Elon Thinks Tesla Stock Is “Too High”
Elon Musk has pressed the self-destruct button, aka, he tweeted again. This time, he manipulated the market by saying, “Tesla stock is too high.” Right on cue, the stock dived, and his personal fortune sank three-billion-dollars!
Investors want to know what’s up. There have been many theories ranging from simple boredom to a mental breakdown, from marketing to an alien trip. The underlying reason for his outburst, however, may be that he just doesn’t respect investors.
Elon Musk is at least trying to do something good for the world. He’s already given us PayPal. He’s trying to fix L.A. traffic. He’s got plans to make humanity an interplanetary species, and yet all the fund manager does is leech on those exploits for personal gain.
Elon says he “does not respect the Securities and Exchange Commission (SEC), only the justice system.” He should then, in theory, accept the fine coming his way from the financial markets regulator. But what if it’s more than a fine?
We’re talking about a serial reoffender, here. Musk infamously tweeted about taking Tesla private at $420 per share last year, “funding secured,” so if watchdogs have finally had enough of his disrespect, he could be ousted from his CEO position.
If that happens, Tesla stock is almost certainly “too high” at its current levels. It would fall like a ton of bricks without him at the helm. Elon is key to the brand and inspiring the markets. He promises big things that earn Tesla a cash flow from constant reissuances of new stock.
That won’t last forever, though. The market tapping must fund something real, and pre-corona, deliveries were only going up because prices were coming down. Post-corona, perhaps Musk is trying to tell us something serious with this tweet. Could it be?
