important for the company’s future. With population numbers only looking set to increase, the demand for cars will rise too, but the rise for cleaner energy is what is much needed with worrying climate change statistics rife at present. The impact of this has already started to be seen in Tesla’s profits which saw its net income reach $438million in 2020. Importantly, to calm many analysts in the investment world, it has seen earnings grow in every quarter of the last year.

But it does have its challenges ahead of it. Mainly, increasing competition. The growing demand and need for electric cars mean that there will be more and more entrants to the market that offer more and more viable options for those that want to drive an electric car.

Plus, Tesla may suffer from the fact that not all of its gains have been made from its primary business. During Musk's much publicised promotion of Bitcoin, the company made a lot of money - it was not necessarily from selling actual cars. Plus, it benefits from environmental credits, thus helping its bottom line even further. After a while, it could be that the share price starts to reflect the fact that the company is not as successful for its electric vehicle production. Instead it is making money on a fast moving cryptocurrency market and environmental credits that are reliant on Government policy.

Ultimately, though, it cannot be dismissed who is running the company. For, it does have a compelling entrepreneur at its helm. Elon Musk does have a tendency to back forward thinking projects that end up being just what the world needs.

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