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-0.00389326334208235 -0.00554097404491115 -0.00764071157771946 -0.00698454359871694 -0.00244969378827656 0.00102070574511509 0.00794692330125391 0.0177894429862933
Stock impact report

What Elon Musk Needs to Learn From the Luckin Coffee Fiasco [The Motley Fool]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: The Motley Fool
At first glance, it'd be hard to find two companies as little alike asTesla(NASDAQ:TSLALuckin CoffeeNASDAQ:LKYet as it turns out, the top executives of Tesla and Luckin do have something in common, and Tesla CEO Elon Musk might be able to learn a lesson from the recent experiences of Luckin CEO Jenny Qian and board chairman Charles Lu. The common ground they share is that they all pledged shares of their respective companies' stock to take out loans. Those pledges hurt Qian and Lu hard, and while they haven't bitten Musk yet, the Tesla leader would be wise to take heed before it's too late.Tesla CEO Elon Musk. Image source: The Motley Fool.Here's what happened to Luckin's leadersOn April , Luckin Coffee disclosed that it was investigatingallegationsLess than a week later, the Nasdaq Stock Markethalted trading in shares of Luckin CoffeeLu had defaulted on a margin loanMusk's pledged Tesla sharesElon Musk has also taken out extensive loansMusk has pledged a substantial portionAs of Febr Show less Read more
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