By Gene Munster and Doug Clinton of Loup Ventures
Tesla announced that Larry Ellison and Kathleen Wilson-Thompson joined the company’s board effective this past Thursday. We’ve hoped Tesla would add more independence and influence to its board and believe this announcement is a strong step forward to that end.
Larry Ellison is a rare peer to Elon Musk, given he built one of the world’s largest and most important technology companies. In many ways, Larry was “Elon” before Elon was Elon. Or maybe Elon is the new Larry — the boldest of tech entrepreneurs. Either way, we see Ellison as someone that may be able to influence Musk when he veers into unhelpful or unhealthy territory. There may be some apprehension around the independence of Ellison given that he and Elon have been portrayed as friends, but we note that Ellison previously served on Apple’s board, working with one of his best friends, Steve Jobs, from 1997-2002. We don’t expect the friendship between the two, however deep, to influence Ellison’s advice to Musk.
While Ellison is the obvious headline add to the board, Kathleen Wilson-Thompson brings a skillset important to Tesla: HR. We’ve previously written about the talent drain at Tesla, some of which seems to be due to Musk’s behavior. We think that Wilson-Thompson working with Musk at the board level could be influential in helping the company add new talent, which will be critical in building a sustainable organization.
Disclaimer: We actively write about the themes in which we invest or may invest: virtual reality, augmented reality, artificial intelligence, and robotics. From time to time, we may write about companies that are in our portfolio. As managers of the portfolio, we may earn carried interest, management fees or other compensation from such portfolio. Content on this site including opinions on specific themes in technology, market estimates, and estimates and commentary regarding publicly traded or private companies is not intended for use in making any investment decisions and provided solely for informational purposes. We hold no obligation to update any of our projections and the content on this site should not be relied upon. We express no warranties about any estimates or opinions we make.
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.