He claimed that if he did not do the financing, Tesla would not have been able to sell 20,000 sedans in North America. I hadn't heard that before. Everything I read had a quote similar to the one in this Forbes article: "We do have plenty of demand for the car even without a finance product, but as much as possible I'd like to expand the affordability of the car."
That's much different than we would not have hit our number if we did not offer this financing scheme.
Musk told me he had mentioned this point in interviews that coincided with last month's announcement, but nobody "picked up on it."
Not earth shattering, but interesting nevertheless. Given what I see every day here in Santa Monica and what
Anton Wahlman reports seeing in Silicon Valley, I didn't think Tesla required any additional bells and whistles to sell cars to the upper crust.
Otherwise, the big thing I learned from our conversation: Don't allow the media to shape your perception of another person, particularly a celebrity. I have learned this dozens of times over in my 38 years. The media treats Musk as a spectacle. As the second coming of Steve Jobs. As a superhero. When I asked him about his celebrity, he was reluctant. Musk claimed that outside of Southern and Northern California, most of the rest of the country doesn't know who he is . . . or at least doesn't care quite as much. Talking to Musk is no different than talking to the baker or shoe cobbler down the street who is hyper-passionate about what he does. He's unassuming. Not even close to pretentious. He speaks about helping electrify motor vehicle transportation like the baker talks about making the perfect donut or the shoesmith discusses replacing the sole on a worn out pair of boots. Musk thinks Tesla can be the No. 1 electric vehicle maker, even when it enters the mass market and, presumably, competes with the likes of Ford (F - Get Report) or General Motors (GM - Get Report). But I do believe him when he tells me Tesla doesn't have to be No. 1 to be successful. And that he would be thrilled to see another automaker produce a better electric vehicle if that took the sector closer to mass adoption. I can't claim to have come away from my conversation with Musk knowing whether or not he's the next Steve Jobs. But I can confidently say this -- based on a mere 45 minutes of interaction -- I don't think he really cares. Follow @rocco_thestreet -- Written by Rocco Pendola in Santa Monica, Calif.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts