Posted by & filed under Company Analysis, Growth & Valuation, Industry Analysis, Management Issues.

Description: Elon Musk sure knows how to stir up investors. On the day Tesla’s CEO announced that his car company’s $5 billion next generation battery “gigafactory” would be built in Nevada, Musk quipped, ”I think our stock price is kind of high right now to be totally honest.” Musk continued: ”If you care about the long term, Tesla, I think the stock is a good price. If you look at the short term, it is less clear.”

Source: Forbes.com

Date: Sep 05, 2014

Link: http://www.forbes.com/sites/briansolomon/2014/09/05/elon-musk-tesla-stock-price-kind-of-high-right-now/

Questions for Discussions:

  • Why would Musk make these sorts of statements?
  • Do you think this behavior is part of a publicity effort to raise awareness about the company valuation and help maintain a higher stock value?

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