Musk Wants X “Right”, Fool Says “Think Long Term”

On a story dated November 18 appearing in NASDAQ, originally on The Motley Fool, Musk is quoted as saying:

“We prefer to forgo revenue, rather than bring a product to market that does not delight customers,” said Elon Musk, Tesla’s chief executive, in the Q3 shareholders letter.

“I do think the X is going to be something quite special. But it is hard to engineer and hard to produce,” Musk explained on a recent call with analysts. “I think people will appreciate that we got the details right,” he continued. “It is like the difference between a diamond with a flaw and a diamond without a flaw, but it is damn hard to do that. But that is what we are going to do.”.

What it comes down to is this: Tesla Motors is sacrificing near-term profits for long-term success. The company is thinking big-picture, and investors should as well.