Monday, July 11, 2016
Mr. Musk and Growth Options
Repeatedly I have marvelled at Mr. Musk's ability to convince the market that Tesla has growth options with his words. Well he did it again. Tesla has been struggling with bad news in recent weeks. Production was below expectations, the government announced an investigation involving an auto driving death, and there was widespread criticism of Tesla's offer for Solar City. But at the opening today the stock was up over $1 billion in market capitalization to a relative high for the past month. Why? Because Mr. Musk announced he is going to reveal a new secret master plan. Wow.