Bloomberg Surveillance · Monday, August 3, 2026
Sarah Conce believes Elon Musk faces a 'chicken little problem' where his promises, like self-driving cars being two years away, are no longer readily believed by the market. She notes that the 'mania' surrounding Tesla has cooled, and investors are increasingly scrutinizing fundamentals over visionary rhetoric.
“So there's a problem when you keep telling people things and they don't come true. And so I think he has a bit of a chicken little problem at this point where people just are starting to not believe no matter how much they like him, that he will deliver what he says when he says it.”
“And then on top of that, a lot of people don't like the guy. They've heard enough, they've seen enough, and they're kind of sick of it.”
“And so I think that sort of mania that took over Tesla for years of believing that he could do, you know, the impossible, has really really cooled.”