The most amazing thing about the rise in Tesla’s s stock is the fortuitous timing. Less than a year ago, after a horrific Q1 earnings release, Tesla had fallen to $176 per share. Their largest stockholder, Baillie Gifford, has now admitted that they were considering eliminating their stake in Tesla around that time. This would have been “Game Over” for Musk if this had happened. Because Musk is up to his eyeballs in loans to the bank which would have come due if the stock price cratered even further.
RSS Feed