Is Elon Musk really not aware of the trouble he could be in by suggesting in Tweets that he would take Tesla Private? Unbeknownst to his Board of Directors and the SEC? Is this a ploy to get his losing company to $420 per share? The current share price is $350 per share. Don’t get me wrong, I love the look of Teslas. I actually pondered putting $1,000 down for the right to get in line to buy a Tesla someday. But thought better of it.
Mr. Musk has made many promises that he is expanding his operations to meet demand. But no sign of that yet. This a man who should not be running a public company. That much is true. He is incapable of delivering on his promises. He gets insulted and bent out of shape when criticized by the analyst community and the media. So, this may be the smartest thing he has done. Take the company private.
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