Paul Mampilly, one of the top investors in the United States, believes that Elon Musk, CEO of Tesla, is a victim of fame getting in the head. Since May, Tesla stock has been losing value. Why? Elon Musk outbursts in the media have affected it. He failed to answer questions about the company’s profitability well. His outbursts, however, have nothing to do with Tesla according to Paul Mampilly. He believes the biggest danger to Tesla is the manner in which Elon Musk is handling criticism. Despite his outburst, the company is still one of the best in the world. It is leading in the electric automobile industry and storage of affordable energy and solar energy.
Paul Mampilly agrees that Tesla is going to perform very well in the future, but attention needs to be on the company and not the Elon Musk. Tesla is expected to release the third quarter data and expectations are that it will release promising figures. Mampilly argues that such results will show that despite Elon’s outbursts, the company is still performing well. Mampilly adds that there is no reason to make investors run away from Tesla since the company is bigger than Elon. The data will be promising and will reinstate investors’ the confidence in the company.
About Paul Mampilly
Mampilly is a prominent investor in the United States. He is the winner of the Templeton Foundation competition. He won the competition after scoring the highest return percentage. Each investor received $50 million to invest in one year. At the end of the competition, he emerged the winner with a 76 percent return. The competition had drawn best financial experts from the Wall Street. It happened during the Great Recession of 2008.
Paul Mampilly has spent two decades in the Wall Street. He has worked with small institutions and the largest. He has worked at Bank of Scotland and ING before becoming a hedge fund manager at Kinetic Asset Management. He assisted this fund to grow its finances from $6 billion to $25 billion, at 26 percent increase every year. He is also the author of “Profits Unlimited,” a newsletter that offers advice to average investors in the United States.