Elon Musk was right — Wall Street’s take on Tesla is boneheaded and boring (TSLA, F, GM, FCAU, RACE)
|01/26/2019||Posted by BusinessMediaguide.Com under General World News||
- Last year, Tesla CEO Elon Musk accused Wall Street analysts of asking boring and bonehead questions.
- He later apologized — but he was actually right.
- Wall Street’s inability to understand the Tesla’s and the traditional auto industry business for the past five years has been staggering.
Wall Street has a Tesla problem.
America’s newest publicly traded automaker has also become one of its most valuable, but its market capitalization of between $50 billion and $60 billion is unstable and based on challenging growth expectations.
When Tesla was still a relatively small manufacturer of luxury electric vehicles, the confusion was understandable. Some read more >>>