Originally posted on Quartz:
“We’regoingtospendstaggeringamountsofmoney,” Tesla CEO Elon Musk declared last week on an earnings call. Not many CEOs would speak with as much candor about how they plan to use their shareholders’ capital. But then again not many CEOs are as bold as Elon Musk.
This comment came during an eventful earnings call during which Musk a) claimed that in a decade’s time, Tesla could be worth as much as the most highly valued company in the world, Apple, is today; and b) revealed that the company is designing a battery to power your home. And it seems to have taken even some of the company’s biggest supporters on Wall Street by surprise.
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