Comment by tough
10 days ago
I didn't partake but from elon's shenanigans with bitcoin and doge (the coin, not the govt thing) it seemed clear he'd do similar with the stock
is tesla stock not volatile too? elon stock's are more like today's crypto than a 20th's century company stock w dividends
People have trouble pricing it because they do actual new engineering and don't spend time and money making the stock price wherever they want it. All the other F500s are owned by the same few companies and all the board members are the same.
Wall Street has never understood engineering. Eventually Tesla will pull a Boeing, GE, Ford, etc- lose the founder of founder's influence, get taken over by suits, and slowly die but hang on by playing the financial games.
> and slowly die but hang on by playing the financial games.
There have been plenty of those, like SpaceX buying Solar City bonds then when they were going to go bad he used Tesla to bail them out.
There's definitely been a lot of "creativity" in Musk's companies. I'm honestly a bit surprised that any could go public. I thought there'd be too many skeletons in the closet, but glad things worked out/weren't that bad.