Economist Slams Elon Musk for Making Tesla a "Tech-Bubble" Meme Stock [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
But experts are becoming wary of the company's sky-high valuation of well over half a trillion dollars in market capitalization — long a subject of debate — especially now that sales are in freefall and Tesla's competition is flourishing. Meanwhile, its CEO Elon Musk — who has long made a habit of over-promising — is quickly turning into a "meme-stock carnival barker," as economic historian and UC Berkeley economics professor J. Bradford DeLong argued in an excoriating new piece for Project Syndicate . In fact, Musk is currently chasing a $55 billion pay package even as he conducts mass layoffs. "From the standpoint of its suppliers, employees, and customers, [Tesla] is a source of income and production," DeLong wrote. "And from the standpoint of Wall Street speculators, it is a bouncing ball in a roulette wheel: a tech-bubble casino play." AI Gamble Analysts have long suspected that Tesla's considerable valuation vastly exceeded its actual worth. And with Musk seemingly pivo
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- Many US consumers staying away from EVs due to lack of charging availability: report [FOX Business Network]FOX Business Network
- What's driving consumer interest away from EVs? [Yahoo! Finance Canada]Yahoo! Finance Canada
TSLA
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- 4/23/24 - Beat
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Sec Filings
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- 5/13/24 - Form PX14A6G
- TSLA's page on the SEC website