Jim Cramer, on his Tumblr:
Elon Musk can say whatever the heck he wants and get away with it, Tim Cook has to watch every last word even as he has repeatedly delivered the goods.
And:
First, [Musk] produces a quarter that is in line, meaning that he’s losing about $19,059 per car, near a record high.
Second, even as he doesn’t even make the number of cars he promised for the quarter – 17,000, below the 19,000 that analysts were expecting – he’s now projecting he will make 500,000 cars by 2018 and a million by 2020.
His transparency is shameless. While he boasts the seemingly impossible – and I put “seemingly” in there because otherwise I am just calling him a liar, and I think he believes the numbers – he uses the forecast both to urge you to send more to him and to raise more money from Wall Street.Who else but Musk could say: “If you place your order now, there’s a high probability you will actually receive your car in 2018.”
On Tim Cook:
Cook forecasted almost perfectly for the quarter just reported. Yet I defy you to find more than handful of stories that didn’t typify the quarter as a huge shortfall. It was right dead in line, for heavens’ sakes.
As for the forecast? What was Cook supposed to do? Make up one that showed better numbers than he can deliver? Given what he has in the pipe, and what he can see, barring a surge of orders for the new iPhone SE – something that’s entirely possible if you extrapolate comments from supplier Qorvo last night – he had to do what he did to reset growth for the quarter.
Whatever your take on Jim Cramer, there’s something to his comments. Musk is running on promises of growth. Tim Cook has delivered growth and posts accurate projections.
Doomed.
Elon Musk’s job is to be the PT Barnum of the age.
Tim Cook’s job is to run Apple, Inc.
both do pretty well at their work. I assume they would fail if they traded places.
“Elon Musk’s job is to be the PT Barnum of the age.”
Funny, I thought that was Cramer’s job.
I think the comparison is a bit uneven. Elon Musk is a technologist. Tim Cook is an operation mastermind. So we expect Cook to be precise and deliberate. And we expect Musk to inspire and innovate.
Second, even as he doesn’t even make the number of cars he promised for
the quarter – 17,000, below the 19,000 that analysts were expecting
In fairness to Musk – who I am also bearish on – “analyst expectations” are not something he promised, any more than Apple can be blamed for meeting its own guidance, but not that of “analysts”.
keep in mind that despite a science degree Musk began and made his money with a city-guide web company, which merged w/ CitySearch.com. then another web company, which merged w/ PayPal.com.
Listen to grubers latest podcast. Will make you think
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