This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

When I Apologized to Elon Musk

Stocks in this article: TSLA F GM

NEW YORK ( TheStreet) -- Earlier this year, I attended South by Southwest excited to see Tesla Motors (TSLA) Founder and CEO Elon Musk speak.

Before his talk even ended, I was left with a bad taste in my mouth.

I latched on to some comments Musk made about parenting and wrote Will Musk Get a Free Pass After His Parenting Comments? I continued to harp on the point. Eventually, he called me out on Twitter.

In these types of situations -- no matter who I'm dealing with -- I tend to stand my ground. I've prepared my case and I'm confident. That doesn't mean I am right in each case; it's just that I have constructed a plausible, well-thought out and well-researched thesis informed not only by my own conclusions, but by the information obtained from others, particularly those in the know.

Whether I was right or wrong about Musk (or neither), I was out of line. I took one comment Musk made in front of a sell-out crowd at SXSW and ignored everything else he said. The thing he said about parenting his kids rubbed me the wrong way and I ran with it. That's the type of thing so many members of the media do to people on a daily basis. I did it. And I am angry with myself for falling victim.

There's good journalism -- constructing the bear case against Netflix, calling out the music industrial complex for its stance on royalties or (non)approach to local music promotion -- and then there's what I did to Musk.


I take what I do seriously. I don't mind being wrong, but this is different. So, without any pressure from Musk, I decided to do the right thing, admit I was wrong and apologize.

Thursday, Musk gave me the opportunity to do that during what turned into a 45-minute phone conversation. Short story even shorter: he graciously accepted my apology.

And then we talked about a lot more, particularly pertaining to Tesla and the Model S.

Musk said something that surprised me. I told him I didn't understand why he decided to introduce a special financing program last month. It seemed to me that, if demand among the affluent was high, why bother making the Model S more "affordable?"

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs