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Zhelko Dimic
Careful bull
Seems like it but he needs to care about the general trend as i bet the higher stock price in recent months is helping him fend off UAW.
Right. And it was noteworthy enough to get Chanos to climb out from wherever he has been hiding for the last 5 months and start pushing the short trade on Tesla again using this quote.
And was right to do so. If the ceo of a company says the stock is high, why should I argue otherwise? Sigh.
racer26
Active Member
I don't believe he did, and until such time as we have confirmation, I'm operating on the assumption that its the Guardian's unscrupulous author mixing in an old quote to paint the stock in a dark light.
That is what Elon said extremely clearly in a pair of twitter posts a month or two ago. What's more, he said it in a manner voicing considerable confidence in the current valuation, not skepticism.
I'd dig up twitter posts and share here, but, a little pressed for time on the moment.
Very possibly you might be a bit exaggerating. As a reasonably broad reader, US Fox News and CNBC, For England I read The Times too. However in the main, the English circulation is strongly right, led by Mr Murdoch with The Sun while
The Times is not so popular. FWIW I also read Mr. Murdoch' Wall Street Journal.
The Guardian is not quite so clownish as you imply, certainly not more clownish than The Sun.
The point, from TSLA perspective, is that The Guardian is sympathetic to labor union organizing. Thus critics of Tesla labor practice will get a loud hearing. I doubt you disagree, though you obviously want to be polemic. I do not, I just want to understand the perspective of any news coverage of TSLA.
Yeah I don't mind this twitter quote.
Elon Musk on Twitter
"Exactly. Tesla is absurdly overvalued if based on the past, but that's irrelevant. A stock price represents risk-adjusted future cash flows."
But the Guardian quote, if it is a quote, is not the same wording or even the same sentiment.
Thanks Al. I'm a bit busy at the moment, but, I just wrote IR a note on this : )
Appreciate your finding that. The point of my post was pinning down for another member where specifically Elon had very recently made this rather contrary comment to what the apparent Guardian cut/paste montage seems to imply, not in anyway an assertion that it was one of the sources of the Guardian's very very likely cut and pasting play.
I am not sure why all the tizzy re: Elon's quote. Do I wish he hadn't said it? Yes. But in context to me it's quite clear that he is saying that as a company they are not taking advantage of their workers to rake in fat profits. Rather they are all working hard to try to achieve the high expectations that are assumed by the current high market cap. He's saying, IMO, that unless they all work super hard they have no right to deserve that market cap. And even if they do all work super hard, they barely deserve it. That should not be news to anyone here. I am very heavily invested in this company, but the valuation and very survival of this company depends on everyone recognizing the mission and working hard. Now they should not be injured on the job, but that's old news. They are now below industry average on injuries. So nothing to complain about there either. So anyway, I think he's just saying they have a ton of execution yet to deserve the market cap they have, and I totally agree.
"A lie gets halfway around the world before the truth has a chance to get its pants on."
Winston Churchill
3Victoria
Active Member
Well, I just instructed my advisor to buy more, so I am happy the SP is down a bit.
This is why I am in a tizzy:
I remember this all too well. It very much felt like it signaled the top of a long rally. Maybe it's different this time, but this is what happend last time he pulled this. Sure it was fine in 4 months. I might sit this one out.
I remember this all too well. It very much felt like it signaled the top of a long rally. Maybe it's different this time, but this is what happend last time he pulled this. Sure it was fine in 4 months. I might sit this one out.
EM says SP "is kind of high right now" came from this 2014 CNBC Sept. 5th interview.
Tesla sinks after Musk's 'kind of high' comment
Great trading opportunity for those that took advantage
.
Tesla sinks after Musk's 'kind of high' comment
Great trading opportunity for those that took advantage
.
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Sept 2013 there were some over publicized combustion events too, but that was after his comments and the combination broke the back of that first great up trend. It wasn't all his statement.
racer26
Active Member
Maybe some of those investment banks should consider hiring Elon as an analyst - he seems to have a substantially better track record than the analysts.
Had the exact same thought. His tipranks is through the roof.
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