Alejandro A. Tagliavini *
The founder of the electric car factory Tesla is being rewarded for better defending nature, not only by creating less polluting vehicles but, so much more important, by better defending human nature.
John Authers wrote that the news of Moderna’s vaccine should at least be as important as that of Pfizer, but it was not for the markets that hit all-time highs with Pfizer but then cooled off and did not appear to have reacted with the second vaccine, rather they seem disappointed, and that is that the people is beginning to find that politicians have fallen in love with confinements and will not leave them easily.
Moderna’s shares are up more than 400% so far this year, but Tesla’s are up more than 600%. Days ago, S&P Dow Jones Indexes announced that Musk’s company will be included in its main stock index on Wall Street, the S&P 500, next month, becoming the largest company ever admitted in terms of market capitalization – what they are worth all its listed shares – which is around 500,000 million dollars, surpassing General Motors, Ford, Fiat Chrysler, Honda and Volkswagen added together, although it does not produce even one hundredth of the vehicles produced by these brands.
Only the increase in capitalization when the news of its inclusion was known was about 50,000 million dollars, while the total capitalization of Moderna, after all the excitement, is 39,000 million dollars. In other words, the S&P 500 selection committee has managed to create more market value by adding Tesla to an index than the Moderna team of scientists by inventing a vaccine.
Many have been predicting the collapse of Tesla for months, it is that they do not understand that, just as consumers do not value prices for the cost of the product for the entrepreneur but for what is convenient for each buyer, those who buy shares are not interested in the balance sheets of the companies, but they buy when they sense that this stock has the potential to rise, for different reasons.
Many like to talk about “expectations”, but it is more like “hope” because expectations refer to the forecast that the company’s balance sheet will be exceeded in the future, while hope refers to clear and progressist ideas, with important advances and firm leadership that can reach achievements unthinkable today.
And Elon Musk is one of those leaders who, still far from being perfect -in another opportunity I can write important critics-, among many other achievements, had the audacity to challenge and beat the quarantines, that violation of the human right to freedom, freedom to live one’s life, to the natural inclination of man to be free and work. Then he “privatized” the space race with his company SpaceX, making it much more efficient and opening to humanity the infinite panorama of the universe.
Thus, Musk earned 7.2 billion dollars in one day and became the second richest man on the globe with a fortune of 127.9 billion, adding 100.3 billion dollars to his net worth this year. Leaving behind the toxic Bill Gates, whom he called “airhead”, who since he has stopped working seems to dedicate himself to creating panic predicting the end of the world.
Elon Musk, is writing the history of the future …
* Senior Advisor at The Cedar Portfolio and Member of the Advisory Council of the Center on Global Prosperity, de Oakland, California