 It's dangerous to invest in Tesla because if Elon Musk is gone, Tesla will be gone. We heard it over and over again, Tesla has key person risk. But is it really that risky? To be frank, I was once so stubborn and I thought it was so risky to invest in Tesla because Tesla has key person risk. But after exposing myself to days and days of research listening to what other findings that Tesla researchers like Chicken Genius, Steven from Solving the Money Problem, I realized that I was so wrong. Hello everyone, I'm Chloe and welcome back, a channel dedicated to inspire and help women to start investing and gaining financial independence. And of course, if you are a smart guy, you are welcome too. Before I share with you why I think it's ridiculous to consider not investing in Tesla because it has key man risk, let me share with you a little bit more about the history how these key person risks even come about. Many value investors believe that if a business relies heavily on a key person or a group of few key people, then it has key person risk. The most famous investor on earth, Warren Buffett once said, You should invest in a business any fool can run, because someday a fool will. There's nothing wrong with this statement because not all CEOs are capable. And that's why it's so important to invest in business that have solid business model, very good system that can run smoothly without having a very very talented CEO. Just think about McDonald or KFC, do you even know who the CEOs are? You don't really care because they are super super solid and stable business. But the question that you need to ask yourself is, do you just want to invest in very stable and mature businesses? Because these businesses generally have a much slower growth rate. But if you are a growth driven investor like me, then you should definitely look into more disruptive companies like Tesla. But the thing is, a full CEO will never be able to make Tesla the Tesla we know today. After reading the book written by Ashley Vance, I go to realize that why people are so supportive of Tesla and why people are so supportive of Elon Musk? Because Elon is indeed a very great leader with unwavering determination, great vision, as well as extraordinary talent. He doesn't just say things, whatever things that he said, he made it happen. He had that entrepreneurial spirit ever since he was 12 years old. And he started multiple business such as very well known business like PayPal. But I think the most extraordinary business that demonstrated his unwavering spirit as well as his leadership quality, his character is SpaceX. Traditionally, space exploration is a super expensive project that it's government funded and most of the time it's so tough because it requires so much talent. But Elon wanted to revolutionize the aerospace industry and making affordable spaceflight a reality, so that humanity can be multi-pandentary and have a brighter future. Because we all know that the resources on the earth is finite. When he first started SpaceX, he knew nothing about rocket. But within a short period of time, he learned so much by himself that he knew every single component that a rocket truly made. He funded SpaceX using his own wealth from the money that he actually made by selling his ex-company. But the SpaceX rockets fell three times, burning hundreds and millions of dollars. And as a result, the company almost went to bankruptcy. Despite all the difficulties that he faced, he pushed on and really motivated his team to continue to stay on the vision. And eight years after he started SpaceX, his rocket finally launched successfully after the fourth attempt. His relentless pursuit to drive innovation, to bring down cost, and most importantly, his vision and mission to make the world a better place completely revolutionize how an aerospace industry will look like. And the same principle, the same quality, the same attribute that he applied to Tesla made Tesla the most valuable automakers in the world today. On top of that, Tesla is also going strong in the energy sector, having the potential to revolutionize both the energy as well as the automaker industry. If there's no Elon Musk, Tesla and SpaceX won't even come to existence. And do you think Elon will quit? No, in my opinion. Not until he really fulfills his mission. In fact, Elon doesn't even take a salary from Tesla. All his wealth is directly tied to the long-term success of Tesla because he is the largest shareholder. So he definitely has a skin in the game together with all the other shareholders. So do I want to have a key man like Elon to run Tesla? The answer is definitely yes. But some of you may be wondering, hey, but what if Elon passed away one day? What will happen to Tesla? For sure, anything comes with risk. But it will be ignorant to say that hey, I don't want to invest in Tesla because Tesla has key man risk. Because at the end of the day, we can never predict the matter of life and death. This is something that we can't control. But what we can see for sure is, Elon will work super hard to make his vision come true, which is to really make the world a much better place and a much greener place to live in. And of course, at the end of the day, what makes a person a successful investor is the person does portfolio sizing. If you do have a diversified portfolio, and with Tesla being one of the disruptive companies that you are investing in in the long run, that's how your wealth will also grow. I hope you find today's video helpful. Do remember to click the like button as well as subscribe to my channel so that you can be up to date whenever I release new content on my investment insights. Oh, by the way, I also have a telegram channel where I constantly update my daily investment insights. So if you do want to have more up-to-date insights every single day, click on the link below to subscribe to my telegram channel. And I will see you in the next video. Bye.