Elon Musk’s space technology company SpaceX:n and an electric car company Tesla’s unification would be a difficult thing for the investor in the short term, OP Pohjola’s head of equity investment estimates Juuso Kenkkilä Kauppalehtin Economic morning on Thursday.
“Everyone says these are so profitable and pay for themselves. But why the hell do you need someone’s money all the time to do everything?” Kenkkilä wondered, referring to the external funding needed for Musk’s visions.
Kenkkilä stated that SpaceX and Tesla’s problem has been that they haven’t made enough money and they can’t invest like their competitors.
“And even now, all investment must be made with someone else’s money. Investment banks will benefit from this,” Kenkkilä said.
He called for a critical approach to the banks’ purchase recommendations.
“Analysts are probably under a lot of pressure from above that they must be positive now, because there will be so many financing rounds from which the bank will make so much money that everyone has to play the game there. We have to be critical when we listen to those stories,” Kenkkilä said.
You can watch Thursday’s Financial Morning in its entirety below.