Wednesday, April 4, 2018

Unfunny

(cont'd from yesterday's post)

Elon Musk's joke about Tesla going bankrupt was not that funny to serious investors. The company's stock went down about 22% in March.

The fatal crash, the downgrading by Moody's, and failure to reach production goals has some investors worried. 

How is Musk coping with this stress-filled situation? In typical Musk fashion:

1) He is personally taking control to get Model 3 production up to where it needs to be. In a situation fraught with risk, he's "back to sleeping at factory." It's stuff like this - doing whatever it takes -  that makes investors bet on Musk despite lots of contrary evidence. He's got to get this done.

2) He tries to seize control of the narrative, to joke about those nasty rumors of bankruptcy. Here's another of his tweets:

"Elon was found passed out against a Tesla Model 3, surrounded by "Teslaquilla" bottles, the tracks of dried tears still visible on his cheeks.


No comments:

Post a Comment