Elon Musk was ‘one of the greatest entrepreneurs’ of the last century: Gorman

• Elon Musk is “one of the greatest entrepreneurs” of the last century, according to Morgan Stanley CEO James Gorman.
• “This guy has an extraordinary ability,” Gorman told Bloomberg Television.
• He added that Twitter, which Musk recently acquired, is also a “great company.”

Morgan Stanley CEO James Gorman said Elon Musk was “one of the greatest entrepreneurs” of the past 100 years, citing Tesla, SpaceX and The Boring Company.

In an interview with Bloomberg TV on Thursday, Gorman discussed his bank loan that helped Musk finance the acquisition of Twitter.

When asked if Morgan Stanley would end up owning Twitter, he said no, but called the social media platform a “great company.” He has since pivoted to its new owners. .

“Elon Musk is one of the greatest entrepreneurs and businessmen of the last century. It’s no exaggeration,” he said. “Just think of the Boring Company, not to mention SpaceX, not to mention Tesla.

Elon Musk didn’t find electric car maker Tesla, but it has since become synonymous with the leader in electric vehicles. His involvement began with him investing $6.5 million during a Series A funding round before becoming CEO in 2008.

Musk’s other endeavors include Zip2, PayPal, and the role of founder of SolarCity, now part of Tesla.

Musk also co-founded OpenAI, the company behind ChatPGT, but resigned from the company’s board in 2018 over a conflict of artificial intelligence interests with Tesla. Separately, Musk said that in 2016 he co-founded Neuralink and worked on “brain-machine interfaces.”

Gorman also suggested he was confident in Musk’s ability to lead Twitter, which is undergoing a major restructuring and could face bankruptcy.

When asked about the Morgan Stanley loan, he said: “We are very happy with our position.

The accolade comes despite widespread calls on Wall Street for Musk to focus more on Tesla than on Twitter.

For example, Wedbush analyst Dan Ives said Musk was “sleep behind the wheel” at Tesla, while Leo Coguan, Tesla’s third-largest individual investor has withdrawn from being an avid fanboy of Mr. Mask.

“Elon ditched Tesla and Tesla has no active CEO,” Koguan tweeted last month. ‘Tesla needs and deserves to have a full-time CEO’

Meanwhile, Twitter reported a 35% drop in revenue on Wednesday. At the same time, Twitter began raising cash by auctioning various assets, including office supplies such as projectors, whiteboards and chairs.