The article discusses Tesla CEO Elon Musk’s efforts to save the company during its early struggles. According to Michael Jonas, a former Musk advisor, Musk slept on the floor of Tesla’s factory in 2018 to oversee production of the Model 3 sedan. Jonas believes that Musk’s dedication and willingness to make personal sacrifices were crucial in turning Tesla around. The article also mentions that Tesla’s stock price has soared in recent years, making it one of the most valuable automakers in the world. However, the company still faces challenges, such as competition from legacy automakers and supply chain issues. Despite these challenges, Jonas remains optimistic about Tesla’s future, citing Musk’s leadership and the company’s innovative products.
Source: https://www.businessinsider.com/tesla-stock-price-outlook-sleep-on-floor-elon-musk-jonas-2024-4