Elon Musk is ‘one of the great entrepreneurs’ of the last 100 years, says Morgan Stanley’s CEO: According to James Gorman, the CEO of Morgan Stanley, Elon Musk is considered to be “one of the greatest entrepreneurs” of the past century, credited for his achievements with companies like Tesla, SpaceX, and The Boring Company.
In a recent interview with Bloomberg TV, Gorman discussed the loan from Morgan Stanley that helped Musk in funding the acquisition of Twitter.
While Gorman clarified that Morgan Stanley would not own Twitter, he referred to the social media platform as a “great company” before he praised its new owner.
Gorman stated, “Elon Musk is one of the greatest entrepreneurs and businesspeople in the last century. And that’s not an exaggeration.” He further highlighted Musk’s remarkable abilities, citing examples like The Boring Company, SpaceX, and Tesla.
Although Musk did not found Tesla, he has become synonymous with the electric vehicle leader. His involvement with the company started with a $6.5 million investment during a Series A funding round, eventually leading to his appointment as chief executive in 2008.
Elon Musk has had founding roles in several other endeavors, including Zip2, PayPal, and SolarCity, which is now a part of Tesla.
Furthermore, Musk co-founded OpenAI, the company responsible for developing ChatGPT, but resigned from its board of directors in 2018 due to conflicting interests in artificial intelligence with Tesla.
Additionally, Musk co-founded Neuralink in 2016, a company focused on researching and developing brain-machine interfaces.
Despite widespread calls on Wall Street for Musk to prioritize Tesla over Twitter, Gorman expressed confidence in Musk’s ability to lead Twitter, which is currently undergoing a significant restructuring and facing potential bankruptcy.
This praise for Musk comes despite criticism from analysts such as Dan Ives from Wedbush, who accused Musk of being “asleep at the wheel” at Tesla, and from Leo Koguan, Tesla’s third-largest individual investor, who has taken a step back from his previous support of Musk.
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