Panasonic CEO says Tesla's Elon Musk a 'genius' who can be 'overly optimistic'

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Panasonic CEO says Tesla's Elon Musk a 'genius' who can be 'overly optimistic'
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Tesla's Chief Executive Officer Elon Musk is 'a genius who defies common sense and can be overly optimistic,' Panasonic's CEO said on Tuesday, as ...

Tesla's Chief Executive Officer Elon Musk is"a genius who defies common sense and can be overly optimistic," Panasonic's CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.

Panasonic Corp President Kazuhiro Tsuga attends a joint news conference with Toyota Motor Corp President Akio Toyoda in Tokyo, Japan, December 13, 2017. REUTERS/Toru Hanai/FilesTOKYO: Tesla's Chief Executive Officer Elon Musk is"a genius who defies common sense and can be overly optimistic," Panasonic's CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.

"I believe only geniuses can hold onto big visions, and a genius I know is Elon Musk," Kazuhiro Tsuga said at an event for young entrepreneurs.The remarks on Musk come as Panasonic and Tesla Inc are in talks to expand their joint battery plant in Nevada after production troubles and delays at Tesla strained their partnership over the past few years.

With excessive optimism, a genius like Musk can ignore what is inconvenient and run straight ahead towards his vision, Tsuga said at the event."Compared to that vision, most things don't really matter."Panasonic's partnership with Tesla dates back more than a decade, but it was Tsuga who made a US$1.6 billion bet on the Nevada battery factory.

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