The Late Charlie Munger on Elon Musk and Tesla

Re: my post today on the still-vaporware Tesla Roadster and Benedict Evans’s maxim that “Elon Musk is a bullshitter who delivers”, a reader sent me this YouTube short of Charlie Munger’s answer to a question at Berkshire Hathaway’s 2020 shareholder meeting regarding Tesla’s volatility and Musk’s self-promotion. Munger said:

My thoughts are two. I would never buy it, and I would never sell it short. [Audience laughs.] I have a third comment. There was a man out in Los Angeles for years named Howard Ahmanson. He once said something that I’ve taken to my heart: “Never underestimate the man who overestimates himself.” I think Elon Musk is peculiar and he may overestimate himself, but he may not be wrong all the time.

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