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Tesla CEO Elon Musk went on a profanity-riddled tirade against coronavirus shelter-in-place orders on Wednesday.
The company has been forced to close its main US car factory in California, posing a “serious risk” to Tesla’s business, Musk said.
Musk is a billionaire, but most of his wealth is tied up in Tesla stock. If those share prices don’t stay at current levels, he could miss out on a big pay day.
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There’s a twist to Elon Musk’s repeated calls to reopen America: He is on the verge of a $750 million payday, which might not happen if Tesla’s factories stayed closed.
On Tesla’s first-quarter earnings call Wednesday evening, the billionaire warned that shutdowns of the company’s main Fremont plant “should be identified as a serious risk,” before launching into an expletive-ridden tirade.See the rest of the story at Business Insider
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SEE ALSO: Tesla turns a surprise profit despite coronavirus factory shutdowns
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Brendan Smialowski / AFP via Getty Images
Elon Musk has some business advice for other companies: “Maximize the area under the curve of customer happiness.”
The Tesla CEO said that is the goal of his company, and other businesses should aim to do the same thing.
The hill-shaped curve shows that with more options, like Tesla’s option to “subscribe” to its self-driving capabilities, customers have more ways to be satisfied.
Visit Business Insider’s homepage for more stories.
Tesla’s goal is to “maximize the area under the curve of customer happiness,” CEO Elon Musk said in an earnings call on Wednesday.
He advised that it’s “the kind of thing that all companies should try to do.” See the rest of the story at Business Insider
See Also:
Elon Musk’s $750 million Tesla payday could be threatened by the coronavirus shutdown he slammed as ‘fascist’Elon Musk says Tesla’s ‘battery day’ in May will be ‘the most exciting day’ in company historyElon Musk is personally insuring Tesla’s board members due to ‘disproportionately high premiums’ quoted by insurance companies
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