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.”
Date: Sep 05, 2014
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?