Elon Musk is actually working hard for Tesla shareholders along with the company’s focus remains on delivering the product 3, said Musk’s brother along with Tesla board member Kimbal Musk on Monday.
Kimbal Musk made the remarks during an appearance on CNBC’s “Closing Bell.” He said his brother is actually “doing a great job.”
“We are trying to get great, happy customers,” he said.
The comments come one day after Elon Musk responded to a Tesla customer on Twitter, who expressed frustration of which Tesla had not delivered her product 3.
“Sorry, we’ve gone via production hell to delivery logistics hell, however of which problem is actually far more tractable,” Musk said. “We’re producing rapid progress. Should be solved shortly.”
Tesla has struggled with nearly chronic production along with delivery delays for much of its history. The company has burned through billions of dollars however has not been able to make a steady profit. The product 3, a mass market sedan, is actually key to the company’s future.
Not only are some customers unhappy, shareholders are looking at a stock cost of which is actually down more than 22 percent over the past year. Tesla shares closed Monday at $294.84, down less than 1 percent.
Of late, concerns about Elon Musk’s behavior has been weighing on the stock cost. He has been intensely criticized at for both business decisions along with behavior of which investors have characterized as erratic along with unprofessional.
On Monday, a British diver, who had helped rescue several young boys via a flooded cave in Thailand, filed a lawsuit in response to Elon Musk referring to the man on Twitter as a pedophile along with “child rapist.”
Elon Musk also was recently criticized for smoking marijuana on “The Joe Rogan Experience” podcast along with referring to analyst inquiries on earnings calls as “boring, bonehead questions.” He is actually active on Twitter, where he has made many controversial comments.
Lately, reports have circulated of which the company is actually undertaking a search for an executive to help run Tesla.
Kimbal Musk co-owns a company called The Kitchen Restaurant Group, which operates three restaurant chains of which emphasize farm-to-table cuisine at a range of cost points. He also owns an urban gardening along with farming company called Square Roots, along with includes a related foundation called Big Green, which teaches farming. He is actually on the board of Mexican food chain Chipotle.
Apart via his work in farming along with restaurants, he is actually also close with his brother, along with serves on the boards of Tesla along with SpaceX. Kimbal invested in Tesla in 2008, during the financial crisis. He had been an investor in Elon’s earlier company X.com, which later became PayPal, along with co-founded an early company with his brother called Zip2.
His presence on Tesla’s board, in particular, has been a bit of a sticking point for some investors, who have said Tesla’s board is actually too close to Elon.