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CEO: Tsunami of Hurt Coming for Those Shorting Tesla
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Spacex CEO Elon Musk talks to FBN's Liz Claman while giving an exclusive tour inside Tesla's Model S Plant.
- Duration 6:28
- Date Sep 13, 2012
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Spacex CEO Elon Musk talks to FBN's Liz Claman while giving an exclusive tour inside Tesla's Model S Plant.
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And -- who could resist that would prove that.
Good -- is Jamie had -- that thank you so much.
While we're pausing for animation and about height of the financial crisis the Big Three automakers were in serious trouble ultimately GM and Chrysler had to be bailed out.
By the government but all the while another auto company.
Was tuning out the drama -- ripping up the assembly lines in Silicon Valley it was Clinton has the story line from Silicon Valley.
In day two of three days and the value.
List.
And we are here at Hewlett-Packard -- which has the same sort of spirit as Tesla Motors the company you were just talking about but.
I wanna take you inside the first time cameras have come inside here this is -- flexible.
Display lab now what do I mean by that.
At some point.
When they can figure out how to make it happen and they're doing it fast you'll actually have a screen that could roll up this is a part of that that -- roll up.
Like a newspaper and you could be able to put it.
Under your -- or carry it out -- fold it into.
Say for example your suitcase unbelievable that's Albert he's one of the geniuses here at HP labs but.
Again as they work on the flexible display you can -- that they're taking.
Thin film and -- components of what would be the display the screen.
Into what is a flexible concept of what would -- look what we'll hear this this is the piece.
You can see the circuit boards actually put on -- I mean it's beyond cool with that could do here at Hewlett-Packard where we are -- but.
You know going back to test what we have been following that startup for many many years we've been with the CEO Elon Musk.
As he had his first -- the roadster out -- -- -- 2500 of those made.
Now they're working on the model -- but he also has a rocket ship company where.
The dragon capsule we can imagine -- rocket ships that the bracken capsule that we follow up many many years ago.
Finally have its major success where it docked with the International Space Station but going back to Tesla what started as a simple idea has now become a an unbelievable assembly line that we've got a behind the scenes rare look at.
And way to his see how he's doing things completely different -- relief from the three big auto makers.
-- won't tell us what this is right here.
Importantly this there -- all painted bodies so this is his -- that we're we're we're extent that the panel's we've assembled panels.
Well we've been together.
And and and this fiscal truck page show.
Now the bottle -- power orders trending right now.
Doing really well.
We.
We continue to see.
Order growth.
With every quarter of seeing more more interest in the car so that's a very good sign of that that the interest in the cars actually growing for one quarter of the next.
And we actually have a big backlog of customers you're doing forty cars a week out of this plan -- correct for the model us.
More we gonna do more than that this week probably.
One point double okay that's news because last week we were told it was forty the -- for -- -- was put in keywords so now.
Double that I think it's probably gonna be double that the street -- pro -- -- -- -- cars street -- the logical question then is are you hiring.
We -- -- severe impact it has us now over 3000 people and in the last six to eight months to -- -- thousand people.
This plant here.
Was a Japanese cars -- like.
-- gym but primarily through.
Surely you've studied the Big Three automakers.
Have you learned some.
From their mistakes and what are things that they've done that you say we will never -- here Tesla.
We will never make about further.
New -- would -- -- woman have a ship of a product that is the best part is this very compelling.
And I think that's.
If you -- companies.
The decisions have been made.
Kind of from the CFOs office and it's not.
You know it's all been about some of squeezing a penny here and there are not worry about whether it's a compelling product and I think that's -- -- do you really want people -- You know experience a moment of Mexican wonder when -- receive -- product.
This line and as a nonunion plant correct that's correct would if you read -- or you can -- when it was -- spokesman Jim I was.
Is that something you want a wolf boy who you know we're we're neutral on -- subject.
But this would never even been a union vote we've not been any anti.
But this -- this is he seemed to be any desire on the part of people here to to forming.
Its stock by the way up 28%.
Year over here but there's a pretty big short position on it.
-- -- pretty well actually given that risks we're such a few short position.
In fact I think the short position may be as highest as one can actually got to think that they're mostly in the ceiling on on this -- position -- -- or are in the -- -- -- they are 100% wrong.
I I think we're it's very unwise to be shorting Tesla.
I mean.
This is very analyzed I think there is.
There's a tsunami of -- coming movement for the short those leaders who neutral position.
I was going to be very.
Very unpleasant I had bicycle to exit -- -- is time.
Us and not be a part by the way Elon Musk of -- look at stock options.
To every employee no matter what they do on the floor or in the operation.
Everybody -- stock option so pretty interesting coming up in the 3 PM eastern hour part two of my conversation my exclusive talk with Elon Musk.
We're going to be talking about.
What if Mitt Romney were to win would the future look like because -- the president Obama's administration and President Bush hasn't been very supportive of the electrical vehicle concept.
Four -- Elon Musk and from Hewlett-Packard -- -- Fox Business exclusive she has not given an interview in quite some time but there's a lot to talk about with Meg Whitman met.
The CEO of Hewlett-Packard just days away from her one year anniversary.
Where do things stand in her transformation.
Of this company which is trying to regain that iconic status as the world's largest PC maker back to you.