Combative Musk talks stock price over sales, insults over answers – The Irish Times
Tesla’s sales are falling, but Elon Musk appears unbothered.
Asked about sales woes and brand damage at Bloomberg’s Qatar Economic Forum, Musk didn’t cite a turnaround plan or offer numbers. “Just look at the stock price,” he said.
Tesla “wouldn’t be trading near all-time highs” if “things weren’t in good shape. They’re fine. Don’t worry about it.”
Firstly, Tesla remains 30 per cent shy of December’s peak, which isn’t “near all-time highs.” Secondly, Tesla’s stock is driven more by sentiment than fundamentals, by belief in Musk rather than revenues.
It doubled after the US election, then halved, before rising again during the recent market rally.
Many investors aren’t buying the business, they’re…
