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Maybe I'm naive, but isn't the market cap of Tesla twice that of Volkswagen, a company that sells 10 million vehicles each year? How can the question be "why i
by Udik 7y ago
Maybe I'm naive, but isn't the market cap of Tesla twice that of Volkswagen, a company that sells 10 million vehicles each year?
How can the question be "why is the price too high"? I feel like the price of Tesla is as disconnected from any physical reality as that of bitcoin. Pure speculation, in other terms.
- neaden 7y agoThe point is that the CEO of a company has certain duties, and tweeting like this goes against them. Consider how easy it would be for a CEO to manipulate the stock market with statements like this to enrich themselves or people they've informed. In addition, Elon Musk has been fined by the SEC before for making statements like this.
- fastball 6y agoI don't agree. The duty of a CEO is to be honest.