Elon and the Rest
One man stands head and shoulders above his competition.
Imagine being a 25-year-old, 6’5” guy who goes by the local park. There you see eight-year-old kids playing basketball. You ask if you can join, and they readily agree. Then you dominate. You score at will. You block any shot that they dare put up. In short, you are unstoppable.
It would seem that this analogy applies to Elon Musk. When he joined Tesla, it was common wisdom that nobody could set up a new car company. Some, like DeLorean, tried, but they all failed. There was Mercedes, Fiat, GM, Ford, etc., and that was it. You could try something, but it would either fail or be gobbled up by the big guys for pennies on the dollar. Then came Tesla. Tesla’s current market capitalization of nearly $1.5 trillion is more than 10 times that of the “Big Three” combined. And Musk was not the son of Lee Iacocca or some car engineer who wanted to prove others wrong. He showed up out of the blue, made and makes incredible cars, and is leading the world in driverless vehicles with Robotaxis poised to supplant the traditional cab and Uber business models.
And Musk seems to be like this in every field he enters. When our kids were young, I showed them the Tintin color cartoon videos. They were clean, they were high-quality, and most importantly, our kids learned English from them. In one of Hergé’s books and the subsequent movie, Tintin’s friend Calculus takes a rocket to the moon. In the video, the rocket lands very nicely upright on the moon. I said that was dumb and explained to the kids about disposable boosters, capsule, lunar lander, etc. I am not worth a trillion dollars. Maybe Musk saw the same thing as a kid and said, “That’s a great idea. Point noted.” He was the first to land rocket boosters upright, and he is still the only one to catch them in the air. He has run circles........
