TheTalkingMule
Distributed Energy Enthusiast
We can go ahead and nix any talk of buyback, for the simple reason that all it accomplishes is putting pressure on shorts.Someone at the next annual shareholders meeting: Hi Elon, long time investor, I'm wondering if you could ever see a time when Tesla would do a share buyback? I mean, is there anything that could possibly happen that would cause this to be a good way to spend part of the warchest?
Elon: Hold my beer! Well, maybe, if Tesla has no other engineering goals, regardless of profitability or not, regardless of the share price, then maybe...
Again, any other CEO would think differently, but Elon will always find a better way to spend cash according to his principles. I think he's been pretty clear on this sentiment.
Elon's not going to deploy capital purely for a non-business purpose if it doesn't actually threaten the company. Which it clearly does not.