The article discusses how the earnings reports of Tesla and Meta (formerly Facebook) demonstrate the influence of Elon Musk’s words and promises, even when they may not be fully realized. Tesla’s earnings beat expectations, driven by strong demand and Musk’s ability to generate excitement around the company’s products and vision. However, the company fell short of Musk’s ambitious production targets. Similarly, Meta’s earnings showed a decline in revenue and user growth, but Zuckerberg’s promises of the metaverse and AI kept investors hopeful. The article highlights how Musk and Zuckerberg’s charisma and grand visions can sway investors and the public, even when their companies face challenges in meeting stated goals. It suggests that their ability to captivate audiences with their ideas and personalities can sometimes overshadow operational realities.
Source: https://www.businessinsider.com/tesla-meta-earnings-prove-power-of-musk-word-despite-promises-2024-4