"If you get caught up in all this stuff around the edges -- he may mistweet from time to time," he said, alluding to Musk's tweets about Tesla production numbers and funding, which have gotten him in"My point is, who cares? Your job as a smart investor is to separate the facts and the news from the fiction and the noise," Palihapitiya said.
Palihapitiya said he continues to hold Tesla stock because Elon Musk has been able to deliver on promises on a larger scale years down the line. Musk's misbehavior on Twitter and podcasts shouldn't matter, he said, because demand for Tesla cars is strong and exceeds other players in the electric car market.
"All of that stuff doesn't matter. It doesn't change the fact that tens of thousands of consumers are buying that car faster than they can get their hands on it. It doesn't change that as soon as you sit inside that car, your definition of what is expected is altered forever," he said. "At the end of the day, whether you like his style or not, his substance is irrefutable," Palihapitiya said of Musk. "People are betting against his style. Betting against entrepreneurs who are changing the world has never been a profitable endeavor."
... 'but the reality is being long equities makes sense; being long innovation makes sense. Betting against entrepreneurs who are changing the world has never been a profitable endeavor. Why start now?” he added.
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